IRS eyes Bitcoin -- FBI Wallet Pranked -- FBI tries to seize 600,000 Bitcoins
MB
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2013-10-07
·00:04:02
·MadBitcoins
Sponsor MadBitcoins: https://www.bitmit.net/en/q/?q=madbitcoins -- Today's Episode is sponsored by: https://soundcloud.com/DoctorRecommended
October 7, 2013 -- Yokohama, Japan -- Do you..... MadBitcoins? Here are Today's MadBits: Bitcoin prices continue to stabalize in the $120s with a Last of $1...
Summary
Here's a summary of the 2013-10-07 MB episode:
1. Main Topics Discussed:
- Silk Road Meltdown: The episode heavily focuses on the fallout from the seizure of the Silk Road marketplace and its impact on Bitcoin.
- IRS & Government Scrutiny: The hosts predict increased scrutiny and potential regulation of Bitcoin by the IRS and FinSen due to the Silk Road case.
- FBI's Struggle to Seize Bitcoin: The FBI's attempts to seize Bitcoin from the alleged Silk Road founder, Dread Pirate Roberts, and customer funds are discussed, highlighting the difficulty of doing so.
- FBI Wallet Prank: A brief mention of a prank played on an FBI Bitcoin wallet.
- Silk Road Clones: The emergence of new Silk Road clones following the original's shutdown.
2. Key Quotes:
- "It seems inevitable that this episode and all that will follow will embolden the IRS and Fin Sen to target the cryptocurrency. Prepare yourself for Bitcoin regulation."
- "You cannot arrest an idea." (Attributed to a common sentiment)
- "The only way to have a drug-free world is to have a people-free world. And even then, the animals will get stoned."
3. People Mentioned:
- Ross Ulbricht (referred to as "Mr. Olbride" and "Dread Pirate Roberts," the alleged founder of Silk Road)
- Abraham Lincoln (quote attribution)
- Dr. Recommended (sponsor)
4. Bitcoin Price:
- Bitcoin price was stabilizing in the 120s (around $123, with a low of $121).
- Litecoin price was around $203.
People mentioned