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Author Topic: OFFICIAL: "Let's Buy the Silk Road Coins" thread  (Read 726 times)
pirsquared (OP)
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June 12, 2014, 11:15:32 PM
 #1

Someone (-someone-Hamilton) in another thread suggested getting together to buy the SR coins that are to be auctioned off at the end of this month. I propose that we pool our resources, perhaps forming an LLC (I'm no attorney), to grab at least one of those 3000 coin blocks. I'm down for $20,000 (10% of the deposit). I think the market price at the time of the auction will be much lower due to this news. We should be able to get the auctioned coins below market value at the time of the auction.

Please pledge how much you would be willing to contribute to get the coins and what maximum bid value you would approve. No BS answers please. FWIW $1M winning bid = $333.33 / BTC. Think about it.

If you HODL store it CODL!
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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pirsquared (OP)
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June 12, 2014, 11:27:15 PM
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Please go here: https://bitcointalk.org/index.php?topic=650229.0

If you HODL store it CODL!
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June 14, 2014, 03:43:24 AM
 #3

Someone (-someone-Hamilton) in another thread suggested getting together to buy the SR coins that are to be auctioned off at the end of this month. I propose that we pool our resources, perhaps forming an LLC (I'm no attorney), to grab at least one of those 3000 coin blocks. I'm down for $20,000 (10% of the deposit). I think the market price at the time of the auction will be much lower due to this news. We should be able to get the auctioned coins below market value at the time of the auction.

Please pledge how much you would be willing to contribute to get the coins and what maximum bid value you would approve. No BS answers please. FWIW $1M winning bid = $333.33 / BTC. Think about it.

What is your goal in doing this? Are you hoping to support the price of bitcoin? are you trying to profit off of the likely discount that you would receive at an auction?
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