US Marshals to Auction 50,000 Ross Ulbricht Bitcoins

RedhatCAT

full member

Activity: 123

Merit: 100

Quote from: Shattered on February 19, 2015, 07:07:31 PM

Quote from: ericjarvies on February 19, 2015, 01:50:12 AM

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

I could not agree with this post more.
I would not buy these "stolen" coins for $0.01 on principal alone.

There is no such thing as stolen coins. Bitcoin is fungible therefore regardless of the source of the inputs from the coins they will be treated the same as any other bitcoin.

What you are proposing is to reduce the fungibility of bitcoin which will in turn cause bitcoin to ultimately fail.

I don't like the government forcibly the coins either, however avoiding them like this is not the solution

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: oblivi on February 19, 2015, 04:48:09 PM

What exchange are they going to use?

It is going to be an auction, not sold at an exchange.

Shattered

sr. member

Activity: 448

Merit: 250

Quote from: lyth0s on February 19, 2015, 07:12:14 PM

Quote from: Shattered on February 19, 2015, 07:07:31 PM

Quote from: ericjarvies on February 19, 2015, 01:50:12 AM

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

I could not agree with this post more.
I would not buy these "stolen" coins for $0.01 on principal alone.

You want bitcoins to be less fungible?

I dont want any of my money going to any institution that makes money off of stealing.
It would be one thing if the funds produced from this type of auction would go to legit social services such as the Veterans Association or funding of domestic schools etc. but we all know thats not the case.

The money produced from auctions like these will most likely end up in a place where society sees the least amount of benefit.

lyth0s

legendary

Activity: 1260

Merit: 1000

World Class Cryptonaire

Quote from: Shattered on February 19, 2015, 07:07:31 PM

Quote from: ericjarvies on February 19, 2015, 01:50:12 AM

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

I could not agree with this post more.
I would not buy these "stolen" coins for $0.01 on principal alone.

You want bitcoins to be less fungible?

Shattered

sr. member

Activity: 448

Merit: 250

Quote from: ericjarvies on February 19, 2015, 01:50:12 AM

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

I could not agree with this post more.
I would not buy these "stolen" coins for $0.01 on principal alone.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Great time to buy with prices so low:
Will the same Billionaire win the auction again?

kpitti

legendary

Activity: 924

Merit: 1002

Quote from: BADecker on February 19, 2015, 04:12:06 PM

Does it make sense to sell my holdings with the expectation of a lower Bitcoin price, where I can buy back in?

Yes, I think you are right.

calfries

newbie

Activity: 54

Merit: 0

I guess you have to project what you think the value will be in the future. How high do you think Bitcoin will go again?

fritz

newbie

Activity: 45

Merit: 0

How can someone submit a bid of purchase, a process that obviously will take days or weeks on a fluctuating currency?

oblivi

hero member

Activity: 700

Merit: 501

What exchange are they going to use?

bitllionaire

legendary

Activity: 1120

Merit: 1000

and they still have 44k bitcoins remaining to sell

BADecker

legendary

Activity: 3906

Merit: 1373

Does it make sense to sell my holdings with the expectation of a lower Bitcoin price, where I can buy back in?

Eastwind

hero member

Activity: 896

Merit: 1000

Quote from: ericjarvies on February 19, 2015, 01:50:12 AM

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

Bidders can bid lower price for those coins.

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

It seems pretty messed up to me on their site
http://www.usmarshals.gov/assets/2015/dpr-february-auction/

Undecided

ericjarvies

newbie

Activity: 7

Merit: 0

People should avoid purchasing these coins like they avoid the plague, because purchasing these coins is simply financially rewarding a government that is entirely opposed to the people, and the proceeds the government receives for them coins will go directly towards the prosecution of more American people... none of those funds will go towards the betterment of the American people.

It would be one thing if the American people were in fact in control over their government, but this clearly is not the case, and has not been the case for a very -very- long time.

Divinespark

hero member

Activity: 938

Merit: 501

Aye, and this is a great buying opportunity for someone with the wallet
Talk about making the wealthy even wealthier Wink

Coinbuddy

hero member

Activity: 896

Merit: 1000

The United States Marshals Service (USMS) has announced that it will be auctioning 50,000 BTC from Ross Ulbricht’s personal holdings in March. Ulbricht was convicted of being the mastermind behind Silk Road, an infamous dark net drug marketplace, and is currently awaiting sentencing.

Topic: US Marshals to Auction 50,000 Ross Ulbricht Bitcoins (Read 2037 times)