US Marshall's Bitcoin Auction Results

[RiverBoatBTC]

Its true
http://www.chicagotribune.com/business/breaking/sns-rt-us-usa-bitcoin-20140701,0,4038036.story

[EcuaMobi]

 

Tim Draper?

https://medium.com/@vaurum/tim-draper-wins-govt-auction-partners-with-vaurum-to-provide-bitcoin-liquidity-in-emerging-markets-88f04a1d8598

And the winner is...@TimDraper. Well done, Tim. Don't go spending all your bitcoin in one place. But if you do...https://t.co/JprUxGrxFs

https://twitter.com/barrysilbert/status/484316340992241665

I wonder what the price was!

[boumalo]

Its true
http://www.chicagotribune.com/business/breaking/sns-rt-us-usa-bitcoin-20140701,0,4038036.story

It is great they want to spread the bitcoins and sell them for a profit

Their point is excellent : having bitcoins is protecting itself against weakening governement currencies

[kolloh]

Part of the mystery is now solved. Now to just determine if it was above/under market price. Doesn't make much sense to bid above market price but it does sort of seem like it was.

[ljudotina]

It is possible that it was bought above current (at the time) price, as BTC marketplace is pretty thin when it gets to large amounts of BTC. If someone bought that much BTC in a single sweep, he would spend ALOT more than current price (at the time) as market is thin and he would raise price for 100-200$ if not even more.
So basicly, if you are that someone and you want to buy large amount of BTC, it would pay off to pay above price on that auction as this is still less than you would pay on exchanges.

[DannyElfman]

Tim Draper?

https://medium.com/@vaurum/tim-draper-wins-govt-auction-partners-with-vaurum-to-provide-bitcoin-liquidity-in-emerging-markets-88f04a1d8598

Well it is good to know that someone bought all those coins so they could help spread bitcoin to places that really need it.

[pm120]

Why are most of the losers keeping quiet about what price they bid at?

[LostDutchman]

Why are most of the losers keeping quiet about what price they bid at?

The don't want to look foolish?

[boumalo]

Why are most of the losers keeping quiet about what price they bid at?

The don't want to look foolish?

They will be back when the price goes down 20-30$

When it goes up to 3000$ then down to 2200$ they will still stay "I told you so, it is going down and it is a bubble"

[grue]

Bitcoin prices were up 3.1 percent Friday at $597.41 per coin, according to the digital currency exchange CoinDesk.

*facepalm*

[JorgeStolfi]

Do we know the price paid in any  "private" (over-the-counter, off-exchange) bitcoins-for-cash transaction that is relatively recent and substantial (say, a couple thousand BTC) ?

It is often debated whether such transactions occur above or below the current market price seen on the exchanges.  It would be nice to know at least one example.

[CEG5952]

Why are most of the losers keeping quiet about what price they bid at?

The don't want to look foolish?

Perhaps. But I also figured many of the prominent bidders already had considerable skin in this game. It would be in their interest, perhaps, to give the impression that the winning bids were considerably higher than theirs. Speculators gonna speculate.

[BurtW]

Just got this back from my FOIA request

Dear Requester:

                The United States Marshals Service is in receipt of your Freedom of Information/Privacy Act request for records maintained by this Bureau.  We have commenced a search for documents responsive to your request and will contact you when our processing is complete.

                Although we are unable to determine at this time the amount of fees to be charged to you, if any, the filing of your request constitutes your agreement to pay all applicable fees that may be charged under 28 C.F.R. § 16.11 or § 16.49, up to $25.00.  You will be notified as soon as practicable if the estimated or actual fee for satisfying your request exceeds $25.00.

                If you should have any questions, please contact us at (xxx) xxx-xxxx.

                                                                                                                   Sincerely,



                                                                                                                   William E. Bordley
                                                                                                                   Associate General Counsel/FOIPA Officer
                                                                                                                   Office of General Counsel

[Skele]

Why are most of the losers keeping quiet about what price they bid at?

That's easy, maybe those people want to pass inconspicuous until some Bitcoin pumping is done...

[lay785]

Just got this back from my FOIA request

Dear Requester:

                The United States Marshals Service is in receipt of your Freedom of Information/Privacy Act request for records maintained by this Bureau.  We have commenced a search for documents responsive to your request and will contact you when our processing is complete.

                Although we are unable to determine at this time the amount of fees to be charged to you, if any, the filing of your request constitutes your agreement to pay all applicable fees that may be charged under 28 C.F.R. § 16.11 or § 16.49, up to $25.00.  You will be notified as soon as practicable if the estimated or actual fee for satisfying your request exceeds $25.00.

                If you should have any questions, please contact us at (xxx) xxx-xxxx.

                                                                                                                   Sincerely,



                                                                                                                   William E. Bordley
                                                                                                                   Associate General Counsel/FOIPA Officer
                                                                                                                   Office of General Counsel

You should post a bitcoin address so people can donate part of the $25 if you get the info.

[DannyElfman]

Just got this back from my FOIA request

Dear Requester:

                The United States Marshals Service is in receipt of your Freedom of Information/Privacy Act request for records maintained by this Bureau.  We have commenced a search for documents responsive to your request and will contact you when our processing is complete.

                Although we are unable to determine at this time the amount of fees to be charged to you, if any, the filing of your request constitutes your agreement to pay all applicable fees that may be charged under 28 C.F.R. § 16.11 or § 16.49, up to $25.00.  You will be notified as soon as practicable if the estimated or actual fee for satisfying your request exceeds $25.00.

                If you should have any questions, please contact us at (xxx) xxx-xxxx.

                                                                                                                   Sincerely,



                                                                                                                   William E. Bordley
                                                                                                                   Associate General Counsel/FOIPA Officer
                                                                                                                   Office of General Counsel

What exactly were you requesting from your FOIA request? It is already known that the Tim guy was the person who won the auction

[RiverBoatBTC]

The amount it is public record I tried to tell you guys this at the start, burtw filed as soon as he could and I commend him for his swift action. The bitcoin community is to retroactive and not proactive in general.

[BurtW]

The amount it is public record I tried to tell you guys this at the start, burtw filed as soon as he could and I commend him for his swift action. The bitcoin community is to retroactive and not proactive in general.

I did it for grins.  It turned out to be way easier than I expected.  I may file some more just for the heck of it.

What exactly were you requesting from your FOIA request? It is already known that the Tim guy was the person who won the auction

I asked for how much he paid.  They have to tell me or come up with a good reason not to tell me.

[RiverBoatBTC]

The amount it is public record I tried to tell you guys this at the start, burtw filed as soon as he could and I commend him for his swift action. The bitcoin community is to retroactive and not proactive in general.

I did it for grins.  It turned out to be way easier than I expected.  I may file some more just for the heck of it.

What exactly were you requesting from your FOIA request? It is already known that the Tim guy was the person who won the auction

I asked for how much he paid.  They have to tell me or come up with a good reason not to tell me.

Its not protected by any "trade or business secerets" he declared the coins as personal property on the live press release. The only question is how long will it take , you can also ask them to waive the fee's.

[jc01480]

There is a case to withhold the information out of public interest.  IRS already knows, and that's all that matters at his point.  Hopefully, the buyer will volunteer the info, otherwise the government may be liable for releasing personal information detrimental to his/her safety.