Post
Topic
Board Bitcoin Discussion
Re: Is the rumor about the latest 50,000 BTC auction true?
by
cheekychap
on 07/03/2015, 09:32:31 UTC
50K bitcoin is around 13 million at todays conversion rate. Seems a lot of money to me. Where does the entire 39 million go after the acution ?

I don't know the background of this situation with these coins but if there are people involved and their coins stolen, they will all be repaid. The rest of the money goes to the state or remains seized.

I don't think anyone is repaid, as it was coins confiscated from the silk road. And those are coins which people have used to buy drugs , and other illegal stuff.
None of them will be asking the government for their coins to be given back to them.