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Someone found the FBI's Bitcoin wallet and now people are sending

When the FBI seize took control of the digital black market Silk Road, it also seized control of a bunch of money: about 26, 000 bitcoins, a virtual currency that approximates cash on the internet. Bitcoins are worth about $122 each, which means the government is sitting on a pretty pile of cash. So why are enraged users sending the federal agency Bitcoin donations?

It's possible to attach text to Bitcoin transactions using the site Blockchain.info, where messages are streamed for the public to view. It's not hard to locate a single wallet with so many coins, and someone has already renamed the FBI's wallet "Silkroad Seized Coins." Users are now sending microdonations ranging from .000001 BTC to .0001 BTC, which are worth fractions of a penny, but really serve as the vehicle for messages.

"Prohibition doesn't work. Stop ruining peoples' lives."

In the wake of the Silk Road closure and the arrest of Ross Ulbricht, the man accused of running the site, people have a lot to say. The messages contain gems such as, "Prohibition doesn't work. Stop ruining peoples' lives, " and "Members of the FBI, are you more interested in control or in justice?" One user sent along a link to this sassy picture of Xhibit. Others were more specific: "Hey computer geek, who control this address. Ross Ulbricht is not the bad guy, you are a bad guy."

Attaching a message to a Bitcoin transaction as a political statement is actually tradition. Using a different method, the creator of Bitcoin embedded a cryptic message to the very first bitcoins: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." That message is now stored forever in the blockchain, the public history of all transactions done in Bitcoin. The text, a news headline, has been interpreted as a political statement as well as a timestamp.

Source: www.theverge.com June 3, 2014 – 06:03

The Critics Say Bitcoin is Doomed

2013-11-21 10:03:21 by Bitcoin_Fan

Here's What They're Missing
The encrypted online currency known as bitcoin made another step into the mainstream recently when the Vancouver-based company Bitcoiniacs installed the world’s first bitcoin ATM. The ATM takes cash and converts it into its current value in bitcoin, depositing the coin into the user’s virtual wallet. Reporters and residents gathered around to view it, as one reporter writes, “like the monolith in 2001: A Space Odyssey.”
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Those looking for a cheaper method to transfer money should start downloading their wallets now.

"Mt. Gox Temporarily Pauses Bitcoin Withdrawals"

2014-02-06 23:23:27 by 20-minutes-ago

Mt.Gox: is blown.
"Mt. Gox Temporarily Pauses Bitcoin WithdrawalsPosted 20 minutes ago by Catherine Shu (@catherineshu)
"The statement posted on Mt. Gox, one of the world’s largest Bitcoin exchanges, reads:
"During our efforts to resolve the issue being encountered by some bitcoin withdrawals it was determined that the increase in withdrawal traffic is hindering our efforts on a technical level. As to get a better look at the process the system needs to be in a static state.
"In order for our team to resolve the withdrawal issue it is necessary to temporarily pause all withdrawal traffic to obtain a clear technical view of the current processes

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