Topic: Only one winner for the 30k BTC from the auction! (Read 2820 times)
the impact of a whale dumping 30k on the market would lose him money. smart whales hang onto their coins or sell them slowly.
Money laundering is a made up crime.
This needs to be repeated and emphasized.
Hope the winner spends my stolen bitcoin on something nice.
If you aren't the sole controller of your private keys, you don't have any bitcoins.
It seems you've had to learn this lesson the hard way.
You have learned this lesson, right?
I learnt the lesson the hard way, don't store my bitcoins with 3rd parties longer than needed because you never know when some criminals will steal them.
Very happy with Tim Draper getting them. Likely this has raised the value of my other coins more than the value of the coin that was stolen so I guess even steven.
Hope the winner spends my stolen bitcoin on something nice. I was buying stuff that is legal in the US and here.
From a place that was known to be engaging in illegal drug trade money laundering....
Money laundering is a made up crime. silkroad was also known to sell bibles which are illegal in North Korea, terrible crime to sell bibles. And porn, you could actually buy porn on silkroad, that is just horrible right?
Hope the winner spends my stolen bitcoin on something nice. I was buying stuff that is legal in the US and here.
From a place that was known to be engaging in illegal drug trade money laundering....
Many things are illegal somewhere. I am sure most drug dealers, if given a chance, would pay their taxes properly and not resort to laundering. Just give them a chance, stop arresting them
The Feds are fucking thieves. But as the adoption of Bitcoin slowly (!) grows their power will erode away into nothing.
Sit back watch it crumble and when it burns raise your glass. Dinosaurs will die.
Raise my glass? Not before I don my monocle you heathen!
Hope the winner spends my stolen bitcoin on something nice. I was buying stuff that is legal in the US and here.
From a place that was known to be engaging in illegal drug trade money laundering....
Many things are illegal somewhere. I am sure most drug dealers, if given a chance, would pay their taxes properly and not resort to laundering. Just give them a chance, stop arresting them
Hope the winner spends my stolen bitcoin on something nice. I was buying stuff that is legal in the US and here.
From a place that was known to be engaging in illegal drug trade money laundering....
20 million is loose change for the big entities. Some might have thought why not take a punt on this thing. Remember that for them even a 5% return is huge.
You're completely right, I think we're not aware that 1% of people on earth possibly owe 80% of wealth, maybe even worse. For that 1%, 20 mil is like 20 cents in your pocket.
might have been one of those "come invest in bitcoin" fonds. im reading more of those comming up lately.good for bitcoin i guess 
ha like i said. read about this guy a few days ago
might have been one of those "come invest in bitcoin" fonds. im reading more of those comming up lately.good for bitcoin i guess
If anyone missed it , Tim Draper a VC has been revealed as the winner of nearly 30,000 BTC.
http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/
http://www.coindesk.com/tim-draper-revealed-silk-road-bitcoin-auction-winner/
Looks like the price has started to climb already
Venture Capitalist Tim Draper? The VC that has invested in over 1000 private companies since 1985 (Skype, Hotmail, Tesla, Baidu, etc.)?
But isn't this guy really just a lowly, opportunistic day trader who's going to dump all of his 30K bitcoins on the exchanges the first chance he gets, tanking the current price???
At least that's what all the really smart bitcoiners were telling everyone last week??? I don't understand what's going on???
But isn't this guy really just a lowly, opportunistic day trader who's going to dump all of his 30K bitcoins on the exchanges the first chance he gets, tanking the current price???
At least that's what all the really smart bitcoiners were telling everyone last week??? I don't understand what's going on???
You did read the updates given, yes? The winner is big VC Tim Draper. Plans to work with Vaurum.
It could be the biggest endorsement and "validation" (in the masses' eyes) for Bitcoin ever.
Could be, yeah, but it is almost certain that we will never know who that was. Adds to the list of bitcoin mysteries like "where is satoshi" now "who bought sr coins" - everybody can see who in the blockchain, but nobody will know until they start spending.
Hope the winner spends my stolen bitcoin on something nice. I was buying stuff that is legal in the US and here.
How come the market hasn't crashed? I thought the winner was going to instantly dump the coins? 
That's what all the bears want to happen.
I will say that the mere fact the coins were bid up higher than market rates is simply due to what i was suspecting all along: that whoever did get them bid way up to keep the coins out of the hands of those who would dump them onto the market. There is no dump of the Mt. Gox coins nor will there ever be.
This train is heading up, and will keep heading up thanks to no China in the background.
Lets see how much time they need to sell it for double price. Predict one year
How could they let people know they lost already when the award process is ongoing? You have to pass the background check before the auction so that can't be it. I bet someone won all the blocks of coins at a high price, and if I am not mistaken, I read or heard they were selling them in chunks so no one entity could turn around and sell them. I think it was on the news clip that aired right before the auction. My guess is some bank bought them all and they are trying to revise the rules, to whose benefit I have no idea.
I called this in the wall observer thread the other day. I also give it less than 1% chance this entity sells anytime soon.
How come the market hasn't crashed? I thought the winner was going to instantly dump the coins?
Yeah LOL!!! He would dump the coins because he needed the money!!!
1. Buy above market price
2. Sell below
3. Oops?
1. Buy above market price
2. Sell below
3. * Magic *
4. Profit!!!
Ah thanks I forgot the magic. Silly me.
How come the market hasn't crashed? I thought the winner was going to instantly dump the coins?
Yeah LOL!!! He would dump the coins because he needed the money!!!
1. Buy above market price
2. Sell below
3. Remove fake resistance
4. Profit!
FTFY
Jump to: