US Marshall's Bitcoin Auction Results

[BurtW]

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.

I don't see that reason on the reason list...

[DannyElfman]

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.

He also has said that he is going to use the coins to increase adoption in third world countries. If it were to get out that he paid "x" for the coins but ends up selling the coins for more to third world citizens then people could get upset with him and demand that he charge only what he paid.

[Searing]

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.

He also has said that he is going to use the coins to increase adoption in third world countries. If it were to get out that he paid "x" for the coins but ends up selling the coins for more to third world citizens then people could get upset with him and demand that he charge only what he paid.

I think it is more a 'finance' such a system with the bitcoin for use ..he is partnered with someone.....seems it is less to make money then to just promote bitcoin with the other entiy he is involved with in countries of high corruption an weak currency where bitcoin would be a boon....(crosses fingers)

If he has really drunk the kool aid and bitcoin goes up to 1K say ..he can finance such an endeavor with the profits from his auction speculation etc

he do got the bitcoin bug thou..no one can deny that! (big brass ones)

Searing

[m3]

so has anybody found out for how much the coins were sold for. I am assuming Tim Draper overpaid because he won all 10 batches. for the full theory check out this article:
http://www.btcfeed.net/news/winner-of-bitcoin-auction/

[DooMAD]

so has anybody found out for how much the coins were sold for. I am assuming Tim Draper overpaid because he won all 10 batches. for the full theory check out this article:
http://www.btcfeed.net/news/winner-of-bitcoin-auction/

Nope.  I watched the press conference where they discussed all their plans.  Twice he was asked how much he paid for the coins and he jokingly said both times "more than the other bidders".  I get the distinct impression he's going to keep that a secret.  Unless the information gets leaked somehow, I don't think we're ever going to find out.    

[CEG5952]

so has anybody found out for how much the coins were sold for. I am assuming Tim Draper overpaid because he won all 10 batches. for the full theory check out this article:
http://www.btcfeed.net/news/winner-of-bitcoin-auction/

Nope.  I watched the press conference where they discussed all their plans.  Twice he was asked how much he paid for the coins and he jokingly said both times "more the the other bidders".  I get the distinct impression he's going to keep that a secret.  Unless the information gets leaked somehow, I don't think we're ever going to find out.   

That was my impression as well. And I also got the impression that the USMS wasn't going to say anything either. Any word on FOIA requests? I wonder if that could get the price public.

[JorgeStolfi]

Any word on FOIA requests? I wonder if that could get the price public.

Someone claimed somewhere on this forum that he submitted one.  Got a canned reply "we got your request and we are processing it, be prepared to pay up to 25$".

[m3]

I guess we will have to wait for that request to come through to find out.

[boumalo]

so has anybody found out for how much the coins were sold for. I am assuming Tim Draper overpaid because he won all 10 batches. for the full theory check out this article:
http://www.btcfeed.net/news/winner-of-bitcoin-auction/

Nope.  I watched the press conference where they discussed all their plans.  Twice he was asked how much he paid for the coins and he jokingly said both times "more the the other bidders".  I get the distinct impression he's going to keep that a secret.  Unless the information gets leaked somehow, I don't think we're ever going to find out.   

That was my impression as well. And I also got the impression that the USMS wasn't going to say anything either. Any word on FOIA requests? I wonder if that could get the price public.

We bid $455 which at the time was 81% of market value.  Not accepted of course.  Rumor has it winning bid(s) was at spot or maybe even above spot.

from https://bitcointalk.org/index.php?topic=650538.new#new

[BurtW]

Any word on FOIA requests? I wonder if that could get the price public.

Someone claimed somewhere on this forum that he submitted one.  Got a canned reply "we got your request and we are processing it, be prepared to pay up to 25$".

Me.
In this thread.
One page back.
Discussed at the top of this very page.

https://bitcointalk.org/index.php?topic=668635.msg7648454#msg7648454

Yes, I may have to pay $25, what does that mean?  Can someone translate that goobermint funny money into Bitcoins for me so I can understand it?  

Since they have started collecting BTC now (they have over 2 BTC in change from the transaction they sent to the winning bidder) maybe they will accept BTC directly!

[LostDutchman]

Any word on FOIA requests? I wonder if that could get the price public.

Someone claimed somewhere on this forum that he submitted one.  Got a canned reply "we got your request and we are processing it, be prepared to pay up to 25$".

Me.
In this thread.
One page back.

https://bitcointalk.org/index.php?topic=668635.msg7648454#msg7648454

Yes, I may have to pay $25, what does that mean?  Can someone translate that goobermint funny money into Bitcoins for me so I can understand it? 

It means that you may get your FOI request granted but you have to pay for the research time.

[BurtW]

Any word on FOIA requests? I wonder if that could get the price public.

Someone claimed somewhere on this forum that he submitted one.  Got a canned reply "we got your request and we are processing it, be prepared to pay up to 25$".

Me.
In this thread.
One page back.

https://bitcointalk.org/index.php?topic=668635.msg7648454#msg7648454

Yes, I may have to pay $25, what does that mean?  Can someone translate that goobermint funny money into Bitcoins for me so I can understand it?  

It means that you may get your FOI request granted but you have to pay for the research time.

I meant what does "$" mean?  Nevermind I Googled it and it turns out it is some kind of old fashioned government issued paper fiat money.  I may have to exchange some of my BTC for it if they are behind the times and do not yet accept BTC.

[WtwkG]

Aw, cmon let people speculate, panic, and go crazy. This is Bitcoin.

[LostDutchman]

I'll bet the buyer did pay $900 USD per BTC, counting on an upswing.

Is there a lesson here?

[BurtW]

If anyone hears about the actual results of this, instead of ridiculous speculation, please do tell. For instance, a response from an FOIA request...

No response to my FOIA request yet.

[BurtW]

I think I can find out why bitcoin prices have been dropping so badly now. I'm willing to bet people are now pricing in this auction discount. UGH.

You would be very wrong for many reasons.

[chadwickx16]

I thought Tim Draper had mentioned they were around $672 per BTC. I can;t seem to find the article right now though.

[JorgeStolfi]

I thought Tim Draper had mentioned they were around $672 per BTC. I can;t seem to find the article right now though.

I have not seen any menion of it.  It should be all over the place if he did, I expect.

[chadwickx16]

I thought Tim Draper had mentioned they were around $672 per BTC. I can;t seem to find the article right now though.

I have not seen any menion of it.  It should be all over the place if he did, I expect.

Yeah, I'm looking for that article.

[suryc]

Has anyone gotten a response to FOIA requests looking to determine the price that this auction closed at?