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[eTeknix] FBI Seizes Record 144,336 Bitcoins – Worth $28 Million - Page 5

post #41 of 45
Quote:
Originally Posted by kishagi View Post

i never understood confiscation and seizure by authorities. Isnt it really theft and armed robbery ? If i did it, i would get arrested, but if i had a uniform, i wouldnt? I think something is missing here.

The logic is because the money was procured via illegal activities and illicit ways, you shouldn't even have it in the first place, so they seize it.
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post #42 of 45
Quote:
Originally Posted by btupsx View Post

The logic is because the money was procured via illegal activities and illicit ways, you shouldn't even have it in the first place, so they seize it.

The Government doesn't like competition.

As for the others commenting on what they are trying to put DPR away for; they want what is, essentially, life.
    
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post #43 of 45
Let this be a test of the strength of bitcoin as a currency to see if it can keep itself out of the FBI's prying hands. Pass the popcorn please.
post #44 of 45
maibe you should precise in the first post what is this silk road thing , because i first though about the video game the silk road but it made very little sens , still i had to scroll down to about 10 comment later for someone to explain what is silk road marketplace ,.....
Edited by Ashuiegi - 10/29/13 at 7:58am
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post #45 of 45
I cant really stick up for a guy/company who helps facilitate human rights violations, cynical hat aside thats what the FBI have helped shut down here even if it was for the wrong reason but idk?

. Having said that I would like to see what happens in this case, if there is a vulnerability in bit coin it can be found sooner rather than later and fixed as i believe it has a future in currency even if its not the only option
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Overclock.net › Forums › Industry News › Software News › [eTeknix] FBI Seizes Record 144,336 Bitcoins – Worth $28 Million