Bitcoin pioneer Charlie Shrem to sell rare crypto artifacts
Early Bitcoin items become collector’s rarities. Charlie Shrem to auction first Bitcoin Magazine issue and other artifacts
Bitcoin Foundation co-founder and former BitInstant CEO Charlie Shrem has announced that he will auction 12 Bitcoin-related memorabilia items on the Scarce City marketplace.
The timing of the auction coincides with the 10th anniversary of Shrem’s release from prison, where he served time for selling $1 million worth of bitcoin to customers of the darknet marketplace Silk Road.
Among the rare pieces up for auction are the first-ever issue of Bitcoin Magazine (May 2012) featuring a BitInstant advertisement and signed by Shrem, a Bitcoin-inscribed ring, and even a diary he wrote during his incarceration in 2014–2015.
“These things are not just mine — they are the scars and sparks of Bitcoin’s early days and its first fire,” Shrem said.
Shrem was arrested after U.S. authorities shut down Silk Road in October 2013 and prosecuted its founder Ross Ulbricht. Shrem pleaded guilty, received a two-year prison sentence, and was released early in September 2015.
The early Bitcoin era is becoming legendary
Ulbricht, sentenced to life in prison for his role in Silk Road, was pardoned by U.S. President Donald Trump in January this year. He also used Scarce City to sell memorabilia tied to his arrest and imprisonment, earning $1.8 million in total.
Meanwhile, according to Cointelegraph, despite the age of the Silk Road case, prosecutions continue. In July, U.K. authorities sentenced a former National Crime Agency officer to more than five years in prison for stealing 50 BTC confiscated from a Silk Road 2.0 co-founder, the successor of the infamous darknet marketplace.
As we wrote, From prisoner to millionaire: The new life of Ross Ulbricht
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