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Title: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: _smudger_ on July 01, 2014, 08:56:41 PM http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/
Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: hello_good_sir on July 01, 2014, 09:05:07 PM If this bidder paid above market price then he has an incentive to tell us what the price is.
If he paid below market price then he has an incentive to keep the price secret. Losing bidders all have an incentive to keep their bids secret until they can acquire some more bitcoins. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: DeathAndTaxes on July 01, 2014, 09:07:48 PM I heard this lady like to buy up lots of assets ....
http://upload.wikimedia.org/wikipedia/commons/thumb/f/f2/Janet_Yellen_official_portrait.jpg/220px-Janet_Yellen_official_portrait.jpg (No I am not being serious but boy would that be interesting). Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: beetcoin on July 01, 2014, 09:12:30 PM If this bidder paid above market price then he has an incentive to tell us what the price is. If he paid below market price then he has an incentive to keep the price secret. Losing bidders all have an incentive to keep their bids secret until they can acquire some more bitcoins. yeah pretty much.. we've already had a few bidders who went low and ended up losing and posting their numbers though, i think. i think the under-spot bidders can be marked off as people who were just looking to score a few cheap coins and were not really all that serious about putting money into bitcoin though. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: montreal on July 02, 2014, 03:17:29 AM Did not expect the auction to play out like that honestly. But I'm sure a few of the other 44 bidders are still looking to get their fair share of btc soon
Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: mkc on July 02, 2014, 04:18:14 AM This is pretty funny. Good one.
I heard this lady like to buy up lots of assets .... http://upload.wikimedia.org/wikipedia/commons/thumb/f/f2/Janet_Yellen_official_portrait.jpg/220px-Janet_Yellen_official_portrait.jpg (No I am not being serious but boy would that be interesting). Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Cicero2.0 on July 02, 2014, 04:35:24 AM So this is good news I guess? There won't be a bunch of coins flipped for immediate profit by low bidders.
Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Sindelar1938 on July 02, 2014, 04:37:40 AM The auction appears to have been handled professionally with minimum disruption to the market
Let's wait and see if any info about the auction terms leak in coming days Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: DannyElfman on July 02, 2014, 04:39:50 AM If this bidder paid above market price then he has an incentive to tell us what the price is. Why would the losing bidders want to keep their bids secret? All that it would mean is that the price they offered is less then the price paid by the winner. They have even more of a reason to not need to keep their bid secret if they bid below the market price at the time (see above quote)If he paid below market price then he has an incentive to keep the price secret. Losing bidders all have an incentive to keep their bids secret until they can acquire some more bitcoins. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: jbreher on July 02, 2014, 05:41:31 AM Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results.
Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Swordsoffreedom on July 02, 2014, 06:23:14 AM As long as they didn't all agree that one group would make the highest bid then they diversify those coins among them it's all good
That said I really really want to know the price as well and am keeping track This thread as well has all the news so far for those curious http://coinfire.cf/2014/06/30/breaking-usms-auction-winners-notified/ Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: AltcoinAuthority on July 02, 2014, 06:53:52 AM Who Won The Silk Road Bitcoin Auction?? YouTube Video http://s14.postimg.org/eoqo8abkx/Screen_shot_2014_07_02_at_2_52_24_AM.png (https://www.youtube.com/watch?v=2cxsII8KMGI&list=PLiHX2aR3z2KZnUArKkxnm_ReNlSoBrYaB&index=6) Speculation is starting to arise regarding the identity of the sole winner of the 30,000 bitcoin auction that was held by the US Marshals Service. The objective of this auction was to liquidate the bitcoins which were seized from the Silk Road back in October 2013. Who is this mysterious investor that outbid everyone else for $19 million worth of bitcoins? The mere fact that one bidder, out of 42 others who put down a deposit of $200,000, won the entire auction has important ramifications on what’s to come. These bidders who have indicated a clear interest in buying bitcoin in large volumes will now be left to satisfy their demand on the open market. This could lead to a continuation of the uptrend that was started on Monday. However the question still remains: Who is this person that won all 30,000 bitcoins and what will they do with them next? According to the blockchain, the bitcoins have already been transferred and the deal is complete. ... Continue Reading: http://altcoinauthority.com/2014/07/who-won-the-usms-silk-road-bitcoin-auction/ (http://altcoinauthority.com/2014/07/who-won-the-usms-silk-road-bitcoin-auction/) Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Justin00 on July 02, 2014, 07:00:47 AM Where does the USA auction of all the other stuff they sieze ??
like boats, cars etc etc ? I went to a police auction in Aus. It was shit. golf clubs and power tools :( Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: AltcoinAuthority on July 02, 2014, 07:03:46 AM Where does the USA auction of all the other stuff they sieze ?? like boats, cars etc etc ? I went to a police auction in Aus. It was shit. golf clubs and power tools :( This was an exclusive auction it seems.. Bidders were required to put down $200k as a deposit. Doubt you'd see any golf clubs or power tools at this auction :D Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Justin00 on July 02, 2014, 07:05:48 AM sweeeeet jesus 200k deposit!!
Suppose its just a deposit... and I guess if you were going to bid you'd have some big dollars behind you. The hole thing is pretty funny. No doubt USA will ban bitcoins now they have made their $$. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Lethn on July 02, 2014, 07:06:35 AM I bet you it was Max Keiser :P
Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: AltcoinAuthority on July 02, 2014, 07:26:19 AM I bet you it was Max Keiser :P Or the Winkledink's :D Or Satoshi himself!! Or Santa Clause ;) I'm sure we'll never know. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: haploid23 on July 02, 2014, 09:16:43 AM No doubt USA will ban bitcoins now they have made their $$. Is this a trolling statement? Do you realize that USMS and FBI is part of the US government? This sets precedence that bitcoin is allowed to be sold, otherwise it would be very hypocritical of the government. In fact, California has now legalized bitcoin, and I'm pretty sure other states will eventually follow. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: bitkoof on July 02, 2014, 10:57:00 AM Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results. Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting. Was an email statement. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: SweetBits.biz on July 02, 2014, 11:01:20 AM No doubt USA will ban bitcoins now they have made their $$. Is this a trolling statement? Do you realize that USMS and FBI is part of the US government? This sets precedence that bitcoin is allowed to be sold, otherwise it would be very hypocritical of the government. In fact, California has now legalized bitcoin, and I'm pretty sure other states will eventually follow. Colorado has legalized weed.....but it is still illegal federally. So that doesn't mean anything. And you think the US Government is not hypocritical? lol Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: _smudger_ on July 02, 2014, 12:19:05 PM http://venturebeat.com/2014/07/02/someone-just-paid-19m-for-29656-5-bitcoins-seized-by-the-u-s-government/
"Although the exact amount paid by the bidder is unclear, Wired and others estimate that $19 million was paid — an estimate which aligns with the current bitcoin to USD exchange rate." Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: Noruka on July 02, 2014, 12:42:15 PM Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results. Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting. They (US gov) gives the option for the buyer of any of their auctioned off seized or foreclosed properly to remain anonymous they desire. The fact the property which is BTC doesn't make a difference in that, unfortunately. The BTC community would like to have it disclosed, but the gov. could care less. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: DannyElfman on July 03, 2014, 04:34:19 AM http://venturebeat.com/2014/07/02/someone-just-paid-19m-for-29656-5-bitcoins-seized-by-the-u-s-government/ The articles that I have read say that the value of the coins is presently $19 million and the price paid is unclear. "Although the exact amount paid by the bidder is unclear, Wired and others estimate that $19 million was paid — an estimate which aligns with the current bitcoin to USD exchange rate." Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: jbreher on July 03, 2014, 04:35:46 AM Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results. Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting. They (US gov) gives the option for the buyer of any of their auctioned off seized or foreclosed properly to remain anonymous they desire. The fact the property which is BTC doesn't make a difference in that, unfortunately. The BTC community would like to have it disclosed, but the gov. could care less. Well, looks genuine. Story from others is that Tim Draper won the lot. My skepticism was unfounded. Title: Re: US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins Post by: jbreher on July 03, 2014, 04:40:09 AM California has now legalized bitcoin, and I'm pretty sure other states will eventually follow. I seem to be clarifying this over and over. The CA situation is unique. They had an old law on the books that made certain types of payments illegal. Bitcoin just happened to fit in this category. The new law merely exempted Bitcoin from this absurd law. Other states (most? all?) have more reasonable laws, and therefore do not require this exemption. In the united States of america, if something is not explicitly _illegal_, then it is _legal_. IOW, it is perfectly legal on (most? all?) other states without them needing to pass such a law. |
