When the FBI took down the Silk Road, they didn't just arrest its owner. They also seized the 26,000 bitcoins that the site controlled at that moment. At the current exchange rates, that's a little over $3.5 million. Over at Forbes, Kashmir Hill reports that they're not entirely sure what to do with all those bitcoins. They'll probably just "liquidate" them.
I have some better ideas.
This isn't the first time Kashmir Hill has written about bitcoins for Forbes. A few months back she performed an experiment where she lived solely off bitcoins for a week. Her food, her rent, her transportation... all paid for in Bitcoins. Based on her writeup of that experience, here are some more interesting things the FBI could do with the seized bitcoins:
- Take James Corney to Berlin for his birthday. Get him really, really drunk.
- House 38 homeless people in San Francisco for four years.
- Support improved Middle East relations by throwing a sushi party and inviting the entire population of Lebanon (Ohio).
- Help reduce global warming by giving everyone in Burbank a bike to ride for one week. Throw the greatest Bike Week 2014 party the LA area has ever seen.
- Solve the legal aid funding crisis.
- A birthday cupcake for every federal inmate. With pink frosting, of course.
- Improve their public image by donating it all to the EFF to push for CFAA reform. (That one doesn't come from Kashmir's article, but seriously, how awesome would that be?).