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Coinbuddy (OP)
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February 19, 2015, 06:31:36 AM |
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The United States Marshals Service (USMS) has announced that it will be auctioning 50,000 BTC from Ross Ulbricht’s personal holdings in March. Ulbricht was convicted of being the mastermind behind Silk Road, an infamous dark net drug marketplace, and is currently awaiting sentencing. |
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Divinespark
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February 19, 2015, 06:35:05 AM |
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Aye, and this is a great buying opportunity for someone with the wallet Talk about making the wealthy even wealthier  |
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ericjarvies
Newbie
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Activity: 7
Merit: 0
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February 19, 2015, 06:50:12 AM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
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koelen3
Legendary
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 19, 2015, 04:47:44 PM |
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Eastwind
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February 19, 2015, 08:31:09 PM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
Bidders can bid lower price for those coins. |
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BADecker
Legendary
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Activity: 3766
Merit: 1368
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February 19, 2015, 09:12:06 PM |
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Does it make sense to sell my holdings with the expectation of a lower Bitcoin price, where I can buy back in?  |
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bitllionaire
Legendary
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Activity: 1120
Merit: 1000
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February 19, 2015, 09:14:09 PM |
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and they still have 44k bitcoins remaining to sell
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oblivi
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February 19, 2015, 09:48:09 PM |
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What exchange are they going to use?
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fritz
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Activity: 45
Merit: 0
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February 19, 2015, 09:52:19 PM |
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How can someone submit a bid of purchase, a process that obviously will take days or weeks on a fluctuating currency?
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calfries
Newbie
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Activity: 54
Merit: 0
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February 19, 2015, 09:54:53 PM |
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I guess you have to project what you think the value will be in the future. How high do you think Bitcoin will go again?
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kpitti
Legendary
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Activity: 924
Merit: 1002
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February 19, 2015, 10:43:40 PM |
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Does it make sense to sell my holdings with the expectation of a lower Bitcoin price, where I can buy back in? Yes, I think you are right. |
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 19, 2015, 10:46:42 PM |
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Great time to buy with prices so low:
Will the same Billionaire win the auction again?
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Shattered
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February 20, 2015, 12:07:31 AM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
I could not agree with this post more. I would not buy these " stolen" coins for $0.01 on principal alone. |
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lyth0s
Legendary
Offline
Activity: 1260
Merit: 1000
World Class Cryptonaire
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February 20, 2015, 12:12:14 AM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
I could not agree with this post more. I would not buy these " stolen" coins for $0.01 on principal alone. You want bitcoins to be less fungible? |
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Shattered
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February 20, 2015, 12:21:59 AM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
I could not agree with this post more. I would not buy these " stolen" coins for $0.01 on principal alone. You want bitcoins to be less fungible? I dont want any of my money going to any institution that makes money off of stealing. It would be one thing if the funds produced from this type of auction would go to legit social services such as the Veterans Association or funding of domestic schools etc. but we all know thats not the case. The money produced from auctions like these will most likely end up in a place where society sees the least amount of benefit. |
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pitham1
Legendary
Offline
Activity: 1232
Merit: 1000
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February 20, 2015, 03:36:13 PM |
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What exchange are they going to use?
It is going to be an auction, not sold at an exchange. |
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RedhatCAT
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February 25, 2015, 04:06:31 AM |
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People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.
It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.
I could not agree with this post more. I would not buy these " stolen" coins for $0.01 on principal alone. There is no such thing as stolen coins. Bitcoin is fungible therefore regardless of the source of the inputs from the coins they will be treated the same as any other bitcoin. What you are proposing is to reduce the fungibility of bitcoin which will in turn cause bitcoin to ultimately fail. I don't like the government forcibly the coins either, however avoiding them like this is not the solution |
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