Mysterious Creator Of Cryptocurrency Bitcoin Revealed

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. Silk Road 3 is up and running with a big selection of goods.

>> Click here to find the Silk Road 3 Guide <<

The identity of the elusive Satoshi Nakamoto, creator of the world’s first cryptocurrency Bitcoin, has finally been discovered! Or has it?

According to Wired and Gizmodo, the person behind the well-known pseudonym is no other than an “Australian finance geek”, Craig Wright.

Bitcoin is a digital currency which was introduced back in 2009. It can be “mined” by dedicated computers that perform some complex mathematical operations; the “miner” gets reworded with certain amount of Bitcoins. It is estimated that Satoshi Nakamoto has accumulated around 1 million Bitcoins, equivalent to impressive £250 million!

Soon enough, after the appearance of Bitcoin, a new “space” on the internet started blooming – the Dark Web, and when the most notorious market, the Silk Road started in 2011, it introduced Bitcoin as the only valid payment method.

In fact, there are some notions that the Silk Road creator, Dread Pirate Roberts, was linked to Satoshi Nakamoto prior to Silk Road project. Allegedly he was given quite a number of Bitcoins soon after their invention. Not only that, the origin of these Bitcoins given to him is rather symptomatic as well – apparently there is evidence that they came from an account directly associated with the earliest Bitcon mining! Could it be that the Silk Road founder and Satoshi Nakamoto knew each other way before the Silk Road affaire?!

Who is Craig Wright?

Craig Wright According to journalists who managed to capture the information about Wright from his LinkedIn profile before he deleted it – he is an “Australian IT and security consultant.” From the same account it could also be drawn that he’s somehow linked with the government institutions among others and that he’s an academic at Charles Sturt University.

As said earlier, he is a computer security expert, running his own company, living in Sidney, Australia with his wife and children; a common family man, one would think. He doesn’t even own a house or an apartment; he lives in a rented place! Being an adjunct lecturer at Charles Sturt University, it gave him the credibility to write for the Conversation.

According to Dr. David Glance, contributor to Conversation interviewed by Guardian Wright cannot be Nakamoto:

“There’s absolutely no way in hell that this guy is involved. He was full of himself back then.

He never talked about bitcoin, he never wrote about it. He was a sort of security person, a consultant to the industry, and he kept writing articles about how Anonymous were evil, and the evils of hacking – all the rest of it.”

Apparently, Wright was writing about Anonymous and hackers as bad guys, which is not strictly speaking the expected viewpoint of someone who just invented the first cryptocurrency in the world. Or perhaps he just didn’t like the idea that his masterpiece – Bitcoin – had its biggest usage on Dark Web Markets; for, in just 2 short years of its existence, it is estimated that the Silk Road marketplace was worth several million Bitcoins!

Clues that Support Wright-Nakamoto Connection

There are a number of symptomatic clues to support the idea that Wright is indeed Satoshi Nakamoto.

First of all, Wired and Gizmodo remind us that at one point Wright wrote a book review on Amazon.  The book was called Digital Gold: The Untold Story of Bitcoin by Nathaniel Popper, a journalist for the New York Times. Apparently, Wright got really annoyed that the book proposed Satoshi Nakamoto to be an American.

A month later, someone hacked into Craig Wright’s computer and sent the hot information to Popper. The hacker implied that the info was linking Wright to Nakamoto. However, Popper “didn’t find it convincing at that time” and he ignored it.

Hacker next offered this piece of intelligence to Wired and Gizmodo and needless to say – both have found it interesting enough.

One of the incriminating clues the hacker shared with Wired and Gizmodo is a transcript of an interview conducted at the Australian Taxation Office. It remains unknown whether the transcript is genuine and how the tipster came into its possession, but according to this document, Wright complained that “I did my best to try and hide the fact that I’ve been running bitcoin since 2009 but I think it’s getting – most – most – by the end of this half the world is going to bloody know.”

A subject for discussion here is the meaning of the term “running” – what does it refer to?! Does it mean being responsible for creating and running the Bitcoin or it simply means mining the Bitcoin?

A somewhat new event is also rather symptomatic – there have been some notions that Satoshi Nakamoto might have been nominated for the Nobel Prize! Only if he wasn’t so anonymous. This again annoyed the temperamental Craig Wright and he made some quite interesting comments on Twitter: “‘Identity’ is not your name. Where people go wrong is that they do not see it to be the set of shared experiences with other individuals. We are a product of the things we create. They change us.”

There is also a video showing Wright skyping into the Bitcoin Investor Conference and it’s more than interesting to observe his reaction when the moderator asks him who he was and how he first learned about bitcoin?

Why was Wright’s House Raided?

Wright’s House RaidedAs soon as the link between Wright and the Bitcoin founder Satoshi Nakamoto saw the light of day, his house was raided by Australian Police. They searched through his garage and cabinets looking for evidence in a case they are conducting against him. According to Police spokesperson, this case has nothing to do with Wright being the Bitcoin creator. However, the spokesman also said that “if the raids are not linked, the timing – shortly after Wright’s name was made public – is likely to continue to raise questions.”

Wright wasn’t present at the time of the raid. In fact, nobody really knows where he is or his family. His landlord said that Wright was talking about moving to London.

It remains uncertain whether Craig Wright truly is Satoshi Nakamoto. And, despite of the overwhelming hope of Bitcoin enthusiasts all over the world that its creator is finally found; it is still too early to be certain of anything.

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Four Winners In The Last Silk Road Bitcoin Auction

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. Silk Road 3 is up and running with a big selection of goods.

>> Click here to find the Silk Road 3 Guide <<

 US Marshals Service just announced that its fourth auction of the Silk Road bitcoins (which was also the last) ended with four winners. This announcement verified the speculations that were surrounding the event held on 5th November. During this event, there were 11 registered bidders who were competing for blocks that were totaling to 44,000 BTC. They were valued at around $14.6M. The previous auction of 50,000 bitcoins was held in the month of March 2015. Two more auctions were held in June and December in 2014. The US Marshals Service revealed that the auction held on 5th November was the final auction.

Bitcoin

It is only one of the winners who have been unmasked so far. Most people hope that the others will be unmasked sooner rather than later. iBit, a New York based bitcoin company has confirmed that it has successfully secured 5 blocks on behalf of a group of investors and clients. However, the figures that were provided by the US Marshals Service (USMC) shows that the total amount garnered by iBit was surpassed by another entity which is yet to be unmasked. The unknown entity garnered above 24000 BTC (this is roughly equal to $8.1M). The other unknown bidders claimed smaller fractions of the total. The agency said that the bidders won approximately 4000, 6000, 10,000 and 24,341.

The participation this time was once again down compared to the first auction held in June 2014. The June 2014 event attracted 45 bidders who placed 63 bids. The third bitcoin auction held in March 2015 also attracted more bidders than the latest event. There were 14 bidders who placed 34 bids.

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Former Mt. Gox CEO Charged With Embezzlement

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. Silk Road 3 is up and running with a big selection of goods.

>> Click here to find the Silk Road 3 Guide <<

The Mt. Gox and Mark Karpeles are in news again. Those who had been following the Mt. Gox saga wouldn’t be surprised to know that after nearly six weeks of his arrest, Mark Karpeles, former CEO of the bitcoin exchange, have been charged with embezzlement.

Mt. Gox has been embroiled in speculation and controversy since its bankruptcy in early 2014. The New York office of the U.S. Attorney General reportedly issued a subpoena for determining factuality of the missing funds reports. Investigators have been trying to ascertain the whereabouts of millions of dollars and the reason for their disappearance. Also, Japanese prosecutors launched a special investigation into Mt. Gox, which resulted in the arrest and now framing of charges against Karpeles.

Alleged crime of Karpeles

MtGoxAs reported by Japan’s Kyodo News, Karpeles is suspected of moving money into his own company’s accounts from the accounts of his clients. Allegedly, he transferred the money from Gox’s bank account to other accounts in October 2013. The total amount transferred is around $2.7 million.

Apparently, he used most of the money for buying licenses for 3D-rendering software. However, some of the money was also spent on a highly expensive “custom-built bed.” Karpeles had denied any wrongdoing at his company before he was arrested in August. According to him, he did everything to prevent any wrongdoing but it still happened. He blamed hackers for the loss of bitcoins and the eventual collapse of Mt. Gox.

Although this is the first time Karpeles has been charged for a financial crime, he had been a suspect in a cybercrime before. In Feb, 2014, the Department of Homeland Security (DHS) special agent Jared Deryeghiayan disclosed that during 2012 and 2013 Karpeles was pursued as a suspected operator and owner of the Silk Road. At that time, Mark Karpeles was the CEO of Mt. Gox and the Silk Road was a massive online drug market.

Bitcoin bubble and Mt. Gox bankruptcy

BitcoinThe tech industry was captivated by the bitcoin bubble in late 2013 to early 2014. Over the period of two months the price of bitcoin rallied from nearly $118 to around $1000. Several rags to riches stories emerged, and many more people started getting interested in the quick earnings that bitcoin seemed to offer.

During this time, Mt. Gox emerged as the largest bitcoin exchange in the world. Therefore, becoming one of the most visible sign of the bitcoin bubble. Until it filed for bankruptcy citing losses of tens of millions of dollars.

Experts believe that the lack of control and regulation in the bitcoin market makes it a highly risky investment. However, Mt. Gox claimed that it fell into bankruptcy because more than $450 million disappeared. They alleged that the money was stolen by hackers. However, investigators found that another $2.7 million were absent from the company’s bank account, for which its CEO Mark Karpeles was arrested.

Conclusion

Karpeles is still in the custody of Japanese authorities, and he has the right to file for “release pending trial” petition in the court. Whether he exercises this right or not remains to be seen. Although complete details of the prosecution’s case are not yet known, the odds are stacked against Karpeles as the conviction rate in Japan is nearly 99 percent. In the Silk Road investigation, Mark Karpeles came out clean. Let us see whether Karpeles can come out clean of this case as he came out of the Silk Road investigation.

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The Effect Of Silk Road On Bitcoin And Tor

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. Silk Road 3 is up and running with a big selection of goods.

>> Click here to find the Silk Road 3 Guide <<

The aftermath of Silk Road was that the Tor project and the Bitcoin were specifically used for illegal activities. Some people have even gone ahead to dismiss Bitcoin as a criminal tool while Tor as a tool used in the dark world of hackers to commit criminal activities. However, this was not the case when the two were discovered. Tor was originally designed by the US Naval Research Laboratory for the primary purpose of protecting government communications online. As for Bitcoin, it is a digital currency invented by Satoshi Nakamoto. It was meant to cover exciting uses that could not be covered by any previous payment system and most importantly was the fact that it was meant to be decentralized such that no institution controlled it.

Tor and Bitcoin

When building Silk Road, getting the drugs was the easy part but the hardest part was discovering a way to sell the drugs online without being discovered by the authorities and this is how the site’s creator decided to settle for the Tor software. This was going to guarantee his invisibility in the web. This also allowed websites to be set under similar curtain of obscurity.

The second tool that came in handy was Bitcoin. With Tor alone, any customer could visit site and buy what they want without being tracked. However, the creator realized that some customer would want to pay for the drugs without having to send money through the mail. Bitcoin was the best option since the blockchain ledger on Bitcoin would indicate that the coins are moving but the recipient’s bitcoin address and the name will still remain anonymous on either end. Hence, the people involved in the trade will still remain unknown.

Silk Road Marketplace

This is how the two ended up being the main tool used in Silk Road to carry out the trade of illegal drugs hence tarnishing their purpose.

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Ireland Men Busted For Selling Drugs On The Silk Road Site

ANNOUNCEMENT: Since the Silk Road 2.0 bust by the feds a few other Darknet Markets have fallen. The best Darknet Market available is the Agora Marketplace. It has the best reputation and a bigger selection of goods than Silk Road 2.0.

>> Click here to find the best alternative: Agora Marketplace <<

McManus and MilliganOn April 2015, two Northern Ireland men who ran a drugs “party pack” international business with the use of an online underground marketplace called the Silk Road were jailed. Ryan Thomas McManus, 31, and Ryan Michael Milligan, 29, who had been arrested in August 2013, were given seven year sentences – half of it to be served in prison and the other half on license upon release. The sentences were passed by Judge McFarland after the two pleaded guilty of all the charges against them.

During the court’s hearing of the case a week earlier, the Crown Prosecutor’s report explained that McManus and Milligan were arrested and a search was conducted on properties linked to them and drugs were seized. The report further explained that du ring the 18-month period of offending, the two received packages of drugs brought to addresses that were affiliated to them. They also transacted using a virtual mailbox facility in Belfast. An account with the company was opened by McManus using fake credentials and parcels were subsequently sent to the account. An investigation was later launched and McManus was caught leaving the company with a white package via surveillance.

On 5th August 2013, a courier’s attempt to deliver a parcel at an address in Dunwellan Park in Newcastle but nobody answered his call. The package was sent back to the depot and was opened and a large number of tablets were found in it. A search was conducted at the Dunwellan Park address and Connor Devenney, the occupant, was arrested. Later that day, McManus was arrested after police connected with the search spotted a vehicle registered under his name parked near an alley in the area. The officers approached him when they saw him walk out of the alleyway. In the vehicle, they found the key to a garage which they searched and found ’42 exhibits’. Also searched that day was Milligan’s Dundrum home where he was arrested for suspicion of drug offences. The three were taken to police custody for further interrogations.

When the men were arrested and the unraveling of the Silk Road happened in 2013, the FBI seized little under 40 orders of class A and B controlled drugs awaiting dispatch to recipients in Israel, Ireland, Greece, Sweden, Russia, USA, and within the UK. Mr. Conor Devenney, who died on the eve of the day the case was set out, was employed as the courier. He was responsible for the movement of the drugs out of and into the UK.

McManus and Milligan used aliases Blackwater86 and Sonicdrone and would order drugs through instant messaging services, website forums and emails, using North America, Netherlands and China-based suppliers. They paid for drugs and accepted payments from customers using virtual currencies such as bitcoin.

FBI

When officers searched their properties, they seized computers, phones, printers, iPads, banking details and passports, packaging and large amounts of controlled drugs such as amphetamine, 4-MEC, ecstasy, cannabis and LSD substitute tablets with “Sponge Bob Square Pants” face printed on them. Computers seized were analyzed and the result showed that they use the Silk Road site to advertise their business to the worldwide market. The approach really worked as they facilitated around 300 bespoke orders between May 2012 and July 2013. The transaction list revealed that they were mostly dealing with clients from Sweden, India, Italy and Russia.

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Bitcoin Entrepreneur Begins His 2-Year Sentence

ANNOUNCEMENT: Since the Silkroad 2.0 bust by the feds a few other Darknet Markets have fallen. The best Darknet Market available is the Agora Marketplace. It has the best reputation and a bigger selection of goods than Silkroad 2.0.

>> Click here to find the best alternative: Agora Marketplace <<

Silk RoadBitinstant CEO and founding board member of the Bitcoin Foundation, Charlie Shrem began his stint in prison on March 30th 2015 having been sentenced on 19th December 2014 to 2 years in prison. Shrem had pleaded guilty to a reduced charge of aiding and abetting the operation of an unlicensed money transmitting business.

Charlie Shrem, 25 will serve his time at USP Lewisburg in Pennsylvania. It’s a high security federal prison, but Shrem will be in the minimum security satellite camp.

Shrem was arrested at JFK Airport on January 26 2014, while returning to the United States, after attending a convention in Amsterdam. Shrem along with Robert M. Faiella were accused of selling more than $1 million in bitcoins in a money laundering scheme that involved users of Silkroad – the notorious online black market that was ultimately shut down. Shrem was also accused of wilfully failing to file suspicious activity and operating an unlicensed money transmitting business.

Charlie Shrem used his Bitcoin exchange, Bitstant, to transfer money deposited in bank accounts by clients of the Silkroad.

Shrem’s co-defendant, Robert Faiella, was sentenced to four years in prison in January 2015 after he pleaded guilty to operating an illegal money transmission business. Faiella had been operating a bitcoin exchange on the Silkroad website.

BitcoinsAccording to court documents, between December 2011 and October 2013 when Silkroad was seized by federal agents, Faiella, operating under the user name BTCking on the Silkroad website, allegedly obtained Bitcoins through BitInstant, and then sold them at a profit to drug sellers and buyers on the Silkroad website. Bitcoin was the only form of currency that was used on the Silkroad website to buy drugs and other paraphernalia that were marketed through Silkroad.

Shrem hopes that he’ll only have to serve 9 or 10 months of his 2-year prison sentence. During his stay at the Lewisburg Federal Prison Camp, he’ll share a cell with 2 or 3 inmates. Shrem will be able to stay in contact with the outside world through e-mail, and has requested that people send him messages during his prison time. Additionally, Charlie asked for people to send him magazines and books, letters and articles. He is also encouraging the bitcoin community to send him money that he plans to use to pay for food, e-mail and stamps, phone access and other items.

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What Is The Impact Of The Silk Road Trial On Bitcoin?

ANNOUNCEMENT: Well it has happened! Another Silkroad Darknet Market has spawned after the demise of Silk Road 2.0. The new site is called Silk Road Reloaded and is utilizing different technology than its predecessors therefore a new guide for Silkroad Reloaded will be coming soon. In the meantime Agora Marketplace is still alive and kicking bigger than ever with more listings than Silkroad 2.0.

>> Click here to find the best alternative: Agora Marketplace. <<

HackerPopular culture has considered the crack-down on illicit darknet sites by the US government an indication that Bitcoin, the choice currency for transactions on online black market sites such as Silk Road, is open to exploitation by criminals looming in the dark recesses of the web. The logic for this conclusion is quite damaging to the world’s most popular cryptocurrency, and quite misleading.

It turns out that the Silkroad trial had a very small impact on bitcoin. If anything, it is the digital currency that had a significant impact on the Silk Road trial. After all, without this digital currency, the Silk Road would have essentially being a regular criminal trial about a marketplace that dealt in contraband and other illegal services. So, bitcoin made the trial more interesting.

BitcoinThe trial may have in fact helped bitcoin gain legitimacy. When Silkroad founder was nabbed and millions of bitcoins seized from him, it was demonstrated that bitcoin is not an easy way for online criminals to avoid the rule of law. Bitcoin can no longer be considered as a currency that favors criminals because of its alleged impenetrable anonymity. Bitcoin blockchains leave a trace, and this means that the identity of the users can ultimately be established.

Frankly, despite what most people think, the Silk Road has not ruined bitcoin’s public perception. The trial has proven that bitcoin is a legitimate currency that does not favor the sprouting of online criminal enterprises by offering perfect anonymity. Because of this trial, people now realize that bitcoin transactions can be traced, and this means that criminals can still face the law. Law enforcement authorities just have to learn the technicalities of this technology and eventually gain the skills required to enforce the rule of law where for crimes involving the use of bitcoins.

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The Silk Road Trial Denotes A “Bad PR Moment” For Bitcoin

ANNOUNCEMENT: Well it has happened! Another Silk Road Darknet Market has spawned after the demise of Silk Road 2.0. The new site is called Silk Road Reloaded and is utilizing different technology than its predecessors therefore a new guide for Silk Road Reloaded will be coming soon. In the meantime Agora Marketplace is still alive and kicking bigger than ever with more listings than Silk Road 2.0.

>> Click here to find the best alternative: Agora Marketplace. <<

Ross UlbrichtProsecutors in the Silk Road case look likely to use the cryptic and pseudonymous nature of bitcoin to their advantage as the prosecution of Ross Ulbricht, alleged Silkroad mastermind strides into its second week. Washington D.C. based cryptocurrency legislation expert Jared Marx saysbitcoin’s complexity provides just the right ammunition that the prosecution needs. Mr Marx thinks the prosecution will try to convince the jury that the anonymity that comes with transferring bitcoin and the fact that such transfers do not need banks associates the cryptocurrency with illegal dealings.

During period of the dark net bazaar’s operation, it did allegedly process transactions worth more than $1 billion in illegal goods transactions. Moreover, all these transactions were completed in bitcoin. The fact that this cryptocurrency traded online owns no allegiance to any central bank and that it is difficult to trace could not have come at a more inopportune time.

Despite bitcoin transactions’ shady nature, Mr Marx still thinks bitcoin is mature enough to fend off any ‘bad PR moment’ that the Silk Road trial brings its way. According to him, there are two faces to this situation: The effects of this trial on bitcoin as a brand and the regulations as they stand now. Bitcoin may be associated with illegal activity but policy makers had figured this out long ago.

BitcoinDespite this general belief and the fact that bitcoin is not the focus of the Silk Road alleged mastermind’s trial, it remains a vital resource in this case. All transactions made in bitcoin as well as public records related to this currency may offer crucial evidence for both sides of the divide. So far, the prosecution has not presented in court specific bitcoin transaction. There however is no doubt that they will. They however face an uphill task explaining all this new information concerning bitcoin and hoping the jury will buy it. This is especially so, considering that opposing sides of the case cannot seem to agree on the definition of technical terms.

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Mother Of Alleged Silk Road Mastermind Blasts US Drug War And The Growing Scope Of Online Surveillance

If you want to visit Silk Road 2.0 then you will want to know that it was shut down by the feds on 5th November 2014 and the alleged operator “Defcon” has been arrested. The best alternative is Agora Marketplace, it actually has more listings than Silk Road 2.0. Silk Road 3.0 is ALREADY live and there will be more info about it here soon.

>> Click here to find the best alternative: Agora Marketplace. <<

Silk Road MarketplaceIf you have been paying attention at all to the darker fringes of the internet, there is a good chance that you have heard of the Silk Road. This website hidden in an anonymous area of the web has caused quite the stir recently, including a rather high profile bust by US authorities.

 

Ross UlbrichtLyn Ulbricht’s Son Ross was arrested in San Francisco in 2013 for allegedly being the mastermind behind the Silk Road. The site according to some was a bastion for private drug deals and even hiring hit men. It used the virtual currency bitcointo make transactions difficult to trace. Needless to say a site like this will attract the attention of the authorities.

Lyn has had a lot to say about the recent events that include her son. She was recently at a gathering of interested people to discuss the dark web, including sites like the Silk Road, and the increasing scope of government spying and surveillance. She defended her son claiming that prosecutors were making unfounded allegations of murder against her son. She said that they have effectively “poisoned the trial”.

She was also critical of the US Governments controversial War on Drugs. She discussed wondering if it has simply been a great excuse to expand the prison systems, referring to it as a “prison industrial complex”. She added that if this was the goal they have been successful at achieving it.

Her blasting of the US Authorities included delving into online surveillance and privacy. She accused the FBI of using illegal methods of gaining entry to the servers that ran the Silk Road, including hacking their way in. Overall, the conversation showed how law enforcement’s tries to police a borderless online realm and called the US Authorities out for continuing to increase the areas that it places under its blanket of surveillance.

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Familiar Participants Will Be Taking Part Once Again In The Second US Marshals Bitcoin Auction

If you want to visit Silk Road 2.0 then you will want to know that it was shut down by the feds on 5th November 2014 and the alleged operator “Defcon” has been arrested. The best alternative is Agora Marketplace, it actually has more listings than Silk Road 2.0. Silk Road 3.0 is ALREADY live and there will be more info about it here soon.

>> Click here to find the best alternative: Agora Marketplace. <<

BitcoinsThe US government’s planned second auction to liquidate 50000 bitcoins its agencies seized from the alleged mastermind of Silk Road, Ross Ulbricht, seems to draw a parallel with the initial auction. This follow up action is attracting the same buyers who took part in the initial offer of 30000 bitcoins, also seized from the alleged dark net bazaar.

Some of the noteworthy participants who took part in the initial sale and are expected to make another dash in the sophomore auction include Bitcoin Investment Trust, Binary Financial, Pantera Capital, Bitcoins Reserve, Mirror and American venture capitalist Timothy Cook, known in the bitcoin circles as Tim Draper. It appears the two overwhelming reasons for participation are financial strategy and media attention though many bidders admit the auction may receive a little less of the latter as compared to past sales.

BitcoinStrategy is still important considering the interest bitcoins continue to generate as a preferred investment opportunity. Bitcoin’s maturing market however makes auctions less and less advantageous and this is even more so now that the currency’s customer base has slightly gone down.

The 50000 Silk Road bitcoins to be offered in this second auction is only about a third of what was seized from Ulbricht. The US Marshals Service confirms it will sell the remaining in days to come though it has not set a date. Despite the auction, the liquid proceeds are still a subject of courtroom contests as the alleged Silk Road mastermind says he obtained the currency through lawful means.

About five bitcoin powerhouses are on record with public announcements alluding to their participation in this second auction. Tim Draper’s reasons for his interest in Silk Road’s heist are attractive market price coupled with the currency’s potential as a distortive technology. One participant in the summer auction who would prefer to stay away from this second offer citing important other important reasons as the cause, is Bitcoin Shop.

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