f2000
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February 19, 2015, 02:36:02 PM |
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Few posts back. 44k left. How many auctions? Propably even marshall don't know...
Ah, I'm an idiot. Thanks for pointing that out...appreciated. Interesting to see how this plays out as it might be the last chance for investors with big pockets to scoop up large amounts of coins (unless you are into hacking exchanges) |
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arvindr
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February 19, 2015, 03:03:36 PM |
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Well the second auction didn't really affect so much on the movement of the price so hopefully this time round, it will be the same as well.
Well you never know when the people buying the auction plan to dump it. |
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picolo
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February 19, 2015, 04:34:43 PM |
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Your link says : THIS SEALED BID AUCTION IS FOR A PORTION OF THE BITCOINS CONTAINED IN WALLET FILES THAT RESIDED ON CERTAIN COMPUTER HARDWARE BELONGING TO ROSS WILLIAM ULBRICHT Their stach is going down : http://bitcoinrichlist.com/top100 |
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koelen3
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Sooner or later, a man who wears two faces forgets
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February 19, 2015, 04:42:23 PM |
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No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI. In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI. [Originally cleared to me by (credits to)bryant.coleman ] |
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xcrabber
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February 19, 2015, 05:55:59 PM |
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No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI. In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI. [Originally cleared to me by (credits to)bryant.coleman ] If I remember correctly the first 30,000 coins auctioned belonged to the silk road server (the escrow hot wallet). They also seized 144,000 that belonged to Ross, so after the next auction of 50,000 there will indeed still be 44,000 to be auctioned off. |
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ajareselde
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Satoshi is rolling in his grave. #bitcoin
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February 19, 2015, 07:41:02 PM |
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No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI. In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI. [Originally cleared to me by (credits to)bryant.coleman ] If I remember correctly the first 30,000 coins auctioned belonged to the silk road server (the escrow hot wallet). They also seized 144,000 that belonged to Ross, so after the next auction of 50,000 there will indeed still be 44,000 to be auctioned off. Until new seize happens, it seams interesting that they auction the coins in portions over time, instead of just selling all at the same time. I know they will get more in portions, but its like they are trying to dump the price by doing so periodicaly. And allways after some good news, they publish another auction (now its the dell internationaly bitcoin acceptance) cheers |
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jaredboice
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February 19, 2015, 08:06:52 PM |
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No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI. In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI. [Originally cleared to me by (credits to)bryant.coleman ] If I remember correctly the first 30,000 coins auctioned belonged to the silk road server (the escrow hot wallet). They also seized 144,000 that belonged to Ross, so after the next auction of 50,000 there will indeed still be 44,000 to be auctioned off. Until new seize happens, it seams interesting that they auction the coins in portions over time, instead of just selling all at the same time. I know they will get more in portions, but its like they are trying to dump the price by doing so periodicaly. And allways after some good news, they publish another auction (now its the dell internationaly bitcoin acceptance) cheers The Feds will run out of coins eventually and then they'll have to commandeer some more of them from victimless crimes. But the stashes of them will generally get smaller and smaller as more and more of them get distributed among the people. So they can't count on that strategy for much longer. Plus, 44,000 Bitcoins even at $1,000 each will still only be $44 Million. There's some whales out there who are watching the Bitcoin market who could probably find that change under the couch |
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croato
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February 19, 2015, 08:34:23 PM |
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How much of coins US marshalls still have?
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arvindr
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February 19, 2015, 08:44:42 PM |
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Does anybody know how many more auctions/coins are left? Or is this is the final amount?
They will keep happening after every version of Silk road is launched. |
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readysalted89
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February 19, 2015, 08:48:47 PM
Last edit: February 19, 2015, 11:07:22 PM by readysalted89 |
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Does anybody know how many more auctions/coins are left? Or is this is the final amount?
They will keep happening after every version of Silk road is launched. There was a silk road clone busted a while back that used multisig. The feds could not confiscate most of the bitcoins because they needed both the owner's keys and the exchange's keys to move the coins. Ironically if the legit exchanges used the same system there would be less coins lost due to hacks. |
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uki
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cryptojunk bag holder
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February 19, 2015, 10:51:05 PM |
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The Feds will run out of coins eventually and then they'll have to commandeer some more of them from victimless crimes. But the stashes of them will generally get smaller and smaller as more and more of them get distributed among the people. So they can't count on that strategy for much longer.
Plus, 44,000 Bitcoins even at $1,000 each will still only be $44 Million. There's some whales out there who are watching the Bitcoin market who could probably find that change under the couch
very good point, actually. It seems that this current auction takes place during the on-going sentiment shift, when even a very BTC-negative news can not do much harm to the price. Last year, on the contrary, we had negative sentiment, when even a very positive events couldn't lift the price much. |
this space is intentionally left blank
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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February 19, 2015, 11:00:20 PM |
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billyjoeallen
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Hide your women
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February 19, 2015, 11:03:50 PM |
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I imagine they will want to keep some for bait to lure out their prey in future investigations. They would be foolish not to. They keep confiscated drugs and cash for the same purpose.
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insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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thompete
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February 19, 2015, 11:09:59 PM |
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I imagine they will want to keep some for bait to lure out their prey in future investigations. They would be foolish not to. They keep confiscated drugs and cash for the same purpose.
Thats true. Like the assasins being them. But I doubt other site owners would fall for the same thing again |
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billyjoeallen
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Hide your women
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February 19, 2015, 11:17:19 PM |
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I imagine they will want to keep some for bait to lure out their prey in future investigations. They would be foolish not to. They keep confiscated drugs and cash for the same purpose.
Thats true. Like the assasins being them. But I doubt other site owners would fall for the same thing again Criminals fall for the same tricks over and over. Law Enforcement proceedur is founded on it. They may get more sophisticated, but sophisticated versions of the same old traps are all they have to work with. BTW, I read the DPR emails and there is a solid case to be made for entrapment upon appeal. That Kangaroo court should not have happened in a free society. Having said that, DPR made some obvious mistakes unless Ross is right and he was made a patsy, in which case DPR was ingenious to pin it on a fall guy. |
insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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lyth0s
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World Class Cryptonaire
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February 19, 2015, 11:35:49 PM |
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If they want to sell those Bitcoins, then let them go to the exchanges and sell try to sell them, but the community as a whole, including the exchanges should treat those Bitcoins like 'dirty' Bitcoins and have NOTHING to do with them, and not trade them... because after all, aren't they dirty Bitcoins?
So you would rather the 50k coins be dumped onto a exchange in 1 day? What do you think that will do for the price? I would get to buy a shitload of coins for very cheap, that's what would happen. As for the other people talking about the government having to buy back the bitcoins if he was to be innocent or anything in that regards, that's simply not true. They would, if anything, be forced to give the dollar amount of the goods back to Ulbricht. I'm no lawyer but I'm pretty sure in the USA any dispute taken to the US courts can be settled in USD per court order rather than the goods that are in question. --No that is not legal advice. |
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koelen3
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February 20, 2015, 05:46:03 PM |
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No they have another 44k or something for the next auction.
A total of BTC 144,000 was seized from Ross Ulbricht by the FBI. In the first auction, some 30,000 coins were sold. 50,000 more were sold during the second auction. After the third auction, some 14,000 coins will remain with the FBI. [Originally cleared to me by (credits to)bryant.coleman ] If I remember correctly the first 30,000 coins auctioned belonged to the silk road server (the escrow hot wallet). They also seized 144,000 that belonged to Ross, so after the next auction of 50,000 there will indeed still be 44,000 to be auctioned off. Thanks for clearing it up to me all over again  |
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koelen3
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Sooner or later, a man who wears two faces forgets
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February 20, 2015, 05:46:42 PM |
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Why is there a public not saying Public Note: Good afternoon! Your help is necessary. My wife has a problem with health, treatment is necessary (we expect a baby). If you have some unnecessary btc or satosh, please, help, we will rejoice any help.and some receiving's around jan 2015 ?? |
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pedrog
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February 20, 2015, 06:33:13 PM |
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Why is there a public not saying Public Note: Good afternoon! Your help is necessary. My wife has a problem with health, treatment is necessary (we expect a baby). If you have some unnecessary btc or satosh, please, help, we will rejoice any help.and some receiving's around jan 2015 ?? I'ts someone spamming around trying to get people to send him coins. Here check the address: https://blockchain.info/address/1HELPMEWinQPNsYmbJU2siyKUCEZaNYj7j |
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