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re: So what happens to Bitcoin now?
Posted on 10/4/13 at 5:52 pm to WikiTiger
Posted on 10/4/13 at 5:52 pm to WikiTiger
In fairness, the feds themselves might be exaggerating the value of his holdings. Granted, this dude is rapidly showing that, technosavvy aside, he wasn't really that bright but I doubt he was stupid enough to volunteer to the authorities that he had eighty million dollars in whatever that they couldn't get.
Kind of like how every 18 wheeler packed with weed stopped by the cops has a "street value" of (unrealistic number) million dollars.
Kind of like how every 18 wheeler packed with weed stopped by the cops has a "street value" of (unrealistic number) million dollars.
1
Posted on 10/4/13 at 6:18 pm to Walking the Earth
quote:
In fairness, the feds themselves might be exaggerating the value of his holdings.
not really. here's the bitcoin address where the feds are storing it: https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX
people have been sending very small amounts of bitcoin to it and embedding messages (a built in feature of the bitcoin protocol). it's kind of funny.
27,365 bitcoins at a current value of approximately $137.59 for a total value of $3,765,150.35
as stated in the article, this is what the seized from the SR, and it consists of the escrow holdings...so basically, it's just customer money
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