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ArticMine (OP)
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June 28, 2014, 10:05:52 PM
 #1
http://newsbtc.com/2014/06/28/barry-silbert-releases-results-bidding-syndicate-us-marshals-bitcoin-auction/

The syndicate that Barry Silbert put together put bids for a total of 48,013 BTC. Hmm ...
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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June 28, 2014, 10:20:00 PM
 #2
Note to everyone: this are not US Marshals Auction bid details, these are bid details of only SecondMarket syndicate auction.
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June 28, 2014, 10:21:46 PM
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Quote from: ArticMine on June 28, 2014, 10:05:52 PM
http://newsbtc.com/2014/06/28/barry-silbert-releases-results-bidding-syndicate-us-marshals-bitcoin-auction/

The syndicate that Barry Silbert put together put bids for a total of 48,013 BTC. Hmm ...

I thought the bids were on lots of 3,000 bitcoins. The article states: "186 bids received and a bitcoin quantity bid of 48,013."

That doesn't make sense
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June 28, 2014, 10:23:36 PM
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This just in, SR auction coins sold for an average of $789 each!!  BUY, BUY, BUY!!
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June 28, 2014, 10:27:41 PM
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Quote from: Torque on June 28, 2014, 10:23:36 PM
This just in, SR auction coins sold for an average of $789 each!!  BUY, BUY, BUY!!

Source?
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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June 28, 2014, 10:42:05 PM
 #6
Quote from: stan.distortion on June 28, 2014, 10:33:46 PM
...  everyone knows they only made $333 Wink

Source?
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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June 28, 2014, 10:46:17 PM
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Quote from: bitcoin_bagholder on June 28, 2014, 10:21:46 PM
Quote from: ArticMine on June 28, 2014, 10:05:52 PM
http://newsbtc.com/2014/06/28/barry-silbert-releases-results-bidding-syndicate-us-marshals-bitcoin-auction/

The syndicate that Barry Silbert put together put bids for a total of 48,013 BTC. Hmm ...

I thought the bids were on lots of 3,000 bitcoins. The article states: "186 bids received and a bitcoin quantity bid of 48,013."

That doesn't make sense

http://www.reddit.com/r/Bitcoin/comments/29c4dy/twitter_barrysilbert_42_bidders_with_offers_for/cijhl2l
[–]lifeboatz 21 puntos 3 hours ago
Second Market had a syndicate to combine smaller bids into bigger bids. They received 186 bids from 42 bidders. And those bids accounted for 48,013 BTC being bid on (only about 30K BTC were available).
Barry sorts these mini-bids, and takes the highest 3K BTC worth, and places one bid in the USMS auction. Then takes the second highest 3K BTC worth, and places another bid, and so on.
That means he had 16 bids. Only 10 could win. And those 10 go against other major bidders in the REAL auction.
Sorry for my bad english Wink
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June 28, 2014, 11:35:35 PM
 #8
Quote from: stan.distortion on June 28, 2014, 10:46:03 PM
Y'all should start a bunghole newswire service.
Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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