USMS Asset Forfeiture Bitcoin Sale

Weird. Why not sell them in much, much smaller increments? You stand a way better chance of getting full market value if you don't enforce the artificial liquidity constraint of "only buyers who want a zillion bitcoins right now". Or just legitimately sell them on an exchange. Is there a reason the gov't would be obligated to go about it inefficiently?

&gt; The USMS will not transfer any bitcoins until it has confirmed receipt of purchase funds from the buyer.<p>I wonder if you can reverse the wire and keep the bitcoins.<p>&gt; The USMS will not transfer bitcoins to an obscene public address, a public address apparently in a country restricted by the Office of Foreign Assets Control (OFAC), a public address apparently associated with terrorism, other criminal activities, or otherwise hostile to the United States.<p>How would a bitcoin address be located in a foreign country? Or even located anywhere?<p>And wouldn&#x27;t anyone participating in this create a brand new address with the private key in cold storage?

I wonder whether they will get a better deal through a sale like this than simply selling them on an exchange (or exchanges). Do they sell on an exchange when they need to dispose of other assets that have exchanges for trading?

I wonder if this makes legal precedence that the US GOV is giving it&#x27;s stamp of approval that bitcoin is valid and legal.<p>i.e. when they seize drugs they don&#x27;t auction them off because they are illegal. When they seize fake iPhones I&#x27;m sure they don&#x27;t auction them off because they are fake and illegal.<p>Buy auctioning BitCoins it seems to me they&#x27;re saying &quot;It&#x27;s a legal thing you are allowed to buy and sell&quot;.

Didn&#x27;t they seize a lot more BTC from Ross? I heard something in the amount of 150,000 coins.

so the US government says Bitcoin is legit? good.<p>Forfeiture is a scummy thing by the feds, but I&#x27;ll take a 2017 vette with those bitcoins.

Yeah, why not just sell on a market like any regular person would do.

United States vs Bitcoin wallet?<p>I hope the bitcoin wins.

Maybe someone would pay a premium to own Ross Ulbricht&#x27;s BitCoin.

&gt; FOR SALE<p>&gt; 2,719.32669068 bitcoins<p>&gt; The required deposit to participate in this auction is $100,000.00 USD.<p>As of today 2719 Bitcoin equals $1,597,793 (Source: google)<p>This is a weird auction, putting Bitcoin risks aside, Bitcoin <i>is a currency</i>. Is there auctions such as &quot;FOR SALE: 1,000,000€&quot; ?