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Comment: Re:Well (Score 2) 162

by Paul King (#45244909) Attached to: FBI Seized 144,000 Bitcoins ($28.5 Million) From Silk Road Bust

Well previously they had said they would cash them in (http://www.forbes.com/sites/kashmirhill/2013/10/04/fbi-silk-road-bitcoin-seizure/) in.

I don't see anything in doing that about legitimizing them, as far as I am aware the FBI don't contend them to be illegal anyway.

I doubt the FBI is worried about them accidentally revealing their own address, in fact if anyone wants to decide that makes someone dealing with them tainted, then they could of course leverage that, pay for a VPN account with every provider you don't currently have some snooping deal with, thus driving people to the ones you do have influence with.

Comment: Re:Well (Score 5, Informative) 162

by Paul King (#45244431) Attached to: FBI Seized 144,000 Bitcoins ($28.5 Million) From Silk Road Bust

...but if they have the account credentials they can simply transfer all the bitcoins to a new holding account to which they have the only credentials.

Which is exactly what the article suggests they've done:

"The FBI official pointed me towards this Bitcoin address, which according to the public Bitcoin transaction record known as the “blockchain” received transfers of close to 144,000 in just the last 24 hours. “They finished moving them at 3am this morning,” said the official."

Comment: Re:Here is my question.... (Score 3, Interesting) 162

by Paul King (#45244427) Attached to: FBI Seized 144,000 Bitcoins ($28.5 Million) From Silk Road Bust

The article states:

"The FBI official pointed me towards this Bitcoin address, which according to the public Bitcoin transaction record known as the “blockchain” received transfers of close to 144,000 in just the last 24 hours. “They finished moving them at 3am this morning,” said the official."

So no, they have already "spent" them by transferring them to another address. If they've already been spent then Bitcoin shouldn''t allow them to spent again from a "backup", otherwise it'd be worthless as a currency, you buy X from me with the coins, I send you X, then you can spend them again rom this backup depriving me of the value.

Comment: Re:Killer App? Really? (Score 2) 134

by Paul King (#44817037) Attached to: PS Vita TV's Killer App: Remote Play

Your PSP has no screen, plays output on the TV, uses a separate controller and cost $100 when released?

I think that's really part of the point, the remote play in and of itself may not be new, but the way it'll work and enable the Vita TV to be used to play PS4 games on any TV in your house, is the new twist. The article sees that as the more compelling use than playing Vita games on the TV.

"If you want to eat hippopatomus, you've got to pay the freight." -- attributed to an IBM guy, about why IBM software uses so much memory

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