FBI coins could sell for a premium | Bitcointalksearch.org

hollowframe

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Quote from: SirChiko on July 16, 2014, 09:01:36 AM

Quote from: hollowframe on July 15, 2014, 07:45:58 PM

Quote from: ?? on ??

Anyway, they cannot sell until he is convicted or drops his claims. Maybe he'll drop his claims as part of a deal. I'm still very curious how the FBI even got the private keys. Did they actually torture him? Without torture there's no fucking way I'd give up the private keys. It's your get out of jail ticket.

IIRC the media reported that he was logged into the SR website as an administrator (I think it was kind of like a console that allowed him to do various administrative tasks - resolve disputes, release funds from escrow, process manual payouts) and they basically had all the funds held at the site manually paid out to a wallet that they controlled. A dumbed down way to say this is that Ross had a unlocked/unencrypted wallet open when they arrested him.

I think I read a story somewhere that said some FBI lady, was running towards him, screaming something like "I never want to see you again" grabbed his laptop, then a bunch of FBI agents came out and arrested him.

Wow, so they got him disatracted so he wouldn't be able to close his laptop?

They (she) distracted him so she could get close enough to him then she snatched his laptop and the other FBI agents arrested him. Apparently he would frequently use that library to connect to SR and didn't use many (any?) other spots to connect (as per media reports IIRC).

okthen

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Quote from: ?? on ??

Quote from: Benjig on July 15, 2014, 12:49:54 PM

So i wonder when will be the next block of 30k coins put in auction, there are 120k left.

They all belong to DPR still. They are merely confiscated until he loses the trial.

Only a matter of time, I guess.
After what this auction's results... I imagine they might be sold a lot above market price!

SirChiko

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Quote from: hollowframe on July 15, 2014, 07:45:58 PM

Quote from: ?? on ??

Anyway, they cannot sell until he is convicted or drops his claims. Maybe he'll drop his claims as part of a deal. I'm still very curious how the FBI even got the private keys. Did they actually torture him? Without torture there's no fucking way I'd give up the private keys. It's your get out of jail ticket.

IIRC the media reported that he was logged into the SR website as an administrator (I think it was kind of like a console that allowed him to do various administrative tasks - resolve disputes, release funds from escrow, process manual payouts) and they basically had all the funds held at the site manually paid out to a wallet that they controlled. A dumbed down way to say this is that Ross had a unlocked/unencrypted wallet open when they arrested him.

I think I read a story somewhere that said some FBI lady, was running towards him, screaming something like "I never want to see you again" grabbed his laptop, then a bunch of FBI agents came out and arrested him.

Wow, so they got him disatracted so he wouldn't be able to close his laptop?

hollowframe

sr. member

Activity: 266

Merit: 250

Quote from: ?? on ??

Anyway, they cannot sell until he is convicted or drops his claims. Maybe he'll drop his claims as part of a deal. I'm still very curious how the FBI even got the private keys. Did they actually torture him? Without torture there's no fucking way I'd give up the private keys. It's your get out of jail ticket.

IIRC the media reported that he was logged into the SR website as an administrator (I think it was kind of like a console that allowed him to do various administrative tasks - resolve disputes, release funds from escrow, process manual payouts) and they basically had all the funds held at the site manually paid out to a wallet that they controlled. A dumbed down way to say this is that Ross had a unlocked/unencrypted wallet open when they arrested him.

I think I read a story somewhere that said some FBI lady, was running towards him, screaming something like "I never want to see you again" grabbed his laptop, then a bunch of FBI agents came out and arrested him.

nicked

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Maybe he just had them in paper wallets, and they just found them sitting on his coffee table?

counter

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Time is on our side, yes it is!

Quote from: Torque on July 15, 2014, 12:02:39 PM

Necro for the lulz.

My my, I can remember vividly not long ago when people were screaming right and left that the selling price of the SR coins would be exactly known. And screaming that it would actually matter to the market. Now 3 weeks later, and not only was the final price/btc paid NOT revealed to the public, but it seems the Bitcoin community NO LONGER CARES and has completely forgotten and moved on quickly. Short term memory loss much?

Unlike the majority, I for one don't have a short memory. I can remember all the silly, ignorant FUD that has happened over the past year. I would chalk all the past FUD as irrelevant, except for the simple fact that the sheeple affected the market directly with their outright stupidity.

The point is, FUD is completely irrelevant and should have no bearing on bitcoiner's long term market decisions. It's fleeting and goes away quickly. Please keep this in mind and let this be a cautionary tale when FUD rears it's ugly head again in the future, OK?

I also care and I'm also surprised there isn't more speculation on the topic. I think people where expecting some negative actions as far as the price of BTC goes. So far there as been no real swings so not there hasn't been much attention given to the matter since, which I agree is odd.

HarHarHar9965

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Quote from: Benjig on July 15, 2014, 02:02:36 PM

Quote from: ?? on ??

Quote from: Benjig on July 15, 2014, 12:49:54 PM

So i wonder when will be the next block of 30k coins put in auction, there are 120k left.

They all belong to DPR still. They are merely confiscated until he loses the trial.

Lol, so i wonder what he was planning to do with so much money? did he ever spent something?, i mean he dint get houses or cars confiscated.

I think he was just amassing them all forever, since he started SR. He was on some Pinky and the Brain tip, I think...

Benjig

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Activity: 462

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Quote from: ?? on ??

Quote from: Benjig on July 15, 2014, 12:49:54 PM

So i wonder when will be the next block of 30k coins put in auction, there are 120k left.

They all belong to DPR still. They are merely confiscated until he loses the trial.

Lol, so i wonder what he was planning to do with so much money? did he ever spent something?, i mean he dint get houses or cars confiscated.

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: ?? on ??

Quote from: Benjig on July 15, 2014, 12:49:54 PM

So i wonder when will be the next block of 30k coins put in auction, there are 120k left.

They all belong to DPR still. They are merely confiscated until he loses the trial.

Was there any kind of official word that this is the case? In theory, they could have the assets forfeited in civil proceeding without a conviction.

Benjig

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So i wonder when will be the next block of 30k coins put in auction, there are 120k left.

Torque

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Necro for the lulz.

My my, I can remember vividly not long ago when people were screaming right and left that the selling price of the SR coins would be exactly known. And screaming that it would actually matter to the market. Now 3 weeks later, and not only was the final price/btc paid NOT revealed to the public, but it seems the Bitcoin community NO LONGER CARES and has completely forgotten and moved on quickly. Short term memory loss much?

Unlike the majority, I for one don't have a short memory. I can remember all the silly, ignorant FUD that has happened over the past year. I would chalk all the past FUD as irrelevant, except for the simple fact that the sheeple affected the market directly with their outright stupidity.

The point is, FUD is completely irrelevant and should have no bearing on bitcoiner's long term market decisions. It's fleeting and goes away quickly. Please keep this in mind and let this be a cautionary tale when FUD rears it's ugly head again in the future, OK?

SirChiko

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I didn't think of this one before reading this topic, good point actually! But after that info leaked it seemed that supporters of bitcoin are trying to get them so we shouldn't be worried in any way.

smoothie

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LEALANA Bitcoin Grim Reaper

lol Numismatic digital bitcoins....nice.

"Hey guys I bought my bitcoins from the US Government!"

Cheesy

bitcoinsrus

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Quote from: Stevenrm87 on June 20, 2014, 10:06:36 PM

Quote from: bitcoinsrus on June 20, 2014, 06:20:46 PM

Quote from: Alley on June 20, 2014, 06:18:31 PM

What happens next is whoever buys them "leaks" the premium price they paid thus causing the market to shoot up so there already in the black.

Do you think it would go for a premium or for a steal. It would be nice to be over the value, but anythings possible. As for leaking, I don't know if the actual amt would be revealed. Would be nice to see who bought it and if they announce they would open an exchange or something.

any other comments on this topic?

Couldnt the losing bidders tell everyone else what the winning bidders paid for them and who it was?

I was under the impression that it was all sealed bids. This would mean like a private bid I guess. Then the auctioneers would probably look for best price.

Maybe the losers would know, I am not sure. If anyone knows more about this, feel free to answer

Stevenrm87

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Quote from: bitcoinsrus on June 20, 2014, 06:20:46 PM

Quote from: Alley on June 20, 2014, 06:18:31 PM

What happens next is whoever buys them "leaks" the premium price they paid thus causing the market to shoot up so there already in the black.

Do you think it would go for a premium or for a steal. It would be nice to be over the value, but anythings possible. As for leaking, I don't know if the actual amt would be revealed. Would be nice to see who bought it and if they announce they would open an exchange or something.

any other comments on this topic?

Couldnt the losing bidders tell everyone else what the winning bidders paid for them and who it was?

nwfella

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Well hello there!

Really hoping for this scenario. Would be far preferable to them getting for extreme discount and subsequently tanking price to eek a little profit out.

bitcoinsrus

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Quote from: Alley on June 20, 2014, 06:18:31 PM

What happens next is whoever buys them "leaks" the premium price they paid thus causing the market to shoot up so there already in the black.

Do you think it would go for a premium or for a steal. It would be nice to be over the value, but anythings possible. As for leaking, I don't know if the actual amt would be revealed. Would be nice to see who bought it and if they announce they would open an exchange or something.

any other comments on this topic?

Alley

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What happens next is whoever buys them "leaks" the premium price they paid thus causing the market to shoot up so there already in the black.

cooldgamer

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We are the champions of the night

They're probably gonna get a decent little premium on the coins. We've been in a (small) uptrend the past few weeks and this is a chance to buy tons of coins without placing a whale order that would start a rally. I'd guess 5% or so, but we may never know by the looks of it Undecided

oda.krell

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From the wall thread, where I didn't get any answer so far:

Quote from: oda.krell on June 20, 2014, 09:01:52 AM

I tried to find out what the usual practice is of a USMS Asset Forfeiture auction. Did I understand it correctly that they usually don't publish the result of the auction, i.e. who submitted the winning bids, or the total sum received in the auction?

Anyone in here knows if we'll ever know what price the coins fetched?

Topic: FBI coins could sell for a premium (Read 5901 times)