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Topic: Tim Draper Announced as Winner of Silk Road Coins (Read 918 times)

sr. member
Activity: 448
Merit: 250
Dang that's a lot of money.


"$18 million for 30,000 bitcoin"
= aprx 600$ each: above market value for the day of the auction

if he sale them right now, he'll make 1500000 USD immediately  Smiley

Well, the price would drop as each bunch of 20 or more would be sold, so by the time he's sold 2k of them the price would be below auction price (minus the 200k entry fee) he would lose out big time. MAybe Im exagerating, and it depends on the volume of the day but it would go something like that.
Anyway, he wants to channel them into companies so I think we;re safe. I just hope the losing bidders get buying fever and spend all that unspent fiat on BTC on the exchanges Smiley gogogo!
legendary
Activity: 1596
Merit: 1000
No matter the price, The winner will create new service using the bidded 30,000 BTC, a good cauce, which will help the development of bitcoin industry.
legendary
Activity: 2226
Merit: 1052
Dang that's a lot of money.


"$18 million for 30,000 bitcoin"
= aprx 600$ each: above market value for the day of the auction

if he sale them right now, he'll make 1500000 USD immediately  Smiley
sr. member
Activity: 448
Merit: 250
Dang that's a lot of money.


"$18 million for 30,000 bitcoin"
= aprx 600$ each: above market value for the day of the auction
hero member
Activity: 686
Merit: 500
Dang that's a lot of money.
sr. member
Activity: 448
Merit: 250
I guess this is good news... at least he's not a pump n'dump type.
full member
Activity: 176
Merit: 101
Cryptographic money will be the bedrock in time.
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