Topic: US Marshall's Bitcoin Auction Results - page 6. (Read 15766 times)
Boring. I hope there will be some "deepthroat" revelations about winning bids and prices.
I am sure in good time the real winners will come out. At least the losers will mention what they bid and did not win, but I'm pretty sure the winners will want the limelight, considering how all the major financial news sources are reporting on it.
Quote
Agency records or information which is not covered by one or more of the FOIA’s Exemptions is
subject to disclosure. Such determinations will be made in accordance with
Department of Justice regulations available at http://www.justice.gov/oip/04_1_1.html and
title28-vol1-part16.xml#seqnum16.8.
subject to disclosure. Such determinations will be made in accordance with
Department of Justice regulations available at http://www.justice.gov/oip/04_1_1.html and
title28-vol1-part16.xml#seqnum16.8.
Whats that mean? Which information can be requested?
Then can you quote it? All that's relevant is that info may or may not be released on Monday, no exact time or time zone mentioned.
I really don't think we will get results through any official channels anyway.
We do not have to wonder about this. Read this very carefully:http://www.usmarshals.gov/assets/2014/bitcoins/faqs.pdf
For those to lazy to click the above link just read this:
Quote
10. What information about the auction process or results will the USMS release?
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.
11. What information about the auction process or results might be available through a FOIA
request?
Agency records or information which is not covered by one or more of the FOIA’s Exemptions is
subject to disclosure. Such determinations will be made in accordance with
Department of Justice regulations available at http://www.justice.gov/oip/04_1_1.html and
title28-vol1-part16.xml#seqnum16.8.
The USMS will contact the winning and losing bidders directly. The USMS will not publicly
release any information pertaining to the auction process or results.
11. What information about the auction process or results might be available through a FOIA
request?
Agency records or information which is not covered by one or more of the FOIA’s Exemptions is
subject to disclosure. Such determinations will be made in accordance with
Department of Justice regulations available at http://www.justice.gov/oip/04_1_1.html and
title28-vol1-part16.xml#seqnum16.8.
I think you made a mistake in the title by putting the word 'Results' in there.
Nope!
These are the results as relased so far by the government.
I guess Monday we'll find out the prices.
or they can pump the price up and then sale
I don't see why so many people are worried about this option. Not including you, just putting that out there. Gold, silver, and oil has been pumped and dumped so many times and it's still fledgling.
Not to mention, it'll be pretty obvious if one person had a limitless selling account. So then all the panic sellers can sell, and, well, it would benefit some of the Bitcoin community if they did.
Bah.. I came back here for an update hoping for real content, but so far nothing. Really, we can just get rid of these first 5 pages. If results are to be released, what time and timezone would it be?
I can't find it now, and I'm not sure if I was given accurate information. But I remember hearing that winners would be notified sometime Monday, Eastern Time. May have been by 6pm..... but I really don't think we will get results through any official channels anyway.
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Here's some terrible math. 42 bidders x $25,000 minimum = $1,050,000 / 48,013 coins bid = $21.87 per BTC. Let's hope not.
More likely the $1,050,000 would bid on 1 block of 3,000 which would be $350 per coin.
Just shows we don't have a clue until someone steps forward Monday.
Here's some terrible math. 42 bidders x $25,000 minimum = $1,050,000 / 48,013 coins bid = $21.87 per BTC. Let's hope not.
Interesting, but that is only the minimum of course. Many bidders probably entered with much more than 25'000$, offering higher prices. Reversing the math, if the bids for the ~30 kBTC that SM submitted to the USMS were near market price, and every one of the 42 syndicate bidders managed to get a slice in those bids, they must have pledged about 18 M$ in all, or ~430'000$ each, on average.It occurred to me now that 25'000$ is also the minimum that one can invest in the SMBIT fund. Has anyone seen the actual terms of the SM syndicate? Could it be that the winning bidders will get SMBIT shares, instead of the actual bitcoins?
Here's some terrible math. 42 bidders x $25,000 minimum = $1,050,000 / 48,013 coins bid = $21.87 per BTC. Let's hope not.
More likely the $1,050,000 would bid on 1 block of 3,000 which would be $350 per coin.
Just shows we don't have a clue until someone steps forward Monday.
Then can you quote it? All that's relevant is that info may or may not be released on Monday, no exact time or time zone mentioned.
Read the USMS notice and their FAQ. That is all the information there is.
I like the idea of just waiting until someone flubs this auction. The biggest problem is that someone has a good target list of email addresses to try and compromise in an attempt to intercept the coin or alter the bidding.
Then can you quote it? All that's relevant is that info may or may not be released on Monday, no exact time or time zone mentioned.
Bah.. I came back here for an update hoping for real content, but so far nothing. Really, we can just get rid of these first 5 pages. If results are to be released, what time and timezone would it be?
If you had bothered to read the last few pages you would have found the answer, several times.
Bah.. I came back here for an update hoping for real content, but so far nothing. Really, we can just get rid of these first 5 pages. If results are to be released, what time and timezone would it be?
In auctions of material goods, like cars or houses, the USMS contracts a private company to keep custody of the goods and allow inspection by prospective bidders. Check their pages for prior auctions.
Which is why this was a odd auction to start with.Tickets for big games are given to the Dept Heads
jk I think you made a mistake in the title by putting the word 'Results' in there.
Nope!
These are the results as relased so far by the government.
I guess Monday we'll find out the prices.
or they can pump the price up and then sale
In auctions of material goods, like cars or houses, the USMS contracts a private company to keep custody of the goods and allow inspection by prospective bidders. Check their pages for prior auctions.
Which is why this was a odd auction to start with.
I think you made a mistake in the title by putting the word 'Results' in there.
Nope!
These are the results as relased so far by the government.
I guess Monday we'll find out the prices.
Bidders understand this and will research prior owners, and how they treated and or up kept items. A drug dealer with a 5 million dollar mansion may have had all the walls ripped out by the DEA, might require 1 million in repair. But thats all the fun of the auction game.
In auctions of material goods, like cars or houses, the USMS contracts a private company to keep custody of the goods and allow inspection by prospective bidders. Check their pages for prior auctions.Which is why this was a odd auction to start with.
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