GoopOnYaGrinch [none/use name] to politics • 3 years agoI'm guessing the federal government uses crypto from asset seizures to finance intelligence operations off the books, right?external-linkmessage-square10 fedilinkarrow-up136file-text
arrow-up136external-linkI'm guessing the federal government uses crypto from asset seizures to finance intelligence operations off the books, right?GoopOnYaGrinch [none/use name] to politics • 3 years agomessage-square10 Commentsfedilinkfile-text
That has to be the most plausible theory, no? Just using crypto the same way they've used drug dealing or gun running?
minus-squareElon_Musk [none/use name]hexbear11·edit-23 years agoActually they auction it off. There have been several instances of the US government auctioning off huge quantities of seized bitcoin. link
minus-squareRedCoat [he/him]hexbear2·3 years agoThat seems really weird, why would you auction something with a set known value? they might as well just be auctioning off seized suitcases full of cash. link
minus-squareElon_Musk [none/use name]hexbear2·edit-23 years agoLiquidity. It's hard to move a huge sum of bitcoin. Or at least it was when all those dark markets got raided. link
Actually they auction it off. There have been several instances of the US government auctioning off huge quantities of seized bitcoin.
That seems really weird, why would you auction something with a set known value? they might as well just be auctioning off seized suitcases full of cash.
Liquidity. It's hard to move a huge sum of bitcoin. Or at least it was when all those dark markets got raided.