The Bitcoin Tracking Thread

[Ares]

I'm pretty sure the feds only have possession of the wallet. They can view the public key anytime and see what it contains. However without the password to decrypt the wallet, and most likely a password to "send" bitcoins (an assumption on my part, but it's pretty common practice to encrypt and password protect your bitcoin wallet) mere possession of the wallet doesn't mean squat. If he was smart and backed it up in the cloud somewhere all he would have to do is tell someone the account of where it's at and how to go about migrating into their wallet and give them the password to unlock the backed up wallet. The feds would hold a worthless piece of encrypted software at that point.

I have my wallet backed up to numerous locations outside of my own computer. Just because if one fails I'll always have a backup.

[Horn]

Good news!...144,336 Bitcoins taken out of circulation permanently,

They must be too priceless for me to hold,

if they're being funneled to a Cyber Smithsonian somewhere.

[madfranks]

It remains to be seen if the Dread Pirate will be able to transact in prison using BitCoins.

Ha ha, no that does not remain to be seen. Who here thinks that he'll be given a computer with internet access during his stay in prison?

[learn2swim]

Ok, I'm a Bitcoin virgin, and decided to dive in yesterday. I got an account with Virwox.com and bought 50 buck worth of Linden Dollars. Any other recommendations? I'm trying to read up on this stuff, seems like a lot of info. Thanks!

[Ares]

Ok, I'm a Bitcoin virgin, and decided to dive in yesterday. I got an account with Virwox.com and bought 50 buck worth of Linden Dollars. Any other recommendations? I'm trying to read up on this stuff, seems like a lot of info. Thanks!

Linden dollars??

You bought 50 FRN's worth of Bitcoins? Sorry not familiar with Virwox.com. What are you wanting to know? Are you wanting to speculate in the Bitcoin economy? Or buy and hold?

[sirgonzo420]

Ha ha, no that does not remain to be seen. Who here thinks that he'll be given a computer with internet access during his stay in prison?

Too late. FBI has his coins now.... probably the majority if not all.

https://blockchain.info/address/1Ffm...TjJJusN455paPH

144,336.40473652 BTC
or
$ 29,443,183.20

[Ares]

Too late. FBI has his coins now.... probably the majority if not all.

https://blockchain.info/address/1Ffm...TjJJusN455paPH

144,336.40473652 BTC
or
$ 29,443,183.20

I saw that, looks like either he talked, or didn't encrypt his wallet.

[Horn]

I saw that, looks like either he talked, or didn't encrypt his wallet.

How many Bitcoins can fit in a single wallet?

The question of what the government is going to do with its newfound Bitcoin wealth is an interesting one. The FBI filed a civil forfeiture complaint for the Bitcoins and other assets, just as it would in any crime involving property of value. But the agency isn't quite sure what to do with the Bitcoin once the trial is done. "This is kind of new to us," an FBI spokesperson told Forbes. "We will probably just liquidate them." That statement is likely to make some former Silk Road customers want to cry; some had as much as $30,000 sitting on the site at the time it was seized. At least now they have a way to express their aggression.

http://www.theverge.com/2013/10/4/48...llet-silk-road

[Ares]

How many Bitcoins can fit in a single wallet?





http://www.theverge.com/2013/10/4/48...llet-silk-road

The sky is the limit really. There's no limit (that I am aware of) for how many Bitcoins can fit in a single wallet.

[optionT]

I have some of bitcoins over at coinbase.com, which is also a wallet. Should or could I also back them up in another wallet and where?