phoenix1
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December 06, 2014, 02:14:34 AM

Worst case scenario ensues -- the Coins are dispersed amongst multiple owners increasing the probability of some dumping activity -- and people are interpreting it as uber-bullish. This place never ceases to give me something to laugh about.



I don't know about this being worst case scenario, but LMAO it was pretty much as you predicted. "Draper only got 2k OMG bullish as fuck, buy all the coins" lol
No idea what happens next, but that sure was funny

Seems like I owe Ms Ember an apology  ... sorry  Embarrassed ... she has now published an article quoting Draper, and it appears to be true that he only got 2k

http://dealbook.nytimes.com/2014/12/05/venture-capitalist-tim-draper-wins-small-piece-of-bitcoin-auction/?module=ArrowsNav&contentCollection=Business%20Day&action=keypress&region=FixedLeft&pgtype=Blogs

Quote
“I will have to buy some more Bitcoin on the open market to fulfill my commitment to the new batch of Boost companies,” Mr. Draper said in an email

Good that he wants to buy more, but clearly he will do it over time. And what his bids were is unknown ...
Why he buy more already at lower prices, who knows ??

Not so great when it gives the number of participants in the syndicates. That Silbert's numbers sounded great at the time, but compared to the last round ... meh.

Quote
SecondMarket said its syndicate received 104 bids from eight bidders, significantly fewer than the 186 bids from 42 bidders in the first auction. Likewise, Dan Morehead, the founder of Pantera Capital, said fewer investors participated in his syndicate this time, though he declined to give any figures