07 Oct '13, 7am

The magic of bitcoin turns the FBI’s seized booty into a 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 market 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-addr...

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