Australia's largest stock trading and investment forum Australia's #1 stock forum

BTC

Click for more information

0.00%

0.0000 bitcoin

Crime and Bitcoin availability and other things, page-2

First 2 Last

Share
Profile

Follow
gannet54

315 Posts.

15

08/06/21

16:46

Post #: 53721126
Share

Originally posted by J.S.Mill: ↑

It is known that bitcoin is being used by criminals. For example ransomware.
Im wondering what effect the capture of criminals will have on the legal bitcoin market. It's normally the case that any assets are taken by the State . Ok, it would mean the crims being forced to give up their key ..... but if that means 10 years less jail then many would do so. Especially if they refuse and lose the ill-gotten gains as soon as they leave jail.
So .... thousands of bitcoin disappear from usage when criminals are caught. Does this impact the price ?

I guess it's similar to the situation where a holder forgets or loses the key or dies ....

There must be a finite market of bitcoin buyers. ... There's only one Elon Musk after all. Sooner or later everyone that wants a bitcoin will have one. And then ????

Expand

Your questions are in the process of being answered today with the revelation that the FBI seemingly has easy access to Bitcoin assets of alleged criminals. Gold is looking good!

Price at posting: 0.0000 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

There are more pages in this discussion • 9 more messages in this thread...

First 2 Last

Add BTC (FOREX) to my watchlist