[2014-01-16] The Feds Are Ready To Sell $25 Million of Bitcoin Seized From S.R.

[Weioo]

http://www.forbes.com/sites/kashmirhill/2014/01/16/the-feds-are-ready-to-sell-the-silk-road-bitcoin-kind-of/

Think they will be careful and sell to private bidders to keep the market stable, or somehow dump on the market with carelessness?

On the other hand, Kashmir may be a bit biased and against Bitcoin considering other articles I've read from her...Just my 2 cents.

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[hacknoid]

I would think they are obliged to sell all seized assets by government auction.  At least, that's how it works in Canada.  Isn't it the same in the US?

[El Dude]

 Kashmir is actually a very good journalist.

[TDB]

I would think they are obliged to sell all seized assets by government auction.  At least, that's how it works in Canada.  Isn't it the same in the US?

By government auction do you mean to the general public via setting up an online exchange sort of? Or selling it to banks or investment firms on wallstreet?

[markn]

I would think they are obliged to sell all seized assets by government auction.  At least, that's how it works in Canada.  Isn't it the same in the US?

By government auction do you mean to the general public via setting up an online exchange sort of? Or selling it to banks or investment firms on wallstreet?

it will be the same as selling Madoff's shoes and furniture or stolen cars
there will be auction and everybody can participate. however they can decide to sell it by thousands or something and I think not many people like me or you are eager to buy thousand btc for this price.

[TDB]

They don't have online auctions do they? I doubt they do, but it seems ridiculous to have a non online auction for bitcoins, maybe I'm wrong.

[dave111223]

I would think it would go on auction as a single lot, in the same way as a car, a boat or a house that has been seized/auctioned.

Someone with deep pockets could get a really good deal.

[Bit_Happy]

...Someone with deep pockets could get a really good deal.

*The FBI is not liable if the private keys fail to work or the wallet is corrupted.................  lol?

[freedomno1]

Wants in
Though I guess those coins have Cooties all over them