Bitcoin fallacy led to Silk Road founder's conviction

Silk Road founder/Bitcoin value

Interesting that back in 2013 when the Silk Road founder had been arrested he had over 144,000 bitcoins valued at around $197 each seized by the FBI totaling $28.5 million.. 4 years later, 144,000 bitcoins is valued at ~$2.4 Billion...
EDIT: I am assuming the FBI still has these bitcoins?... Not too sure how the seizure of property works like this
https://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/#31fe9f627655
submitted by BBlackbear to conspiracy [link] [comments]

Bitcoin mentioned around Reddit: Silk Road founder/Bitcoin value /r/conspiracy

Bitcoin mentioned around Reddit: Silk Road foundeBitcoin value /conspiracy submitted by BitcoinAllBot to BitcoinAll [link] [comments]

DOJ Hasn't Actually Found Silk Road Founder's Bitcoin Yet

DOJ Hasn't Actually Found Silk Road Founder's Bitcoin Yet submitted by UlkeshNaranek to evolutionReddit [link] [comments]

What US authorities do with seized currency when an investigation/prosecution is over? Namely, what will happen to Silk Road founder's bitcoins?

In this article from forbes the author mentions that the Department of Justice has seized $3.5 - 4 million dollars worth of bitcoins from the Dread Pirate Roberts.
What will become of these bitcoins down the road? Will they just be destroyed, or will the government eventually trade them in on one of the exchanges for cash?
submitted by labourlawcanada to law [link] [comments]

U.S. Marshals Will Auction Silk Road Founder's Bitcoins

U.S. Marshals Will Auction Silk Road Founder's Bitcoins submitted by BitcoinAllBot to BitcoinAll [link] [comments]

U.S. Marshals Will Auction Silk Road Founder's Bitcoins

U.S. Marshals Will Auction Silk Road Founder's Bitcoins submitted by GrandmaFetish to Bitcoin [link] [comments]

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion submitted by Crazy_Surprise756 to Bitcoin [link] [comments]

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion submitted by crypt0crook to CryptoCurrency [link] [comments]

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion (x-post from /r/Bitcoin)

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion (x-post from /r/Cryptocurrency)

Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

ELI5:Why would US Marshals auction off bitcoin?

The US Marshals office is in the news lately, because they are auctioning off "20 million dollars worth of bitcoin," retrieved from the recent SilkRoad bust.
Why? If the US Marshals already possess "$20 million worth of some currency," why would they auction it off, in essence exchanging it for "less than $20 million worth of another currency"?
Don't bitcoin have an exchange rate? Couldn't they just keep the $20 million, rather than auction it off?
In another scenario; would the US Marshals office auction off "a large stack of $20 bills," or would they be able to just keep money?
submitted by btowntkd to explainlikeimfive [link] [comments]

Silk Road founder Ross Ulbricht makes $100k Bitcoin price prediction

Silk Road founder Ross Ulbricht makes $100k Bitcoin price prediction submitted by kirby__000 to Bitcoin [link] [comments]

Legendary Bitcoiners are fundraising for jailed Silk Road founder - Decrypt

Legendary Bitcoiners are fundraising for jailed Silk Road founder - Decrypt submitted by kirby__000 to Bitcoin [link] [comments]

Silk Road Founder Ross Ulbricht: 'The Sky is the Limit' for Bitcoin

Silk Road Founder Ross Ulbricht: 'The Sky is the Limit' for Bitcoin submitted by Ranzware to BitNewsLive [link] [comments]

Silk Road Founder Ross Ulbricht: 'The Sky is the Limit' for Bitcoin

submitted by cryptolobe to cryptolobe [link] [comments]

#Crypto Market News 04.24 BitCherry Daily News 🍒$333,000,000: Insane #Bitcoin (BTC) Price Target Named by Silk Road Founder. ➡️Read More: bit.ly/2VPGkln #Blockchain #BCHC #IPv8 #cryptocurrency #BTC #StayAtHomeWithBCHC

#Crypto Market News 04.24 BitCherry Daily News 🍒$333,000,000: Insane #Bitcoin (BTC) Price Target Named by Silk Road Founder. ➡️Read More: bit.ly/2VPGkln #Blockchain #BCHC #IPv8 #cryptocurrency #BTC #StayAtHomeWithBCHC submitted by BitCherry_Official to u/BitCherry_Official [link] [comments]

Silk Road Founder Said 'The Sky is the Limit' for Bitcoin

Silk Road Founder Said 'The Sky is the Limit' for Bitcoin submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Bitcoin's Price Has More Pain to Come Before Next Mega-Wave up, Says Silk Road Founder

Bitcoin's Price Has More Pain to Come Before Next Mega-Wave up, Says Silk Road Founder submitted by n4bb to CoinPath [link] [comments]

Bitcoin Price Could Drop Below $3000: Silk Road Founder (current BTC/USD price is $7,044.89)

Latest Bitcoin News:
Bitcoin Price Could Drop Below $3000: Silk Road Founder
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Bitcoin Price Could Drop Below $3000: Silk Road Founder

Bitcoin Price Could Drop Below $3000: Silk Road Founder submitted by Ranzware to BitNewsLive [link] [comments]

Silk Road Founder Ross Ulbricht: Bitcoin Price Could Drop to $3,200

Silk Road Founder Ross Ulbricht: Bitcoin Price Could Drop to $3,200 submitted by Ranzware to BitNewsLive [link] [comments]

Silk Road Founder Ross Ulbricht: Bitcoin Price Could Drop to $3,200

Silk Road Founder Ross Ulbricht: Bitcoin Price Could Drop to $3,200 submitted by cryptolobe to cryptolobe [link] [comments]

Double Life Sentence for Victimless Crimes: Ross Ulbricht of the Silk Road Silk Road founder sentenced to life in prison Bitcoin Price Predicted to Skyrocket to $100K in 2020 by Silk Road Founder Ross Ulbricht  BTC News Ross Ulbricht and the Silk Road Documentary - YouTube Silk Road founder, Ross Ulbricht, sentenced to life in ...

Bitcoin is all about electronic wallets that send digital cash directly to one another. All you need is a Bitcoin wallet address. You never need to know someone's real name. And at the center of ... Silk Road founder Ross Ulbricht turns 36 today, spending his seventh birthday in a row in jail. Ross Ulbricht turns 36 years old today. ... The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We ... What’s more, the $350,000 in bitcoin that Ulbricht had traced to Curtis Green’s account had been stolen, but not by Green. Former Secret Service agent Shaun Bridges had used Green’s identity to steal the money from Silk Road’s account. In addition, he had used Green’s account to steal a further $450,000 from other Silk Road accounts, which he had transferred to his own account. Silk Road founder Ross Ulbricht said that the bitcoin bear market could last until 2021. He asserts that if this was to continue, the price of BTC could drop as low as the $3000 range. He expects the crypto to eventually hit bottom at around $3200 with the bear market lasting until July this year and starting a month earlier in June. While in prison for his crimes, Ross Ulbricht has been ... 144 thousand Bitcoins, which were seized throughout the case, were sold by auction in 4 mails. These Bitcoins were seized from digital wallets on the laptop of Silk Road founder Ross Ulbricht. The first auction was held with 30 thousand Bitcoin in June 2014; The last auction took place in November 2015.

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Double Life Sentence for Victimless Crimes: Ross Ulbricht of the Silk Road

Ross Ulbricht, Leader of an economic revolution wrongfully imprisoned by the state for far too long. The USA Government only furthered his cause meanwhile ta... This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue This video is unavailable. Watch Queue Queue Ross Ulbricht is creator of Silk road , which happened to be a market place for people who want to trade drug. THis has not been confirmed whether the DRug deals used to happen in the knowledge of ... 10: Pakistani High Court Demands Central Bank to Lift Ban on Bitcoin https://www.reddit.com/r/Bitcoin/comments/j2jiis/pakistani_high_court_demands_central_ba...

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