Question about Silk Road auction transaction.

Noruka

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Quote from: nkocevar on July 03, 2014, 10:42:26 AM

Quote from: JohnFromWIT on July 03, 2014, 10:36:43 AM

Quote from: nkocevar on July 03, 2014, 10:34:02 AM

wow they had a $200,000 deposit in order to bid xD

I think that's just so they won't back out of paying after they won the bid.
They get it back after the auction.

Ah that makes sense... Although who would consider doing that?

thats why deposits are there for all markets
houses
renting
auctions
etc.

nkocevar

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Quote from: JohnFromWIT on July 03, 2014, 10:36:43 AM

Quote from: nkocevar on July 03, 2014, 10:34:02 AM

wow they had a $200,000 deposit in order to bid xD

I think that's just so they won't back out of paying after they won the bid.
They get it back after the auction.

Ah that makes sense... Although who would consider doing that?

JohnFromWIT

member

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Quote from: nkocevar on July 03, 2014, 10:34:02 AM

wow they had a $200,000 deposit in order to bid xD

I think that's just so they won't back out of paying after they won the bid.
They get it back after the auction.

nkocevar

sr. member

Activity: 294

Merit: 250

wow they had a $200,000 deposit in order to bid xD

beatljuice

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Quote from: tylenool on July 03, 2014, 09:54:30 AM

No need for such agtession man. I'm just wondering. It may have been a stupid question but calm down.

Sorry, you're right. Didn't get enough sleep last night and I'm a little snapish.

DannyHamilton

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Quote from: tylenool on July 03, 2014, 09:34:22 AM

- snip -
Why is it that the sale was broadcast as 30,000 bitcoins
- snip -

Where did you get that information? It was never broadcast as 30,000 bitcoins?

Perhaps someone you were talking to rounded up when they discussed it with you, but the official announcement was always:

http://www.usmarshals.gov/assets/2014/bitcoins/

Quote

FOR SALE
29,656.51306529 bitcoins

And if you look at transaction 9e95c3c3c96f57527cdc649550bf8e92892f7651f718d846033798aee333b0c3
you'll see that address 1a8LDh3qtCdMFAgRXzMrdvB8w1EG4h1Xi
was sent exactly the advertised 29,656.51306529 BTC

tylenool

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Thank you

newIndia

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Quote from: tylenool on July 03, 2014, 09:34:22 AM

Seeing the blockchain information for the Silk Road transaction, I noticed something odd.
Why is it that the sale was broadcast as 30,000 bitcoins yet only ~29,659 Bitcoins were transferred to Tim Draper.

Can anyone explain this $221,000 deficit?
Huh

AFAIK 29,659 Bitcoins are the seized coins. Rest are the spam coins that were deposited on the address so far.

tylenool

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No need for such agtession man. I'm just wondering. It may have been a stupid question but calm down.

beatljuice

full member

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You advertise a news site in your signature and yet you don't know? Read almost any other news site and you'll get the correct numbers.

tylenool

newbie

Activity: 8

Merit: 0

Seeing the blockchain information for the Silk Road transaction, I noticed something odd.
Why is it that the sale was broadcast as 30,000 bitcoins yet only ~29,659 Bitcoins were transferred to Tim Draper.

Can anyone explain this $221,000 deficit?
Huh

Edit: question answered. Thanks for dealing with my stupid question.

Topic: Question about Silk Road auction transaction. (Read 943 times)