Author

Topic: VC Tim Draper wins Bitcoin Auction, What will happen next? (Read 2143 times)

full member
Activity: 238
Merit: 100
Is there any news yet about how much Draper actually paid?

Has he actually done something great with the coins he acquired? I think his plans were quite interesting and could actually help people who are bound to economies that actually slow them down instead of helping them.

Can't these people just use foreign currencies or even PM as a store of wealth? I don't understand this notion around here that the world's poorest people who live in the worst economies...

A) Have money to save
B) Have a smart phone or other device that can store bitcoins
C) Are going to choose to invest it in a currency that has already fallen over 50% since the start of this year, when again, they can easily store it in foreign currencies

You guys need to think about this stuff for a moment, like, actually use your brains.

This isn't even a troll post from a troll poster. This is correct. There are some situations in countries with true hyper-inflation that may justify this. Otherwise, people in poor countries are very literally using money they cannot afford to lose.
sr. member
Activity: 1428
Merit: 251
Is there any news yet about how much Draper actually paid?

Has he actually done something great with the coins he acquired? I think his plans were quite interesting and could actually help people who are bound to economies that actually slow them down instead of helping them.
I don't think he has done anything with them yet. He has said that he plans to expand the accessibility of bitcoin in places where it is difficult to buy bitcoin today (likely third world countries).
sr. member
Activity: 1512
Merit: 292
www.cd3d.app
If someone only has Bitcoin, and no action, do not care about the price
member
Activity: 70
Merit: 10
Is there any news yet about how much Draper actually paid?

Has he actually done something great with the coins he acquired? I think his plans were quite interesting and could actually help people who are bound to economies that actually slow them down instead of helping them.

Can't these people just use foreign currencies or even PM as a store of wealth? I don't understand this notion around here that the world's poorest people who live in the worst economies...

A) Have money to save
B) Have a smart phone or other device that can store bitcoins
C) Are going to choose to invest it in a currency that has already fallen over 50% since the start of this year, when again, they can easily store it in foreign currencies

You guys need to think about this stuff for a moment, like, actually use your brains.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
Is there any news yet about how much Draper actually paid?

Has he actually done something great with the coins he acquired? I think his plans were quite interesting and could actually help people who are bound to economies that actually slow them down instead of helping them.
sr. member
Activity: 266
Merit: 250
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...

If anyone who understands Bitcoin, that at this time and age, that one can get 30,000 bitcoins one go, at the price he paid, that they wouldn't give anything to be in his shoes much less ridicule him and thought it's funny, no.

Can someone decipher this? I feel like it may mean something. Is there anyone around from the 1600s?



Yes. It means fuck you to you
full member
Activity: 152
Merit: 100
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...

If anyone who understands Bitcoin, that at this time and age, that one can get 30,000 bitcoins one go, at the price he paid, that they wouldn't give anything to be in his shoes much less ridicule him and thought it's funny, no.

Can someone decipher this? I feel like it may mean something. Is there anyone around from the 1600s?

sr. member
Activity: 266
Merit: 250
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...

If anyone who understands Bitcoin, that at this time and age, that one can get 30,000 bitcoins one go, at the price he paid, that they wouldn't give anything to be in his shoes much less ridicule him and thought it's funny, no.
sr. member
Activity: 246
Merit: 250
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...

It would not do much for his reputation.
KLD
newbie
Activity: 21
Merit: 0
Would be funny if Tim Draper was left holding the biggest bag of odorous excrement ever assembled in the history of Bitcoin (stolen from Margin Call) this exchange start up would be getting the hurry up by now...
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
He could probably have got a better deal by waiting until now to buy.
Let's see you put a 30k BTC buy order in and see what it does to the price.
legendary
Activity: 2114
Merit: 1015
He could probably have got a better deal by waiting until now to buy.

The higher you are the harder you fall Cheesy
sr. member
Activity: 246
Merit: 250
He could probably have got a better deal by waiting until now to buy.
legendary
Activity: 2114
Merit: 1015
cut loose Tim Draper

Maybe he already did? Cheesy
KLD
newbie
Activity: 21
Merit: 0
cut loose Tim Draper
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
Is there any news yet about how much Draper actually paid?
There was some speculation on this forum at the time based on other known bids, over $650 a coin if I remember right.

Yeah, but I thought people filed FOIA requests to get the precise number. I thought they should have an answer on those by now.
sr. member
Activity: 336
Merit: 250
Is there any news yet about how much Draper actually paid?
There was some speculation on this forum at the time based on other known bids, over $650 a coin if I remember right.
sr. member
Activity: 298
Merit: 250
Play2Live pre-sale starts on January 25th
Is there any news yet about how much Draper actually paid?
member
Activity: 72
Merit: 10
http://www.ahametals.com/vc-tim-draper-wins-bitcoin-auction/

Venture capitalist Tim Draper won the U.S. Marshals bitcoin auction earlier this week that captured about $18 million for 30,000 bitcoin, according to a statement emailed to Reuters on Wednesday.

So if someone has bunch of bitcoin (well 30k isnt really bunch but something big) and he keeps it so price will continue to rise or fall?
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