
“While the FBI may have its hands on the founder of Silk Road’s bitcoin wallet, that doesn’t mean it has access to what’s inside. Ross Ulbricht, despite his own self-incriminations as the mastermind behind the online black marketplace, was able to do one thing right: secure his bitcoins. ‘Without the private key, it would be impossible for the government to access the bitcoins,’ says Ankur Nandwani, who runs bitcoin micropayments service BitMonet. Conceivably, the government could make some sort of deal with Ulbricht to provide the key to the bitcoin wallet holding the approximate 489,000 bitcoins it cannot currently access.”
http://www.coindesk.com/fbi-proves-seizing-bitcoins-isnt-owning/
Related posts:
Bitcoin Violates Numerous Laws According to Indonesia Central Bank
Jeffrey Tucker: Bitcoin Thwarts America's Roman Decline
Three States Dump Major Private Prison Company In One Month
European Space Agency ponders asteroid-smashing mission
FDA Regulations Force Natural Milk Farmers To Lie To Their Customers
Bionic Commandos from the Warrior Web
Gel used for buttocks enhancements blamed for 15 deaths in Venezuela
Breaking: CoinEx.pw hacked, all coins stolen
FBI Failed to Track Boston Terrorist Suspect’s Flight to Russia: Misspelled Name
John Whitehead: Round Ups, Checkpoints and National ID Cards
$20 Billion Hidden in the Swamp: Feds Redact 255,000 Salaries
Glenn Greenwald: Snowden’s revelations ‘not espionage in any real sense of the word’
Venezuela running out of toilet paper
First Person Charged, Guns Seized Under Conn. Gun Registration Law
Russia warns of nuclear disaster if Syria is hit