Yup, I am amazed at how people seem to be blind at the scale of money when we are talking about whatever. I can't be arsed to dig up credible sources ATM but my business is ecigs so I pay attention to the lobbying by big tobacco and pharma against ecigs. The federal government isn't supposed to use tax money for lobbying but there are loopholes which essentially allow it. The number I remember is something like $2 billion given to anti-nicotine zealots to end up lobbying even though it is truly said to be for some sort of "social awareness service". There are billions given out for war and Fed thrift plus all sorts of horrible programs but they seem to come up short for $20 million for some sort of space program.
Still, the DoJ might like to use it for law-enforcement toys, as with other seized funds. (The DoJ can't print its own money and like other agencies, fsces practical budget limits.)
Which raises the interesting question: if they win their case against Ulbrecht, and the right to keep the coins, what will be signalled by the moment and method thay choose to liquidate?
Should whatever exchange they use be happy — chosen by the FBI! — or fear it's a trap?
Might the Feds be signalling, based on inside info of upcoming enforcement, that the BTC/USD rate is at a local maximum?
praxeologist|12 years ago
gojomo|12 years ago
Which raises the interesting question: if they win their case against Ulbrecht, and the right to keep the coins, what will be signalled by the moment and method thay choose to liquidate?
Should whatever exchange they use be happy — chosen by the FBI! — or fear it's a trap?
Might the Feds be signalling, based on inside info of upcoming enforcement, that the BTC/USD rate is at a local maximum?