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Topic: Did you know that the US is the Second Largest Bitcoin Holder? (Read 3398 times)

cryptocoinsnews (OP)

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Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:19:47 AM

Uncle Sam, or to be more precise, the US Federal Government, has been busy. Between bouts of criticizing cryptocurrencies, regulating cryptocurrencies and spending a bit of time warning against the use of cryptocurrencies; one would think that Uncle Sam is against us on closer examination, that may well not turn out to be the case. It seems that Uncle Sam has been playing quite the little game as it is now one of the largest holders of Bitcoin Ever!

http://www.cryptocoinsnews.com/news/uncle-sam-worlds-second-largest-bitcoin-holder/2014/08/30

What do you think of the implications?

Tips CCN at david.parker (at) cryptocoinsnews.com

/David Parker, Director of CCN

BitCoinNutJob

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:28:44 AM

They are probably in the top 10? I should imagine above them with multiple addresses are people like... roger ver, mark karpeles, the guy on the kieser report who backed life on bitcoin, and a few more. Wouldnt be surprised if branson had a decent stash also.

cryptocoinsnews (OP)

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:29:30 AM

Most likely.. Yeah.

/David Parker, Director of CCN

cryptocoinsnews (OP)

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:30:02 AM

Quote from: BitCoinNutJob on August 30, 2014, 08:28:44 AM

What do you think the outcome will be after a conviction if any?

/David Parker, Director of CCN

cuddaloreappu

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:30:35 AM

Life, bitcoin and the pursuit of happiness...

cuddaloreappu

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:32:04 AM

And that is why sometimes I believe in American exeptionalism

haploid23

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:40:21 AM

FBI already auctioned off 30k btc. They still have quite the wallet though. And it's quite ironic that btc is decentralized, yet one government has one of the biggest bags.

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EternalWingsofGod

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 08:42:16 AM

Quote from: haploid23 on August 30, 2014, 08:40:21 AM

FBI already auctioned off 30k btc. They still have quite the wallet though. And it's quite ironic that btc is decentralized, yet one government has one of the biggest bags.

It's kind of funny since it acts as a leverage mechanism to governments favorably considering it
Since they acquired a stake of that pie from the drug dealers and are willing to resell them lol.

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umair127

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 09:46:54 AM

It sucks that no one stood together and decided not to buy the bitcoins from the government unless they were going to offer the coin for 250 each and thats it. If the bitcoin community didnt buy it Im sure the price of bitcoin would have sold far more cheaper in the auction

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unpure

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 10:13:47 AM

#10

140,000 bitcoin. Hard to imagine the turbulence they will cause when they decided to sell.

The last time 30k bitcoin went to auction, coin price dropped more than 20% and then recover when someone paying above market rate the the coin.

Chumps

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 11:37:25 AM

#11

Decentralized things always find their way to the central powers. Bitcoin is no different in this respect!

novacn

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 01:49:16 PM

#12

Uncle Sam is so good at confiscating and buying cheap coins Cool

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Wealthy

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 01:50:55 PM

#13

Wow, those datas are too much!

If US wants it can crash bitcoin in matter of weeks!

Beliathon

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https://youtu.be/PZm8TTLR2NU

Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 01:55:19 PM

#14

Quote from: haploid23 on August 30, 2014, 08:40:21 AM

FBI already auctioned off 30k btc. They still have quite the wallet though. And it's quite ironic that btc is decentralized, yet one government has one of the biggest bags.

"Keep your friends close, and your enemies closer" is the logic of an entity that views everything from the perspective of a mafia boss. Which is what the USA government has become.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 01:59:27 PM

#15

Quote

These hoarded bitcoins currently sit at this Bitcoin address: 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw, which is #2 on the BitcoinRichList.

Clark Moody's Bitcoin Dashboard

Deviant1

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 02:02:26 PM

#16

I just read that fact today. Can't say it isn't worrisome...

peeveepee

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 02:29:43 PM

#17

Quote from: novacn on August 30, 2014, 01:49:16 PM

Uncle Sam is so good at confiscating and buying cheap coins Cool

Government way of catching big fish:

Let the illegal business get big, then go in and catch it and confiscate all the money from the owner.

Instant profit.

Beliathon

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 02:38:18 PM

#18

US Government holds how many US dollars? How much of their sovereignty derives from their power over money?

With only 150,000 out of 13+ million total Bitcoins, how much less powerful will they be after the dollar is dead and gone?

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.

catena5260

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 02:52:40 PM

#19

Dialectic behavior.

While warning about the risks of Bitcoin and making lots of regulations that might suffocate Bitcoin, hold as many as you can, so if Bitcoin survives, they will have lots of control over it.

While prepare for the end, also prepare for the situation where Bitcoin thrives.

That way wharever happens, you'll be prepared.

CreamyPie

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Re: Did you know that the US is the Second Largest Bitcoin Holder?

August 30, 2014, 03:47:23 PM

#20

That gives a serious advantage to US in terms of currency again...it was USD not US-BTC??

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