Post
Topic
Board Bitcoin Discussion
Re: Good news from USA and Japan.
by
GreenBits
on 16/12/2017, 13:57:00 UTC
Usa is selling seized Bitcoins money and converting it back to usd, this shows they are interested in the coin and will be happy to allow price hikes happen cause they'll profit a lot from sales. I feel usa shall sooner or later back Bitcoins indirectly.

https://arstechnica.com/tech-policy/2017/12/feds-moving-quickly-to-cash-in-on-seized-bitcoin-now-worth-8-4-million/?amp=1


This is the opposite of good to me. The United States gov is interested in value, period. Notice they arent keeping the bitcoin as a speculative hold, they are liquidating it. Just like they would any other seized asset.

I have huge issues with the way that the US takes property from suspected criminals, so I can see the potential for abuse here (lets go after someone we normally would not prosecute, because they are bitcoin rich). This also should correlate with increased scrutiny from the IRS (as apparently they are paying attention).


Quote
Quote
While a Japanese company has decided to pay part salary in Bitcoins, now how many of us wish we're part of that company don't we? Their motto to spread Bitcoins and gain more knowledge on its working that's good right for the crypto king.

https://amp.theguardian.com/technology/2017/dec/15/japanese-company-paying-employees-bitcoin

Not mad at this, but have seen the dangers of taking a bitcoin salary in a serious downturn. You need to be able to trade in order to do this, so the average Joe will lose value, and we all have bills to pay.