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US Marshals Auctioning $20M Worth of Silk Road's Bitcoins
coondoggie writes: The U.S. Marshals office says it will auction off almost 50,000 bitcoins (about $20 million worth) seized from alleged Silk Road creator Ross Ulbricht. The auction, which is the second sale of Silk Road's bitcoin collection, will take place during a 6-hour period on Dec. 4 from 8:00 a.m. until 2:00 p.m. EST. Bids will be accepted by email from pre-registered bidders only, the U.S. Marshals office said. In June more than $17 million in bitcoins seized from the Silk Road take-down were auctioned off.
Do you know how hard it is to find quality MDMA?
It's fucking impossible. Unless you want shitty speed you need a really good connection, which I sadly can't find.
Will they accept bitcoins?
So, his trial hasn't even started yet, but they're already auctioning off what they seized as part of the investigation.
There's sleazy, and then there's the U.S. Marshals.
Benford's Corollary to Clarke's Law: "Any technology distinguishable from magic is insufficiently advanced."
After the auction the Bitcoins will be confiscated as they were previously the proceeds from illegal drug transactions.
Name:
Address:
Email:
Photo (full face, left and right view):
What is your interest in acquiring seized Silk Road bitcoins:
Behold, this dreamer cometh. Come now, and let us slay him... and we shall see what will become of his dreams.
Civil Asset Forfeiture
Hmm, the humour and sarcasm seem to have been be lost on you.
He had 20 mil worth of Bitcoins? He should have sold them all himself and then fled the country.
Unlike the US marshals, Dread Pirate Roberts has a sense of decency.
The creatures outside looked from Alt-Right to Antifa; but already it was impossible to say which was which.
Dear U.S. Marshals, I am prepared to offer TEN Dogecoins for each ONE Bitcoin.
Get free satoshi (Bitcoin) and Dogecoins
They're being auctioned off, with agreement from Ross Ulbricht, due to the volatility of BTC. There will be a separate civil forfeiture trial later.
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No, people using his website had 20 mil in btc. Unlike the feds, DPR did not steal anyone's coins to enrich himself.
The feds robbed the users of this popular eCommerce site, and pointed to archaic prohibition laws as a justification for their theft. The US government has been at war with its own citizens for far too long, and needs to be stripped of its power to harm peaceful people.
Civil forfeiture does not require a guilty verdict.
“He’s not deformed, he’s just drunk!”
Dread Pirate Roberts has a sense of decency.
I'd have a lot more sympathy for him if he'd stuck to drugs rather than attempting to hire hits(contract murders) through his own site.
I don't read AC A human right
Oh, that made me laugh. I can set up a website to sell handguns to convicted felons and murderers with no paperwork. To top it off, it would be 100% legal.
You should read the law, it is amazing what you learn. For example, the working replica of an 1861 naval revolver requires no paperwork, no registration, can be sold online, and can be shipped to anywhere in the US.
And for the record, I sold gray area items on silk road. Things that you can legally sell, however CC merchant accounts, paypal, google pay, etc. will not let you process the payments. The used of bitcoin and the anonymity of SR allowed me to make a lot of money at it.
They sold more than drugs on silk road and there were quite a few legal/gray area items available.
So, rather than just selling them on the exchanges, they're pricing them in huge blocks that only the wealthy can afford. I mean seriously, how many folks here have $150k burning a hole in their pocket that they want to plunk down for some bitcoin? I truly hate our government. These bitcoins are going to be sold a huge (unrealized) loss to the wealthy, who are going to turn a giant profit. Fantastic. No wonder it's 'closed' bidding.
I had a few bitcoins stored there at the time. I am not a a US citizen, do not live in the US, nor did I purchase from anyone in the US. Yet suddenly the US government has my money. Regardless of what law they use to justify it, it certainly feels like theft.
Really? So you're claiming that you were instead sidestepping his question, and misleading everyone into thinking you were on about actually answering his valid point? You REALLY want to make that claim?
How can a rational human prefer to be thought a troll and a moron over just simply ignorant?
somewhere, on a Big Red Sign:
if(color==blue){speed--;}