US Marshals: One Auction Bidder Claimed All 30,000 Silk Road Bitcoins

[_smudger_]

http://venturebeat.com/2014/07/02/someone-just-paid-19m-for-29656-5-bitcoins-seized-by-the-u-s-government/

"Although the exact amount paid by the bidder is unclear, Wired and others estimate that $19 million was paid — an estimate which aligns with the current bitcoin to USD exchange rate."

[Noruka]

Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results.

Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting.

They (US gov) gives the option for the buyer of any of their auctioned off seized or foreclosed properly to remain anonymous they desire. The fact the property which is BTC doesn't make a difference in that, unfortunately. The BTC community would like to have it disclosed, but the gov. could care less.

[DannyElfman]

http://venturebeat.com/2014/07/02/someone-just-paid-19m-for-29656-5-bitcoins-seized-by-the-u-s-government/

"Although the exact amount paid by the bidder is unclear, Wired and others estimate that $19 million was paid — an estimate which aligns with the current bitcoin to USD exchange rate."

The articles that I have read say that the value of the coins is presently $19 million and the price paid is unclear.

[jbreher]

Ya know what is funny? That Coindesk article has links to source docs for some of its assertions, but it does not reference any statement by USMS themselves about the results.

Are they just making stuff up? If not, why not disclose the source? It's not like they are the paragon of investigative reporting.

They (US gov) gives the option for the buyer of any of their auctioned off seized or foreclosed properly to remain anonymous they desire. The fact the property which is BTC doesn't make a difference in that, unfortunately. The BTC community would like to have it disclosed, but the gov. could care less.

Well, looks genuine. Story from others is that Tim Draper won the lot. My skepticism was unfounded.

[jbreher]

California has now legalized bitcoin, and I'm pretty sure other states will eventually follow.

I seem to be clarifying this over and over. The CA situation is unique. They had an old law on the books that made certain types of payments illegal. Bitcoin just happened to fit in this category. The new law merely exempted Bitcoin from this absurd law.

Other states (most? all?) have more reasonable laws, and therefore do not require this exemption.

In the united States of america, if something is not explicitly _illegal_, then it is _legal_.

IOW, it is perfectly legal on (most? all?) other states without them needing to pass such a law.