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I am under the impression that they are auctioning off bitcoins that belonged to "The Silk Road" and not "Ross Ulbricht". There is no doubt in anyone's mind th
by GigabyteCoin 12y ago
I am under the impression that they are auctioning off bitcoins that belonged to "The Silk Road" and not "Ross Ulbricht".
There is no doubt in anyone's mind that the bitcoin sitting inside the silkroad wallets was free for the taking by U.S. authorities.
Whether or not Ross Ulbricht's wealth is owed to the U.S. government they're not sure, so they're keeping them until the trial has completed.
- waterlesscloud 12y agoI'm not sure they really belonged to The Silk Road. Didn't they really belong to the users, who had them on deposit on The Silk Road? I guess the law would see that as belonging to the business holding them, but I'm not sure that's morally correct.
- PeterisP 12y agoFirst, this is explicitly unclaimed stuff; any who had a (in their mind) legitimate claim on those bitcoins had an option to claim [part of] them as their property; apparently noone did. And if it's the property of Silk Road, then no matter what their deal was with the users, when it closes shop then the due process generally doesn't involve giving parts of their assets to users or creditors - the due process is to auction off those assets (as they're doing now) and settle those liabilities with US dollars; so again, people can claim that Silk Road owes them bitcoins, and they can get paid an appropriate share of this sale.
- brasky 12y agoI think there was one guy who was trying to get his coins back.