USMS: Single bidder wins all Silk Road bitcoins

The US Marshals Service (USMS) has announced that a single bidder won the entire stash of the some 30,000 bitcoins confiscated from Silk Road. Based on the current exchange rate, the amount is worth $18.8 million.

USMS spokeswoman Lynzey Donahue said that the winner of the auction was notified on Monday night and the transfer took place on Tuesday. The transfer can be seen on the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term here and below. Note the mention of "Silkroad Seized Coins" from earlier movement on June 12:

USMS did not disclose the identity of the winner or the winning price.

The Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term world now has some closure on this front. As of yesterday, little was known about the results and it was unclear how much information the USMS would disclose. The investigative nature of the community may lead it to do some forensic work to uncover the unknowns. Following the MtGox collapse, Bitcoiners were for months testing theories as to what exactly happened to the missing bitcoins. Along with various alleged hackings into MtGox systems, the blockchain served as a key tool in their investigations.

Bitcoin prices have slightly pared yesterday's gains but have not reacted significantly to the news, trading for about $635 on BTC-e. Volumes are low, averaging about 400 BTC/hour. They have not been pressured downward as a result of the fresh supply to the market.