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Re:For Sale: 50,000 Bitcoins by whyenot on Monday November 17, 2014 @03:09PM (#8620195)
Everyone seems to be going off on a tangent about civil forfeiture. From the order: http://www.usmarshals.gov/assets/2014/dpr-bitcoins/order.pdf

WHEREAS, the Government and Ulbricht agree that, due to the volatile market for bitcoins, the Computer Hardware Bitcoins risk losing value during the pendency of the forfeiture proceedings;

WHEREAS, the Government and Ulbricht agree that the Computer Hardware Bitcoins are to be liquidated or sold by the Government before the conclusion of the forfeiture proceedings, with the net proceeds of the sale to be held as substitute res pending further order of this Court;

Re:For Sale: 50,000 Bitcoins by stronglikedan on Monday November 17, 2014 @03:14PM (#8620235)
So basically, put the current value of the coins in escrow, instead of the coins themselves, in case they drop in value dramatically over time. Makes sense to me.
Re:For Sale: 50,000 Bitcoins by duskwuff on Monday November 17, 2014 @06:52PM (#8621583)
Tangent: Does anyone know if it's standard practice for these sorts of arrangements to be made if other goods become part of forfeiture proceedings? (For instance, shares of a volatile mutual fund. Or, to take it out of the financial realm entirely, a truckload of perishable vegetables.)
Re:For Sale: 50,000 Bitcoins by jnaglick on Monday November 17, 2014 @07:29PM (#8621748)
I would guess that there has never been a case of a criminal investing their ill-gotten gains into "a truckload of perishable vegetables."
Re:For Sale: 50,000 Bitcoins by GabrielF00 on Monday November 17, 2014 @09:35PM (#8622098)
While not really an analogue, there is the delightfully-named United States v. Approximately 64,695 Pounds of Shark Fins.

https://en.wikipedia.org/wiki/United_States_v._Approximately...

Re:For Sale: 50,000 Bitcoins by rsynnott on Tuesday November 18, 2014 @08:33AM (#8623774)
http://www.independent.ie/irish-news/courts/garlic-man-begle...

Massive tax fraud case involving Secret Garlic; it happens :)

Re:For Sale: 50,000 Bitcoins by einrealist on Monday November 17, 2014 @09:58PM (#8622154)
If the prosecution loses the case, it can be held liable in a civil case to losses the defendant made. So this is just an agreement between both sides to lower that risk and which does change nothing related to the case (so the judge will agree too). I guess, if there are no objections (even from a third party), this makes totally sense for anything else, too.
Re:For Sale: 50,000 Bitcoins by mod on Monday November 17, 2014 @03:34PM (#8620356)
@kordless:

It says they agree. Doesn't sound forced.

Re:For Sale: 50,000 Bitcoins by scotty79 on Monday November 17, 2014 @06:29PM (#8621463)
Maybe it's one of those things that should not be allowed even if people agree to it.
Re:For Sale: 50,000 Bitcoins by tedunangst on Monday November 17, 2014 @07:55PM (#8621830)
What is? Selling bitcoins should not be allowed?
Re:For Sale: 50,000 Bitcoins by scotty79 on Sunday November 23, 2014 @12:57PM (#8649344)
government selling your stuff even if you signed paper saying that you agree to it

every agreement you signed with government should be implicitly treated as coerced

Re:For Sale: 50,000 Bitcoins by Alupis on Monday November 17, 2014 @05:51PM (#8621255)
they could also possibly go up in value.

does the government do the same with securities/stock owned too?

Re:For Sale: 50,000 Bitcoins by tedunangst on Monday November 17, 2014 @07:56PM (#8621832)
The Marshals Service manages various types of assets, including real estate, vehicles, commercial businesses, cash, financial instruments, jewelry, art, antiques, collectibles, vessels and aircraft.

The agency uses practices from private industry to ensure that assets are managed and sold in an efficient and cost-effective manner.

http://www.usmarshals.gov/assets/

Re:For Sale: 50,000 Bitcoins by kordless on Monday November 17, 2014 @03:33PM (#8620350)
A forced sale of an asset is NOT the same as putting it into escrow.
Re:For Sale: 50,000 Bitcoins by EpicEng on Monday November 17, 2014 @04:17PM (#8620643)
What text on that excerpt leads you to believe this was forced?
Re:For Sale: 50,000 Bitcoins by sneak on Monday November 17, 2014 @04:58PM (#8620920)
The "US Marshalls" part.
Re:For Sale: 50,000 Bitcoins by nemo on Monday November 17, 2014 @05:56PM (#8621280)
You missed the "Government and Ulbricht agree" part.
Re:For Sale: 50,000 Bitcoins by CamperBob2 on Monday November 17, 2014 @08:25PM (#8621922)
Sounds like 3 wolves and a sheep agreeing on lunch plans.
Re:For Sale: 50,000 Bitcoins by EpicEng on Monday November 17, 2014 @06:12PM (#8621358)
So, in other words, only your own biases and preconceived notions.

Edit: I'd be curious to hear the side of you down voters. Do you have a legitimate gripe with the accuracy of what i said, or do you just blindly believe that everything the government does is evil?

Re:For Sale: 50,000 Bitcoins by virtue3 on Monday November 17, 2014 @08:34PM (#8621944)
So, in other words, only _your_ _own_ biases and preconceived notions. Edit: I'd be curious to hear the side of you down voters. Do you have a legitimate gripe with the accuracy of what i said, or do you just blindly believe that everything the government does is _for_the_greater_good_?

Your argument is just shallow and not very constructive and having it reversed should make that somewhat apparent.

Personally, the general consensus around these parts is that DPR was brought down with illegal methods by the FBI and then having the actual disclosure being horse shit (aka parallel construction). So yes, blindly trusting that the government is doing anything in good faith around this case is going to be pretty rare.

Re:For Sale: 50,000 Bitcoins by chc on Monday November 17, 2014 @09:30PM (#8622082)
To recap: Kordless suggested that the sale was forced. EpicEng asked what indicated that it was forced. Sneak replied that "the 'US Marshalls' part" indicated that it was forced. EpicEng correctly noted that this does not strongly indicate that it was forced, and that to assume so based on the fact that the US Marshalls are involved is evidence of bias.

To further recap: EpicEng did not suggest that "everything the government does is for the greater good," nor did EpicEng even say that the sale was not forced — only that we don't have a compelling reason to believe it was.

Since EpicEng is merely asking for rational thought, I don't see how this can possibly be evidence of EpicEng's biases and preconceived notions.

As a side note, your phrasing here suggests that the only alternatives in your mind are "blindly trust the government" and "blindly accuse everyone involved with the government of any wrongdoing possible," which are both irrational positions. We can consider whether the government is doing something wrong without jumping to conclusions as the people EpicEng was replying to seemed to do.

Re:For Sale: 50,000 Bitcoins by saraid216 on Tuesday November 18, 2014 @04:36AM (#8623125)
It's nice to know that "the general consensus" is an arbiter of logic and reason now and anyone who does not conform to this opinion is on the other side of a false dichotomy who must be shown the error of their ways.
Re:For Sale: 50,000 Bitcoins by paulsutter on Monday November 17, 2014 @11:30PM (#8622372)
The IRS will go after him for capital gains tax after the sale. The document makes no mention of a provision for him to pay his taxes due from the proceeds of the sale.
Re:For Sale: 50,000 Bitcoins by leogiertz on Tuesday November 18, 2014 @06:13AM (#8623411)
Wouldn't that be good though? Then he's free to buy property and other things with his "laundered" money if he's cleared from any wrongdoing.

It's not that easy to convert a large amount of bitcoins into money that you can use effectively.

Re:For Sale: 50,000 Bitcoins by bengali3 on Tuesday November 18, 2014 @07:05PM (#8627266)
IANACPA I believe that's a nice advantage of bitcoin? I would think individuals could fly to the caymans to cash out and avoid tax?