The nice thing about bitcoin is that you can just check for yourself:
http://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX?offset=0&filter=0
None of the Silk Road seized coins have been moved.
Topic: U.S. Government Is Turning Seized Silk Road Bitcoins Into Cash - page 2. (Read 1833 times)
would have thought they would somehow pump BTC up before dumping. why wouldn't they, right?
i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
I don't believe that the US government would go down the exchange route for selling such a volume of bitcoins. Private auction(s) would be the likely option, no doubt a number of personnel will take their cut too...
now they owe infinite dollars as a result of Silk Road's escrow agreement
They will never sell them on an exchange. They will be sold in an auction, but the person who bought them might. It all depends on who bought them. Whichever way, it is still in the interest of the new owner(s) to keep them off exchanges to maintain a good reference price for his/their assets.
The US government being the largest holder of bitcoin is kind of a good thing. That way the US will not ban it. Think if China had that many bitcoin right now. We wouldn't be in this mess. The worse thing that could happen is that the US totally dumps and then bans it.
they should just give it to the CIA so they can use it to bribe the people they already do.
The US government being the largest holder of bitcoin is kind of a good thing. That way the US will not ban it. Think if China had that many bitcoin right now. We wouldn't be in this mess. The worse thing that could happen is that the US totally dumps and then bans it.
Is there any proof that gov is really selling bitcoins? Or it's just a rumor. It's stated like a fact but Is there actual proof of this?
i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price?
Why would they try to get the best price? This is a government agency, not a business.
Government-seized property is usually sold via auctions.
Faster they do it, quicker the market will revive
i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price?
Why would they try to get the best price? This is a government agency, not a business.
good. i dont want the US government being a large stakeholder.
But these articles are just based upon unsubstantiated rumors. Do they have any real evidence that the FBI is really selling off those coins? I really doubt that. All are just baseless assumptions.
i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
Shouldn't they do an auction to get the best price?
i keep hearing this but wouldnt they just put a sell order into an exchange for all the bitcoins and create a wall and then that would make price go down but yeah i dont get why its taking them so long and if they havnt dumped then why is price still going down
legendary
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good. i dont want the US government being a large stakeholder.
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