Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Pearls Before Swine
I know that one of the largest entities that posses bitcoin is the US government who has seized a whole bunch of it already when busting folks for various things.

Rather than lose the value of what they have come into, I think the Feds will rather regulate it and like a good mafia type of organization will take it over and move out all who had control over it before.

15 posted on 01/27/2014 12:58:47 PM PST by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.)
[ Post Reply | Private Reply | To 14 | View Replies ]


To: A CA Guy
Waste not, want not, huh? Our government? Hahaha. Perhaps the department that seized the bitcoins will want to squeeze out maximum value for its own toy budget, just like local law enforcement likes to take advantage of civil asset forfeitures.

But, I doubt highly that the money involved would influence any high-level policy decision. The amount is too small for our government, which wastes many billions without a care(see Solyndra or Fiskar, prevailing wage contracting, minority set-asides, welfare and tax overpayments, EPA regs, etc, etc).

16 posted on 01/27/2014 1:04:20 PM PST by Pearls Before Swine
[ Post Reply | Private Reply | To 15 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson