US Marshall's Bitcoin Auction Results

[hyphymikey]

My thoughts in another thread. (bold text)

“The award process is ongoing,“ Donahue said.

“Not today,” confirmed another spokesman for the Marshals Service. “I’m not at liberty to say why. The process is still ongoing,” he said.

http://nypost.com/2014/06/30/feds-put-bitcoin-auction-bidders-on-hold/

How can you screw up a simple auction?

Can you confirm a screw up occured?

Didn't think so.

There are several practical reasons they might delay the final results.

How could they let people know they lost already when the award process is ongoing? You have to pass the background check before the auction so that can't be it. I bet someone won all the blocks of coins at a high price, and if I am not mistaken, I read or heard they were selling them in chunks so no one entity could turn around and sell them. I think it was on the news clip that aired right before the auction. My guess is some bank bought them all and they are trying to revise the rules, to whose benefit I have no idea.

[hellscabane]

The bid form allowed one person to specify any number (0-9) of 3'000 BTC 'A' lots, all at the same price, and optionally the 2'655 BTC 'B' lot., at some other price.  But a person could submit as many forms as he wanted, with different prices.  Obviously if all his forms added to more than 9 A blocks and 1 B blocks, some of his bids would never win.

It is true that on one form you could bid for multiple lots at one price, but...

If you wanted to bid at different prices then you needed multiple forms and you would then have to make multiple $200,000 deposits - one for each form.

I think the $200,000 per form deposit probably made most people fill out just one form = one bid price on one or more lots.

Yeah, I figured the deposit form affected the likelihood of adjusted and differing bids. Still with that the only "justification" I can see with buying blocks at $800+ is if they wanted to get all of the blocks from this auction.

After all, there is only around 20k BTC on btc-e and bitstamp on sell orders (settling at about $800); but if that much trading occurred, I would imagine more people would shift coins to sell to catch an upswing which wouldn't necessarily allow the price to get to $800.

[BitchicksHusband]

The Marshalls Service is now saying that all the coins were won by the same bidder.

[Sophokles]

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

[kolloh]

The Marshalls Service is now saying that all the coins were won by the same bidder.

Wow. Do we know the price they went for and have they paid yet? Wonder who this bidder is.

[juju]

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

As seen on coindesk: http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/

Who knows if it is true, seems legit though.

[chadwickx16]

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

As seen on coindesk: http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/

Who knows if it is true, seems legit though.

Let the conspiracies begin.... 

[cosmicapex]

What the heck, if everybody is guessing on thin air, I may as well:

................

One or more of the highest bidders failed to send the full amount in time, and that is why the auction stalled -- the USMS had to notify the next bidder, and give him another day or two to pay.

That sounds like a good guess to me.

IIRC they don't actually have to pay for a week after the auction ended.

[weisoq]

Let the conspiracies begin.... 

Ok here's mine. The government holds an auction for silk road coins they took, and one anonymous bidder gets them all at a mystery price. Meanwhile they get a handy record of interested parties, funds and prices. Unless the winner bidder is disclosed I'd assume the government still has them.

[sgk]

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

As seen on coindesk: http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/
Who knows if it is true, seems legit though.

So this is the address which holds all those coins now:
https://blockchain.info/address/1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi

And people have already started begging by putting public notes on transactions to this address.

Edit: adding the transaction info:
https://blockchain.info/tx/9e95c3c3c96f57527cdc649550bf8e92892f7651f718d846033798aee333b0c3

[AltcoinAuthority]

Who Won The Silk Road Bitcoin Auction??

YouTube Video

Speculation is starting to arise regarding the identity of the sole winner of the 30,000 bitcoin auction that was held by the US Marshals Service. The objective of this auction was to liquidate the bitcoins which were seized from the Silk Road back in October 2013. Who is this mysterious investor that outbid everyone else for $19 million worth of bitcoins?

The mere fact that one bidder, out of 42 others who put down a deposit of $200,000, won the entire auction has important ramifications on what’s to come. These bidders who have indicated a clear interest in buying bitcoin in large volumes will now be left to satisfy their demand on the open market. This could lead to a continuation of the uptrend that was started on Monday. However the question still remains: Who is this person that won all 30,000 bitcoins and what will they do with them next? According to the blockchain, the bitcoins have already been transferred and the deal is complete.

... Continue Reading:
http://altcoinauthority.com/2014/07/who-won-the-usms-silk-road-bitcoin-auction/

[sgk]

^^ That article provides absolutely zero info about "Who Won The Silk Road Bitcoin Auction??"

Putting a bold headline and a funky YouTube video does not help. Content is king.

[Searing]

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

As seen on coindesk: http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/

Who knows if it is true, seems legit though.

Let the conspiracies begin....  

Butterfly Labs with all the hashing they have done with late equip since dec 2013 or the facebook twins or both (gasp!)

Searing

or even worse the guy or guys who own www.ghash.io heh (not i've scared you!)

The Marshalls Service is now saying that all the coins were won by the same bidder.

source, please?

As seen on coindesk: http://www.coindesk.com/us-marshals-one-auction-bidder-claimed-all-30000-silk-road-bitcoins/
Who knows if it is true, seems legit though.

So this is the address which holds all those coins now:
https://blockchain.info/address/1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi

And people have already started begging by putting public notes on transactions to this address.

it is simply mine blowing to see a transaction of this size on the above address...zowie...(with 65 confirmations to go heh)

Searing

[AltcoinAuthority]

^^ That article provides absolutely zero info about "Who Won The Silk Road Bitcoin Auction??"

Putting a bold headline and a funky YouTube video does not help. Content is king.

It's more about the question rather than the answer thought. The article provides insight into what others are saying... which is that the USMS could've just sold it to themselves since it was a "sealed auction" so nobody could find out.

If you're looking for a concrete answer to this question, I doubt we'll get one, unless someone speaks up and proves it was them. But I have a feeling that won't happen.

[BitsBitsBits]

Will be fun when we find out who bought the coins.

[icet208]

Will be fun when we find out who bought the coins.

if we ever find out who bought them:D

[QuestionAuthority]

The CIA bought them as an insurance policy against the dollar crash.

[Searing]

The CIA bought them as an insurance policy against the dollar crash.

Just takes one multi-billionaire bored to jump in like the rest of us...'only gamble what you can afford to lose" we need more billionaires to 'drink the
kool aid" ...so yeah 19 million dollars USD for a billionaire would be like the kinda risk per wage I'm taking myself kinda/sorta ...(we need to deepen/broaden the pool don't ya know)

Searing

[stash]

Tim Draper?

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

[gondel]

Will be fun when we find out who bought the coins.

if we ever find out who bought them:D

Is tehre already official statement and results about the auction with details or this is going to be only speculated  and only rumors will last forever.If the price of BTC still rises I dont care who bought them at last
BR