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Author Topic: Seized coins sale  (Read 4971 times)
Chronikka
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April 20, 2014, 04:39:25 AM
 #41

Do they even have the private keys for the addresses? I thought that the .gov had not recovered those. If they don't have them, they won't be selling...

Yes, they've already moved them to another address.

1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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bryant.coleman
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April 20, 2014, 05:12:28 AM
 #42


Quite funny... to watch all those people begging.

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April 20, 2014, 05:31:58 AM
 #43

The two addresses in question are the two addresses that are owned by and set up by the FBI.  As they found BTC they transferred them to these two addresses that they control.  I do not know exactly how they found/got the BTC to transfer them, but the fact remains that they control the two addresses:

https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

about $15,167,478.74 (when I posted this) from the Silk Road web site/server.

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

about $73,816,259.11 (when I posted this) from DPR himself.

They have permission from the courts to auction off the smaller amount - the amount they took from the silk road server.  The larger amount is tied up because DPR has claimed ownership of them.

They have auctions all the time.  They know how to auction off seized property.  They have web sites for exactly that purpose.  That is what they know how to do so that is what they will do.  We just need to monitor the various goobermint web sites used to auction off seized property and bid on the BTC when they come up for auction.





Unless they some how manage to lose the private keys, which is totally possible for them to do, then they are SOL.

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April 23, 2014, 07:36:09 AM
 #44

Yes. Jurisdiction is a complex issue in cases like this, but the US government has jurisdiction over things occurring within their borders.

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April 23, 2014, 03:09:30 PM
 #45

one company (I think Australian?) offered to buy them at a 15% discount already, which is sick because its easy to sell them at 10% premiums.  if I had the capital I'd put in a bid.

And any company/person buying them will not be punting them to kill the market, that would make no sense.




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bryant.coleman
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April 23, 2014, 05:06:13 PM
 #46

one company (I think Australian?) offered to buy them at a 15% discount already, which is sick because its easy to sell them at 10% premiums.  if I had the capital I'd put in a bid.

Talking about this?

I saw this article a little while back, don't know if there has been any developments, but I doubt they would just dump their coins...

http://www.businessinsider.com/falcon-global-capital-offers-to-buy-the-fbis-bitcoins-2014-2

It  was just a rumor.... nothing serious.
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April 23, 2014, 06:08:19 PM
 #47

Nothing will happen, if they decide to do they wont sell it for cheap, and they won't sell it on one day. Or they will use it to trade on some other "shady' sites and trap users......
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April 23, 2014, 06:33:26 PM
 #48

Nothing will happen, if they decide to do they wont sell it for cheap, and they won't sell it on one day. Or they will use it to trade on some other "shady' sites and trap users......

Hmm... they can sell it in just one day, using a private auction. There is a lot of demand for cheap Bitcoins. But still I would be expecting a steep discount, ranging from 10% to 20%.
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April 23, 2014, 06:44:07 PM
 #49

Nothing will happen, if they decide to do they wont sell it for cheap, and they won't sell it on one day. Or they will use it to trade on some other "shady' sites and trap users......

Hmm... they can sell it in just one day, using a private auction. There is a lot of demand for cheap Bitcoins. But still I would be expecting a steep discount, ranging from 10% to 20%.

I don't remember how much did MtGOx took for transaction but the question is why would you risk all if you are going to sell it for 10-20% of the current price?  Then can sit on them for months and sell 1-2% each day. 2000Btc isn't that much.
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April 23, 2014, 07:04:47 PM
 #50

Nothing will happen, if they decide to do they wont sell it for cheap, and they won't sell it on one day. Or they will use it to trade on some other "shady' sites and trap users......

Hmm... they can sell it in just one day, using a private auction. There is a lot of demand for cheap Bitcoins. But still I would be expecting a steep discount, ranging from 10% to 20%.
Why do you expect them to sell at a discount?  In a well advertised auction they could go for a premium even.  It just depends on how many people are bidding and how emotional they get - just like any other public auction.

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April 23, 2014, 07:17:31 PM
 #51

I don't see this happening unless they could make a good profit or it was an attempt to damage BTC's credibility.
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April 23, 2014, 07:28:35 PM
 #52

I imagine the auction winners will be known publicly.  This might be the largest amount of coins with a known owner, besides Satoshi.

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April 23, 2014, 08:21:38 PM
 #53

I imagine the auction winners will be known publicly.  This might be the largest amount of coins with a known owner, besides Satoshi.

The purchase will almost certainly be made by an investor/company who has plans for the coins. Which means ultimately they will be brought into circulation again. A very good thing.

I doubt anybody is going to buy that many coins to sit on them for years.

"The true sign of intelligence is not knowledge but imagination"  -Albert Einstein
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April 24, 2014, 02:16:31 PM
 #54

I imagine the auction winners will be known publicly.  This might be the largest amount of coins with a known owner, besides Satoshi.

lol... the biggest holder of Bitcoins right now is the Mt Gox thief.

Check this:

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April 24, 2014, 02:35:01 PM
 #55

what the...  Shocked Angry
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April 25, 2014, 11:41:08 AM
 #56

we are doomed Cheesy

hope not lol

There are other coins to take BTC place Smiley

They are all dependend on the btc price
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April 25, 2014, 11:41:29 AM
 #57

I imagine the auction winners will be known publicly.  This might be the largest amount of coins with a known owner, besides Satoshi.

lol... the biggest holder of Bitcoins right now is the Mt Gox thief.

Check this:


But bad thing now very big quantity is not in circulation just because of this bitcoin going down badly

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April 25, 2014, 11:45:00 AM
 #58

I imagine the auction winners will be known publicly.  This might be the largest amount of coins with a known owner, besides Satoshi.

lol... the biggest holder of Bitcoins right now is the Mt Gox thief.

Check this:

https://i.imgur.com/N7TAUpJ.png

Fake screen
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April 25, 2014, 12:50:23 PM
 #59

looks like scam
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April 25, 2014, 01:59:08 PM
 #60

we are doomed Cheesy

hope not lol

There are other coins to take BTC place Smiley

Other coins?  what coins could take over BTC place? I personally don't know any.
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