04 Oct '13, 9pm

The Magic of Bitcoin Turns FBI's Seized Booty Into Government Protest

In the past, citizens would take to the streets to protest the government. Now, they take to the bitcoin block chain. Photo: Steve Rhodes /Flickr The FBI seized over $3.3 million in digital currency after busting up the online drug marker known as The Silk Road, and on Friday morning, someone spotted what is likely the online address where the feds are keeping all that money. The seized funds are in the form of bitcoins, the world’s most popular digital currency, and bitcoin addresses are public things. You can’t take the money, but you can see it. That someone then started broadcasting the address on the popular discussion website Reddit. And pretty soon, the address turned into something else. You see, anyone can transfer money into a public bitcoin address, and when you transfer, you can post a message that’s as public as the transaction. Within hours of the address bei...

Full article: http://www.wired.com/wiredenterprise/2013/10/bitcoin-addres/

Tweets

The FBI seized over $3.3M in bitcoin and unleas...

wired.com 06 Oct '13, 1am

In the past, citizens would take to the streets to protest the government. Now, they take to the bitcoin block chain. Phot...

The magic of bitcoin turns the FBI’s seized boo...

wired.com 07 Oct '13, 7am

In the past, citizens would take to the streets to protest the government. Now, they take to the bitcoin block chain. Phot...

messages

Blockchain.info 04 Oct '13, 8pm

DigitalCoin (DGC) and SecureCoin (SRC) are the way forward. The transactions process much faster than Bitcoin. SecureCoin ...

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#bitcoin

#bitcoin

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