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re: So what happens to Bitcoin now?

Posted on 10/3/13 at 7:57 am to
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 10/3/13 at 7:57 am to
Anyone want to speculate how many Americans will be tracked down and arrested for buying hard drugs on SR before this is over?

If another SR user claimed to have the addresses of 500,000 SR users, you can bet the FBI has those addresses, too. Once the FBI starts arresting the largest purchasers and confiscating their bitcoins, it's game over.
Posted by Lsut81
Member since Jun 2005
80245 posts
Posted on 10/3/13 at 8:12 am to
I was just thinking last night "Gee, we haven't had a bitcoin thread in a while, I wonder whats going on with it"
Posted by C
Houston
Member since Dec 2007
27832 posts
Posted on 10/3/13 at 8:29 am to
I know this would kill other businesses, but with the way bitcoins are used, with a large seizing like this taking a significant % off the market shrinking supply, would this increase the cost over time? Bitcoiners seem to be a "better him than me" type group who wouldn't fold to something like this. I guess that only holds for the very faithful.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 10/3/13 at 8:56 am to
quote:

Anyone want to speculate how many Americans will be tracked down and arrested for buying hard drugs on SR before this is over?


Yeah 0. They aren't going to go after the recreational user in my opinion
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