what international buyers are up against:

"2015330700002101-007-0000, Seized on 10/14/2014; At the port of DENVER, CO; 76 GOLD COLORED TOKENS MARKED "BITCOIN"; 76; EA; Valued at $30,804.32;:

The value of these coins is intrinsic to the materials that they are made from, namely a base metal plated in gold. The government has valued these novelty bitcoins as having a value approximately equal to the current value actual of BTC; nowhere near the real value of the novelty coins, which is about a dollar each. For all intents and purposes, it is perfectly reasonable to assume that these coins are novelties and not backed by any actual BTC value. It is illogical to send physical BTC through the mail when it is far easier to send them through the blockchain, the way they were intended.

The coins were seized under the federal code 18USC981(A)(1)(A), 18USC1960. These are civil asset seizure statues which pertain specifically to money laundering.

https://www.deepdotweb.com/2015/06/15/customs-seizures/


Comments


[6 Points] Throwdrugsandrun:

This is the future sending bitcoin through the mail and drugs through the internet.


[1 Points] otistoole:

haha


[1 Points] 180K:

Wut?


[1 Points] None:

But why was it seized in the first place? I remember that one (clearnet) vendor way back who used to mint physical BTC, and he was forced to stop selling them, is there anything illegal about sending decentralized currency through the mail?

Furthermore, what's the point of physical BTC?


[1 Points] None:

I thought they made coins with paper wallet info that held coin


[1 Points] gwernisthenewpine:

Guys, come on! I'd like to think this community is sharp as a tack, but seriously? Bitcoin is intangible lol. What customs intercepted is no different than tokens spent at your local arcade.. It was a flop bust. My goodness -_-


[0 Points] iamdnm:

well, if you send btc through the mail, you kinda had it waiting for you?