US government to auction 50,000 bitcoinshttp://timesofindia.indiatimes.com/tech/tech-news/US-government-to-auction-50000-bitcoins/articleshow/46298651.cms?The US government has said it plans to auction 50,000 bitcoins on March 5, following the recent criminal conviction of Ross Ulbricht for being the mastermind behind the online black market known as Silk Road.
The auction being conducted by the US Marshals Service is the third for bitcoins seized in connection with Silk Road, which prosecutors said let customers buy and sell drugs and other illegal goods beneath the radar of law enforcement. Shortcut Cheat: Level 10.
Dont Sell Nothing, Dont handle volatilty. Just Bust and Sell, Lets call them proceeds from Crime!
Yup, the US government seems to have a perfect strategy.
The sooner these bitcoins are out of the control of the government, the better.
The uncertainty around what will happen if these coins are dumped will decrease.
