Feds Lose $645 Million on Silk Road Trade \ stacker news ~bitcoin

Feds Lose $645 Million on Silk Road Trade

652 sats \ 16 comments \ @kepford 11 Nov bitcoin

The US Government (administrative state) is not only evil, its also stupid.

On March 14 of 2023 the gov sold 9,861 bitcoin that it had stolen from the Silk Road. At the time this was valued at 215 million dollars. At today's market price those coins are valued at $860,051,175, an increase of 300%.

For every seller there is a buyer. Here's to those bitcoiners that bought those coins.

source

Now, I know 645 million is nothing for the US Federal government.... but still. Its pretty comical. Guys, I don't think you want the government buying bitcoin.... Not if we want the state to go away... May not be a popular opinion but that's fine. Its mine.

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115 sats \ 1 reply \ @SpaceHodler 11 Nov

the gov sold 9,861 bitcoin that it had stolen from the Silk Road

30 sats \ 0 replies \ @kepford OP 11 Nov

Someone asked me yesterday, why is it important that people understand taxation is theft? We need to start at the most base levels if we are to truly understand and communicate the evils of the state. Their very language is full of lies. Their existence is built on lies.

110 sats \ 3 replies \ @grayruby 11 Nov

Pocket change for the government. Didn't they spend 7B to give 0 people internet connectivity or something ridiculous like that?

71 sats \ 1 reply \ @kepford OP 11 Nov

Probably

119 sats \ 0 replies \ @Undisciplined 11 Nov

That feels pretty safe, without even knowing what he's talking about.

83 sats \ 0 replies \ @Bell_curve 11 Nov

Starlink for the win

45 sats \ 0 replies \ @Rothbardian_fanatic 11 Nov

Isn’t that their speciality? Government never makes good moves, especially communist inspired governments. They just cannot do it. Making a proper trade is like making a proper meme, the left just can’t do it.