Would it be ironic if the US Treasury was the secret bidder on the auction?

BitcoinFr34k

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Quote from: QuestionAuthority on March 11, 2015, 02:43:24 AM

They could buy all Bitcoins currently in existance with the congressional budget for champagne and condoms. I don't think there has ever been a purchase large enough to be a government.

This is (generally) true. The government tends to spend a lot of money and tends to spend much more money then they really should be spending.

The US government budget is hundreds of times larger then the market cap of bitcoin and it would really not make much sense for them to be in the business of buying/investing in bitcoin

lucasjkr

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No. No reason for the treasury to be interested. And if they were, they'ed let the DOJ knks that and the coins never would have come up for auction

Slaxt

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Gone......

Quote from: Blinken on March 10, 2015, 10:34:31 PM

Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

Lol are you trolling are you trying to be serious because dude that is crap. I mean at least give us a reason to why you would think that would be a possibility?

If it was the case they would have been sold and know one would have been informed i say sold what i mean is given but firstly they have no use for them secondly zzzzZZZZ

Beliathon

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Quote from: Blinken on March 10, 2015, 10:34:31 PM

Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

No, because that's not what irony means.

findftp

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Delusional crypto obsessionist

Quote from: Blinken on March 10, 2015, 10:34:31 PM

Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

They are already heavily invested.
All you see now is just for the show.
They don't need those few k bitcoins because they already have thousands.
They *will* let us know about it, but not yet.

NUFCrichard

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Quote from: Blinken on March 10, 2015, 10:34:31 PM

Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

As they can print as much fiat "money" as the want, they could pretty much buy up Bitcoin if they so chose. Any left over Bitcoin (in the US) could be seized.
They have plenty of ways to largely take over bitcoin, if they wanted to. I don't really see why they would do it by buying small tranches in the Feds auctions.

It would be very interesting though. I would rather it be a big investor, like a Bill Gates or Warren Buffet though, but that also seems unlikely.

QuestionAuthority

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You lead and I'll watch you walk away.

They could buy all Bitcoins currently in existance with the congressional budget for champagne and condoms. I don't think there has ever been a purchase large enough to be a government.

Possum577

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Loose lips sink sigs!

It wouldn't be ironic, by definition. But it would be very, very interesting...and perhaps typical (if you believe in some conspiracy theory stuff.)

Kprawn

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Nope, They already benefitted from the auction.... why double dip?

I think transparency will be a issue, and opposing parties will use that as ammunition, if they get caught out. Wink

If they really wanted to spoil the party, they could have dumped all those coins in one go... The secret bidder will eventually be revealed and my bet is not on the government. Grin

freedomno1

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Quote from: Blinken on March 10, 2015, 10:34:31 PM

Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

Not sure if it would be Ironic or if it would be a question of how anyone did not see it coming
Anyways until they reveal themselves I guess it could be anyone's guess.
But I think the bidder is an established party until proven otherwise could even be the new venutre capital group were talking about right know that funded the 21.co organization if we were to be speculative about it.

pooya87

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whit these rises and falls in price, government wants in too. Cheesy

TrailingComet

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Ironic would not be the word, machiavellian would be

TheButterZone

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Lauda

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Terminated.

Indeed it would. I actually think that some governments have been actively pushing the price down with bad news, to slowly buy in.
Don't be surprised if you see such situations.

SLVR4ME

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Quote from: TheButterZone on March 11, 2015, 12:14:34 AM

Wouldn't it be ironic if THE FEDERAL RESERVE was?

I dont think this as very far fetched at all....

TheButterZone

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Wouldn't it be ironic if THE FEDERAL RESERVE was?

Blinken

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Would it be ironic if the US Treasury was the secret bidder on the FBI auction of the seized Silk Road coins?

Topic: Would it be ironic if the US Treasury was the secret bidder on the auction? (Read 1155 times)