Bitcoin Forum

Bitcoin, the most popular cryptocurrency, which was created by Satoshi
Nakamoto, may again appear in the headlines when 24,500 BTC (about $9.4
million when it was taken from him) will get auctioned in Australia. Also,
there might also be an auction of Bitcoins seized from the users of the
former Bitcoin black market, Silk Road.

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Read full article: http://dailysatoshi.com/2014/11/under-hammer/

These are not "his" coins. This article is very poorly written.

agreed... the creator of the coin does not own all coins lol.

This article is just rubbish! This is basically what is says;

The Australian government has taken 24 500 bitcoins for the creator, Satoshi nakamoto.
How did they take them? They took them from Richard Pollard.

It doesn't make any sense. This article really sucks.

Edit:
...    .... ...    ...WHAT THE FU-

I'm an Australian and no one I know uses Bitcoin except me.

This writer is a retard. He probably doesn't even understand cryptocurrency at all.

Satoshi should send him an email back saying he's got a million btc from the genesis block onwards so he can spend 24,500 btc on a blowjob and some   lunch..... :)

I heard Satoshi was a genderless Reptillian High Lord from the Andromeda Galaxy, so he doesn't have penis and therefore cannot receive a blowjob.

I heard satoshi has a 14" cock and stones like trombones.... Only one of us can be right son..... :)

LOL they where taken from him. :) Sure they where.  ;)

Sign me up, LOL  :D

All your bitcoins are belong to Satoshi!  ;D ;D ;D

OP, you should learn about the knowledge of bitcoin before posting anything to public. But you accounts seem not newbie.

A lot of garbage coin sites full of crap articles popping up lately.

I mean just look at their about use page: http://dailysatoshi.com/about-us/

It's like im reading nothing. The article lacks a certain grammar level of im severly retarded.

This is a 9 out of 10 in the douchey article stakes...sad write up

If you want to keep people on your site, then please do something about the person that is writing the articles.

Let some one else proofread everything before publishing, that would also help.

Dude, that's one shitty article tbh, and really badly written. You need to change things around.

Yea a Lot of SHIT news sites are coming out of nowhere...So annoying.

Satochi's coins ? you mean Bitcoin in general ?  :-\ I didn't get it . if you speak about his coins which he mined or about Bitcoin in general.

I also have some of Satoshi's coins.  8)   :D

This seems to be the trend among various "news" publications that write about bitcoin, although this article is exceptionally badly written.

I think people are trying to make money from advertising so they will accept anyone to write for them so they can get a catchy headline, as many people will not go directly to a website for their bitcoin related news (as they would go to CNN or foxnews for "MSM" news) but would rather use services like zero block or google news to find news

Is it just me or does the article give you brain damage?

Pretty badly written.

But those probably aren't "his" coins.

Terrible syntax agreed but the main jist of it is understood.

Seems like a big auction, get ready for a price shift, hopefully up!

Hopeful it's not a bust. I could really do a price jump at the moment.

I am quite sure anyone holding bitcoin could really do with a price jump at the moment, including me! Let's all use the currency and force it up :)

Well I would say that the credibility of the article goes out the window after someone reads the first paragraph when it say's that satoshi's bitcoin was taken therefore most people would stop reading and never get to see what the article is even saying

Hey guys I've just returned from some time away and read this article. This isn't up to our standards (Sure some of our content isn't perfect but we at least fact check it) and I'm going to be removing it from our site. Thank you all for your feedback.

Also we are less about making ad money and more about bringing good content. Hence why I'm going to be reviewing the article with daily satoshis Cheif Editor to make sure nothing like this ever makes it onto our site again.

Well if everyone remembers that the Federal Marshall's auction coins apparently sold at premium over spot, despite FUD, then it should move up.

In case anyone is wondering WTF the article is referring to, it's this - a story which was reported two weeks ago.

http://www.smh.com.au/technology/technology-news/australian-authorities-sitting-on-96-million-worth-of-bitcoins-confiscated-from-silk-road-drug-dealer-20141031-11ewk4.html

http://www.coindesk.com/australian-government-soon-hold-9-million-bitcoin-auction/

Why do you way the coins from the first SR auction were sold at a premium? The price was never disclosed and it can only be speculated as to what price they were sold at.

although the dynamics of such an auction would indicate that they would sell at a discount due to the limited number of potential participants and requirement to buy a large amount

An exchange or a whale like Richard Branson etc could have taken the lot in one bite to make a profit later

The winklevoss brothers could have taken a loan from their dad to buy them

A hedge fund or venture capital firm could have swallowed the lot

Too many possibilities........

You have listed 3 potential participants of the auction. If they are the only people buying then they would have little reason to want to pay the going market price because they do not need to compete with other market participants.

You think there's only 3 rich people/organisations in the world who could  take a large chunk of coins privately ?

well this article gained the attention of the users  ;D