
“Uncle Sam has seized bitcoins in the past, but nothing so large as the stash from the Silk Road bust. Like the rest of the world, the government is struggling to come to terms with this brave new currency. With the feds belatedly pushing for regulation of the bitcoin system, many people are having trouble converting their digital currency into cash. If the feds then decide to cash out their own bitcoins, you’ve got a conundrum. Given the murky regulatory landscape surrounding bitcoins, the government could opt to destroy the stash — or let it sit on the internet forever, doing nothing. And — barring a crash — the longer they sit there, the more they’ll be worth.”
http://www.wired.com/wiredenterprise/2013/10/silk-road-bust/
Related posts:
Kucinich: Top 10 Unproven Claims for War Against Syria
Jim Rogers: The Worst Crash In Our Lifetime Is Coming
Another Passport Program to Avoid
Defense Bill Gives Sacred Native American Sites To Mining Company
Google Removing Google+ Requirement From Other Products
Almost All Nations Are Heading for Collapse, but Greece Is Special (in a Bad Way)
Daddy Bloomberg Wants to Require Retailers to Hide Tobacco
James Corbett, 9/11: A Conspiracy Theory [2011]
Media caught manipulating image
Bitcoin vs Gold: Getting the Most Bang For Your Buck
Argentina Turns To Gold As Inflation Tops 26%
David Gay Speaks Nullification at Albany, NY Gun Rights Rally
Snarling, Robotic Police in House-to-House Search
‘There’s element of panic in US policy towards Edward Snowden’
More than half of Americans disapprove of Obamacare