$25,000 in Bitcoin Seized from Alleged Software Scam Operator

[leopard2]

so far govt forces have stolen property from a guy, without a court ruling 

at the same time I do not understand what counterfeit software is. HUH??

[thriftshopping]

I just wonder what will happen with that cryptos? Police is going to use it somehow? You can't just put back bitcoin into circulation... Any thoughts?

They will probably sell them in a similar way that the Silk Road bitcoin was sold, via auction

edit: I would think you would probably get a better deal on these auctions because they are less publicized

[redsn0w]

I just wonder what will happen with that cryptos? Police is going to use it somehow? You can't just put back bitcoin into circulation... Any thoughts?

They will probably sell them in a similar way that the Silk Road bitcoin was sold, via auction

edit: I would think you would probably get a better deal on these auctions because they are less publicized

Exactly, they will sell them as always via auction. This time it is not a large quantity of coin, but it is always "money" (25k dollars).

[sloopy]

So how much is really paid at the auctions?
...and to whom?
Can you cut an extra slice?

[pitham1]

I just wonder what will happen with that cryptos? Police is going to use it somehow? You can't just put back bitcoin into circulation... Any thoughts?

They will probably sell them in a similar way that the Silk Road bitcoin was sold, via auction

edit: I would think you would probably get a better deal on these auctions because they are less publicized

The auction might be less publicized, but it could attract a lot more bids.
The high lot size in the SR bitcoin auctions is one reason why the number of bids is limited.

[BillyBobZorton]

I just wonder what will happen with that cryptos? Police is going to use it somehow? You can't just put back bitcoin into circulation... Any thoughts?

They will probably sell them in a similar way that the Silk Road bitcoin was sold, via auction

edit: I would think you would probably get a better deal on these auctions because they are less publicized

The auction might be less publicized, but it could attract a lot more bids.
The high lot size in the SR bitcoin auctions is one reason why the number of bids is limited.

So at what price do the government sell their coins? don't they just jump at whatever market price of that particular time?