Topic: [2013-01-16] - US forces Silk Road to give up $28M in bitcoins (Read 1040 times)
While everyone is guessing, including me - I don't think they're creative enough to do anything outside their usual procedures. They'll probably cut it up into smaller lots and auction it at a set price determined by some random googling. The Wall Street boys will probably be lined up for this, as some funds need the BTC to satisfy their backing requirements.
where are they going to sell on MtGox? Good luck wiring that money back to the States lmao
no seriously i wonder if they will cut them up or sell them all in 1 lot?
no seriously i wonder if they will cut them up or sell them all in 1 lot?
is there any Appeal at law possible ?
This will take time to auction the coins
This will take time to auction the coins
Big buyers will snap those up cheap in bulk.
I know...wish they would dump them all onto an exchange so we could all get in on some cheap BTC.
and we will have alot free advertising 
Big buyers will snap those up cheap in bulk.
http://www.techworld.com.au/article/536160/us_forces_silk_road_give_up_28m_bitcoins/
and a quote
""It is the intention of the government to ultimately convert the bitcoins to U.S. currency," said Jim Margolin, a spokesman for the U.S. Attorney's office for the Southern District of New York."
and a quote
""It is the intention of the government to ultimately convert the bitcoins to U.S. currency," said Jim Margolin, a spokesman for the U.S. Attorney's office for the Southern District of New York."
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