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[fiery phoenix]

3.36 worth of bitcoin has been seized by the US Department of Justice as part of the Silk Road Association.Silk Road Association was an online black marketplace for criminals or what some would call a dark web marketplace.Many items were sold on the matketplace including crypto and drugs.It was shut down in 2013 and its founder was arrested.Back in November 2020 the US Department of Justice seized about 1.1 billion worth of bitcoin from Silk Road,so the recent 3.36 billion means the seizure has trippled.This seizure is believed to be the biggest in history.

Will black marketplaces affect the future of crypto largely?What are your thoughts?

 

[BullyMaguire]

I mean im sure there's still more and this dealings wouldn't stop just because they get caught once. as long as there are people willing to deal with the blackmarket there will be people that are willing to offer their illegal services. while the founder was already caught there's no way other people cannot take over

 

[Edcosmas]

D

And why is it bad for the average user or the crypto world. There have always been scammers, at all times. And the money obtained illegally was always cashed in different ways.
It's just that we ourselves, those users who work with cryptocurrency, need to be more careful and careful. And that's it! And there will always be money laundering. Be it offline space or the Internet.
And yes, no one will distribute them. They were confiscated and they have already gone in favor of the state.

Damn! These country rulers need to consider helping some sectors in order to grow the economy. I am suspecting that it could be possible that these country leaders have a secret department that deals in these crypto and forex to save the economy. I think.

 

[Riberet19]

D

Damn! These country rulers need to consider helping some sectors in order to grow the economy. I am suspecting that it could be possible that these country leaders have a secret department that deals in these crypto and forex to save the economy. I think.

the rulers do not miss one even though sometimes they play dumb, they analyze everything to act before it gets out of control and if they help certain sectors to save the economy they will do so arbitrarily and those they consider will help them to their interests and not out of empathy or charity really.

 

[Edcosmas]

the rulers do not miss one even though sometimes they play dumb, they analyze everything to act before it gets out of control and if they help certain sectors to save the economy they will do so arbitrarily and those they consider will help them to their interests and not out of empathy or charity really.

Looking at the case of the seized amount, I am sure that they will still try to make use of that money to make profits for themselves. I am just wondering if all these seized fund gets turned in, in the right amount without commas

 

[Riberet19]

Looking at the case of the seized amount, I am sure that they will still try to make use of that money to make profits for themselves. I am just wondering if all these seized fund gets turned in, in the right amount without commas

Many of the bitcoins seized, for example, in Silkroad, the largest black market in the history of the Internet, were auctioned and bought, I think in 2015 or I don't know the exact date, but they were auctioned. Today I think they will surely be sold on the market

 

[fiery phoenix]

Wow. That is bad for business and even the crypto world at large. I hope they are going to be returned because it's devastating taking someone's sweat just because of whatever reason. Even if it was distributed, it will be very nice. What do you think?

Distributed?No.The state will take charge of it from here.Maybe they will use it to donate to charity or add to the national revenue for national development.
Since the ordinary human being could not use crypto well,they can't do the same the same mistake of returning it back to him through random distribution.They have to give it to good cause,with regulation and no interferance

 

[Margery]

D

Damn! These country rulers need to consider helping some sectors in order to grow the economy. I am suspecting that it could be possible that these country leaders have a secret department that deals in these crypto and forex to save the economy. I think.

Accordingly, there are such departments. It's just that the general public, the public, is not much privy to such matters. They just do their job and that's it. I don't care if they exist or not. I live in peace, I don't break anything. so. And whoever needs the economy to stay afloat, since they have good dividends from this, let them think about it.

Many of the bitcoins seized, for example, in Silkroad, the largest black market in the history of the Internet, were auctioned and bought, I think in 2015 or I don't know the exact date, but they were auctioned. Today I think they will surely be sold on the market

It goes without saying that they will be sold. Nobody will let them lie dead weight. And why? If you can make good money doing it! That is what they are most likely to do.

 

[btaliat]

Still, I think that this does not have a big impact on the value of bitcoin. It can only be informational noise. If now the cost of the coin would be significant, then none of the users would pay attention to this news. It's just that now the task seems to be to keep bitcoin in one place. This is where the news comes in.

It may not affect the price of the coin since the coin was seized and not used in trading. The only time there may be significant impacts on the price of any coin is when there are traders. The only useful thing is that it will help people to tighten their security.

 

[Margery]

It may not affect the price of the coin since the coin was seized and not used in trading. The only time there may be significant impacts on the price of any coin is when there are traders. The only useful thing is that it will help people to tighten their security.

It's like a separate thing, I think. The cost of bitcoin and its confiscation from scammers probably do not intersect in any way, either in meaning or in essence, which can lead to a negative result in the form of an outflow of cryptocurrency from the trading floors. It's just that I think such events run in parallel.

 

[Riberet19]

It goes without saying that they will be sold. Nobody will let them lie dead weight. And why? If you can make good money doing it! That is what they are most likely to do.

Exactly, these government entities do not understand hodl or anything like that, they will simply sell them to the first one who offers a good price and they will get hold of the loot.

It may not affect the price of the coin since the coin was seized and not used in trading. The only time there may be significant impacts on the price of any coin is when there are traders. The only useful thing is that it will help people to tighten their security.

These bitcoins, for example those from silk road, are as if they had been sold in the OTC market (over the counter) and were sold directly to other individuals without going through traditional markets, so the price would not be affected in this case.