Topic: Where has DPRs bitcoin gone ? (Read 263 times)
Where is the DPR bitcoin, according to what I read and receive information, the bitcoin dpr is at auction .. The initial auction saw fisher jurvetson's investors and draper partners ... the draper team bought nearly 30,000 btc ,, elsewhere, bitcoin exchanges were set up like coinbase and ibit declined to comment on their potential involvement with the auction
Do you have proof of this said premium?
- most likely not, because its not happening. Bitcoin does not differentiate the bits. Freshly mined blocks still contain fees, so they are not truly "virgin blocks" anyway. and there would be no way to tell which bits you are sending or receiving.
- most likely not, because its not happening. Bitcoin does not differentiate the bits. Freshly mined blocks still contain fees, so they are not truly "virgin blocks" anyway. and there would be no way to tell which bits you are sending or receiving.
Recently, the term virgin coins has been associated with the Grayscale Bitcoin Trust, which reportedly bought large quantities of such coins. It's no secret that such coins have a premium price, you can read about it if you make a little effort and find relevant articles, such as this one :
Quote from: https://cryptoinvest.tech/industry-execs-claim-freshly-minted-virgin-bitcoins-fetch-20-premium/
Bitcoin transactions are not anonymous and the blockchain provides the world with a record of every transaction that takes place when people send or receive the digital asset. It doesn’t mean that people cannot obfuscate their transaction data by using Tor, VPNs, and mixers like Cashfusion. But most people are unaware of such tools and their transactions can be traced all the way back to the coin’s creation. Freshly minted bitcoins are captured by miners hashing away at the network in hopes they acquire a new block. When a miner finds a block, the mining operation or pool is rewarded 12.5 coins per block. The coinbase reward of 12.5 bitcoins is comprised of coins that have never been transacted, as they are brand new and untouched. Cryptocurrency enthusiasts have called these new coins “virgin bitcoins” and there are claims that institutional investors will pay a 10-20% premium to get their hands on untouched crypto.
No matter how hard someone tries to hide the trace of their transactions or the origin of the coin, almost from the very beginning of Bitcoin there are those who develop tools to track and identify users and their transactions. If you don’t believe me, I suggest reading the following -> Snowden Reveals How NSA Tracked Bitcoin Users.
I've seen mentions of Ulbricht having more coins somewhere. It does seem a bit barmy to have them all accessible from one place but then again he made plenty of slip ups.
I've seen it mentioned many times. It seems outlandish but I can also believe it.
It'll be legacy finance that'll be most interested in it as they'll somehow believe it's unsullied and therefore carries less 'risk'. If you're looking to sell it in future to your other legacy buddies, or repackage it and sell to normies like GBTC they might believe it'll give them a sales edge or quieter life.
Do you have proof of this said premium?
- most likely not, because its not happening. Bitcoin does not differentiate the bits. Freshly mined blocks still contain fees, so they are not truly "virgin blocks" anyway. and there would be no way to tell which bits you are sending or receiving.
- most likely not, because its not happening. Bitcoin does not differentiate the bits. Freshly mined blocks still contain fees, so they are not truly "virgin blocks" anyway. and there would be no way to tell which bits you are sending or receiving.
I've seen it mentioned many times. It seems outlandish but I can also believe it.
It'll be legacy finance that'll be most interested in it as they'll somehow believe it's unsullied and therefore carries less 'risk'. If you're looking to sell it in future to your other legacy buddies, or repackage it and sell to normies like GBTC they might believe it'll give them a sales edge or quieter life.
As far as is known, the first auction took place in 2014 and then 30 000 BTC was sold to Tim Draper. Who bought the rest is not known to me personally, because a lot of names were mentioned, but most did not want to confirm it publicly, although there were those who publicly participated in auctions like Genesis Trading.
I think even then there was a kind of pickiness in terms of where this BTC actually came from, so they were already considered dirty at that time. Given that there are many companies today that deal with transaction analysis and the origin of BTC, it is no wonder that virgin (fresh mined) BTC is selling at premium price.
I think even then there was a kind of pickiness in terms of where this BTC actually came from, so they were already considered dirty at that time. Given that there are many companies today that deal with transaction analysis and the origin of BTC, it is no wonder that virgin (fresh mined) BTC is selling at premium price.
Do you have proof of this said premium?
- most likely not, because its not happening. Bitcoin does not differentiate the bits. Freshly mined blocks still contain fees, so they are not truly "virgin blocks" anyway. and there would be no way to tell which bits you are sending or receiving.
We all know the story of Ross Ulbricht aka Dread Pirate Roberts (DPR) and his arrest and incarceration (a real travesty) and we all know that his/silk roads bitcoin was confiscated by the FBI.
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
bitcoin isn't traceable as to knowing where and whole it was either sent to or stolen from unlike exchangers that have their names displayed in cases like the ethplorer.io explorer. It will not be out of place to state that most of those bitcoin have either been sold to people offline (not on exchangers) or possiby hacked or used as a medium of payment for a transaction.
it can be traced. the blockchain does not lie and there is a trail and all the more with the KYC done by exchanges.
its been auctioned as mentioned by the users above. there must have been a lot of discounts in buying from an auction in 2014. less people i guess are interested to BTC during that time. Tim Draper could have bought from exchanges during that time because there were no KYC yet.
We all know the story of Ross Ulbricht aka Dread Pirate Roberts (DPR) and his arrest and incarceration (a real travesty) and we all know that his/silk roads bitcoin was confiscated by the FBI.
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
bitcoin isn't traceable as to knowing where and whole it was either sent to or stolen from unlike exchangers that have their names displayed in cases like the ethplorer.io explorer. It will not be out of place to state that most of those bitcoin have either been sold to people offline (not on exchangers) or possiby hacked or used as a medium of payment for a transaction.
~
I edited my comment. Please check again. You might find it more organized and useful.All good mate - been through the links - and you’ve pretty much answered all my questions .Unfortunately it’s sent me down another rabbit hole - lol !
~
I edited my comment. Please check again. You might find it more organized and useful.
THANKS all who’ve responded 
@Bttzed03 and @Lucius - thanks especially for the Links I’ll go through them now - Saves me a good bit of head scratching
@Bttzed03 and @Lucius - thanks especially for the Links I’ll go through them now - Saves me a good bit of head scratching
We all know the story of Ross Ulbricht aka Dread Pirate Roberts (DPR) and his arrest and incarceration (a real travesty) and we all know that his/silk roads bitcoin was confiscated by the FBI.
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
Those bitcoins were auctioned off in a series of auctions bit by bit by the FBI and from what I remember this wasn't even the actual amount of bitcoins that were confescated from DPR, a lot of the bitcoins were already stolen from him by a few rogue FBI agents. This was the first major bust of a darknet market and still there are many loopholes in the theory of FBI on how they come to know about the real identity of DPR and a lot of people also believe that many facts were twisted to close down those loopholes and this case too. From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
As far as is known, the first auction took place in 2014 and then 30 000 BTC was sold to Tim Draper. Who bought the rest is not known to me personally, because a lot of names were mentioned, but most did not want to confirm it publicly, although there were those who publicly participated in auctions like Genesis Trading.
I think even then there was a kind of pickiness in terms of where this BTC actually came from, so they were already considered dirty at that time. Given that there are many companies today that deal with transaction analysis and the origin of BTC, it is no wonder that virgin (fresh mined) BTC is selling at premium price.
I think even then there was a kind of pickiness in terms of where this BTC actually came from, so they were already considered dirty at that time. Given that there are many companies today that deal with transaction analysis and the origin of BTC, it is no wonder that virgin (fresh mined) BTC is selling at premium price.
Auctioned.
Jun 2014: 1st auction (BTC29,655) was won by Tim Draper
Dec 2014: 2nd auction (BTC50,000) were won by Tim Draper (BTC2,000) and Barry Silbert's company - SecondMarket (BTC48,000)
Mar 2015: 3rd auction (BTC50,000) no specific details
Oct-Nov 2015: 4th auction (BTC44,341) no specific details but companies like Genesis Trading and Binary Financial were said to have participated.
Sources:
https://www.cnbc.com/2015/03/05/feds-auction-135m-worth-of-silk-road-bitcoins.html
https://www.coindesk.com/us-marshals-final-silk-road-bitcoin-auction
https://www.coindesk.com/genesis-trading-binary-to-bid-in-final-silk-road-bitcoin-auction
Jun 2014: 1st auction (BTC29,655) was won by Tim Draper
Dec 2014: 2nd auction (BTC50,000) were won by Tim Draper (BTC2,000) and Barry Silbert's company - SecondMarket (BTC48,000)
Mar 2015: 3rd auction (BTC50,000) no specific details
Oct-Nov 2015: 4th auction (BTC44,341) no specific details but companies like Genesis Trading and Binary Financial were said to have participated.
Sources:
https://www.cnbc.com/2015/03/05/feds-auction-135m-worth-of-silk-road-bitcoins.html
https://www.coindesk.com/us-marshals-final-silk-road-bitcoin-auction
https://www.coindesk.com/genesis-trading-binary-to-bid-in-final-silk-road-bitcoin-auction
We all know the story of Ross Ulbricht aka Dread Pirate Roberts (DPR) and his arrest and incarceration (a real travesty) and we all know that his/silk roads bitcoin was confiscated by the FBI.
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
From numerous news reports , for example ,
https://www.aljazeera.com/indepth/opinion/2013/10/fbi-bitcoin-address-2013102862850865999.html
and threads on this forum ,for example,
https://bitcointalk.org/index.php?topic=650089.120
We also know that the FBI itcoin address is
1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://btc.com/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
Balance 0.77594996 BTC
Owner Note DPR Seized Coins
Total Received 144,342.31199931 BTC
Tx Count 831
So we can see that there’s not a lot of BTC left - lol
What I can’t work out -WHERE DID IT ALL GO ?
Some was supposedly stolen?
Did anyone on this forum buy any ?
Was it bought buy 1 person or thousands of buyers ?
Sorry a lot of questions and I’m genuinely intrigued !
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