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Someone just made a $147,239,214 Bitcoin transfer
- Codhisattva 13y agoIs it possible to know the actual amount of money that exchanged hands?
- nwh 13y agoChanged hands? There's no way of knowing if that happened. This is likely just a wallet being consolidated rather than actual purchase of goods of currency. The only thing we know is that a large number of Bitcoin moved from somewhere to somewhere and it's worth a lot. Looking at where the funds went from there, they seem to be breaking it up into 4000BTC sections, probably onto paper wallets.
- VMG 13y agoYou know the amount of Bitcoin, which you can multiply by the current exchange rates. The actual monetary value you'd receive by selling all at once is different, of course
- stephanerangaya 13y agoNo. There is no way to know if they paid using cash or tomatoes.
- JonFish85 13y agoIf a cash transaction was made, that would pop up all over the place. $150m doesn't just show up out of nowhere.
- NDizzle 13y agoUnless you're the federal reserve/hedge fund.
- dllthomas 13y agoIf you're the federal reserve, it "pops up out of nowhere" in a sense, but on a public balance sheet. If this was the Fed going long bitcoin, we'll know...
- happimess 13y agoI'm sure that there are entities who have $150m in cash lying around. Drug cartels come to mind.
- breischl 13y agoLet's see, there are approximately 1.22 trillion US dollars in circulation [1], so that would amount to a massive .001% of outstanding dollars. It may not come from "nowhere", but neither is it such a massively huge amount of money that it would necessarily register. Heck, that hedge fund (Knight Capital?) lost that in about 3 minutes a few years ago... [1] - http://www.federalreserve.gov/faqs/currency_12773.htm http://www.federalreserve.gov/faqs/currency_12773.htm
- twotwotwo 13y agoLove this. 1 BTC == ??? plump juicy heirloom tomatoes.
- outworlder 13y agoCan we do the exchange in plump helmets?
- mkramlich 13y agoI'd be among the first to invest in Dorfcoin.
- brokentone 13y agoIt is possible to know 194,993.50000004 BTC changed between two addresses - these could be owned by the same individual, could be different accounts for the same individual. Anything else, USD, goats, Yuan, securities, etc that may have been traded would not be reported/recorded in the BTC transfer. edit: corrected by josephagoss, ty
- josephagoss 13y agoBetween two addresses, this transaction could easily be happening inside one wallet.
- deleted 13y ago[deleted]
- jMyles 13y agoGoats aren't tracked by the blockchain?
- iLoch 13y agoNot today, but tomorrow holds more possibilities.
- mkramlich 13y agopeople are building (and/or have already built) systems that allow parties to transfer both pure-digital-only assets (images, videos, music, ebooks, etc), and, the rights to RL assets (eg. a goat, a painting, a vehicle), both "on top of" the Bitcoin network/architecture as well as via completely separate but Bitcoin-like systems. Systems which are also distributed, anonymity/privacy-optimized, resilient, globalized, bureaucracy-routing-around, efficient, automation-friendly, fee-less, built/run by engineers & entrepreneurs rather than by politicians/lawyers/bankers/aristocracies, etc.
- penguindev 13y agoWell, I give that a few years before the government takes those dreams down to size, just like the NSA did of the entire internet. Keep dreaming. / super jaded
- rmc 13y agoWhat makes you think cash changed hands? Someone could be moving bitcoins between 2 of their wallets they own, or they paid in pizzas.
- deleted 13y ago[deleted]
- dcc1 13y agoIs that right someone transferred millions with 0 fees? cheapskates :D
- lelf 13y agoHigh priority transactions can be made without fees
- mpg33 13y agoTransaction priority are based solely on fee amount..no?
- josephagoss 13y ago| priority = sum(input_value_in_base_units * input_age)/size_in_bytes See https://en.bitcoin.it/wiki/Transaction_fees https://en.bitcoin.it/wiki/Transaction_fees
- elliottcarlson 13y agopriority = sum(input_value_in_base_units * input_age) / size_in_bytes A recently received single bitcoin can have a transaction fee, while one that has aged may not.
- josephagoss 13y agoDamn, how do you do quotes?
- elliottcarlson 13y ago4 spaces in front of the content - the problem with it is that on larger text, it puts it in a scrolling div, which is not easy to read.
- rallison 13y agoYeah, it is really meant for code snippets. Asterisks for italic is generally preferred for quotes. https://news.ycombinator.com/formatdoc https://news.ycombinator.com/formatdoc
- aroch 13y agoAs pointed out on Reddit, this wallet has made several large transactions since September: https://blockchain.info/address/1HBa5ABXb5Yx1YcQsppqwKtaAGFPYe5xzY https://blockchain.info/address/1HBa5ABXb5Yx1YcQsppqwKtaAGFP...
- shubb 13y agoI wonder if it is an early miner, or a certain black pirate...
- aroch 13y agoApparently people think its the Winklevoss' since they claimed to have bought ~1% of all BTC and the amount moved nicely coincides with about 1%
- psbp 13y agoSo if this currency does become ubiquitous the Winklevoss' will be the kings of the world? God dammit.
- julioademar 13y agoI believe the correct term is Winklevi.
- jdmitch 13y agoI think Winklevii is more commonly used on reddit
- jrs99 13y agoThey should really do a startup: www.winklevoss.com The original social network.
- sliverstorm 13y agoThat certainly is kind of a dark prospect. Random people a mixture of varying degrees of foresight, money, and luck, suddenly becoming the richest people on the planet. Gates built an empire. Yet the Winklevoss' will eclipse his wealth if BTC goes up just a few factors. I don't begrudge people their gains, I'm just thinking about the seismic shift in power.
- kmfrk 13y agoShould this be regarded as capital gains from currency speculation, when it comes to taxation, or how does something like this look to a tax attorney or accountant?
- ph0rque 13y agoThis might help: http://www.bitcointax.info/ http://www.bitcointax.info/
- Codhisattva 13y agoWow. That's an exhaustive discussion. +1
- nwatson 13y agoNot exhaustive enough. From the link: "Miners of Bitcoin face a host of unique tax issues that are outside the scope of this discussion." If I were mining I'd want to know the tax and legal implications, and there are no good sources out there from what I understand. The most burning questions: (1) for a miner based in the U.S., does the BTC miner realize a short-term gain the moment a bitcoin is awarded? or can they defer all gains until perhaps a year+ after mining and realize the whole sale as a long-term gain? (2) If short-term gains are due upon mining award, and the value at the time of award is US$1000/BTC, and the tax due on short-term gain would be US$300, and then BTC crashes to be worth $10/BTC before the miner sells the coin and never recovers, is the miner left holding the bag on the $300 short-term tax bill? (Similar things happened to stock option exercisers in the dot-com bust, people who held their exercised stock.) (3) Does tax treatment differ for solo- and pool-mining? I can see pool-mining being treated as offering a service to the pool, and any awards are immediately taxable as revenue, whereas in solo-mining perhaps one could argue the award isn't realized until one actually sells the BTC.
- tokenizer 13y agoI am not an expert, and am definitely bias, but I think (1) is that all gains are deferred until market. If you're paying a 15% tax on bitcoins mined, then it would stand to reason they would tax you at market, aka, when you exchange that bitcoin for USD. This is me thinking in terms as bitcoin being a commodity however. If this isn't the case, I'd imagine they could structure it like the structure it like reserves and resources, (http://goo.gl/MkDFNX http://goo.gl/MkDFNX). I'm a webmaster for hundreds of mining companies in Canada, and any of them who choose to trade on the TSX or TSX.V need to post this information. I don't know what the tax situation on that is however.
- this_user 13y agoIf the map is correct, the first node that saw the transaction is located roughly in Frankfurt, Germany which is a major financial centre. The transaction was made at 5:38 local time which is right around the time the Frankfurt exchange closes. Might be this transaction was done by a larger financial institution closing up shop for the week.
- josephagoss 13y agoRemember this is the first node that the Blockchain.info website saw. This relay information is extremely misleading. So that German node could have relayed the transaction from another node before Blockchain.info became aware of it. (Blockchain.info is connected to about 1% of all the active Bitcoin nodes)
- this_user 13y agoWell, how does the propagation of transactions in the BTC network work? I honestly don't know, but I would assume that it is more likely for the originating node to be near to the relaying node than not.
- nwh 13y agoEvery peer makes an announcement that they've seen a new transaction to every one of it's 8+ peers, if a peer doesn't know about the transaction that's announced, they send back an inventory request to get it for themselves. There's never really many degrees of separation between nodes, but you're probably incorrect in that blockchain.info knows anything about the originator of the transaction. They connect to a large number (abusively) of nodes, but not enough to do this sort of discovery. There's a reasonable portion that never expose themselves to the public network at all.
- dragontamer 13y agoOMFG, Bitcoin is so anonymous!
- lcasela 13y agoDo we know who these two people are? No? Then it's anonymous.
- sp332 13y agoIt's pseudonymous, because if they make a transfer later we'll still know it's the same people.
- dragontamer 13y agoPrecisely. Pseudonymous is not the same as "anonymous". Lets say the IRS are watching this (and why wouldn't they be?). They now know a multi-million dollar transfer has happened, and are beginning to track it down.
- sp332 13y agoThere's no evidence this was an American or in US jurisdiction. Is every country's tax agency going to launch an investigation?
- Turing_Machine 13y agoI wouldn't be surprised if multiple investigations were launched. The downside is that they lose a few thousand to a few hundred thousand dollars in employee time. The upside is that they potentially collect millions in taxes.
- Zr40 13y agoYou can't know that for sure. I could pay you 2 BTC by giving the private key to a wallet holding 2 BTC. You could even return change in the same way. The physical Bitcoins (like those by Casascius) work exactly like this: physical coins containing a private key hidden behind a seal.
- mariusz79 13y agoWell, this is just another reason why bitcoin will not work - you can track money changing hands.. Certain three letter agencies would have not trouble tracking most of the transfers, all over the world.
- btbuildem 13y agoOr why it would be ideal to be used by the government - so we could track how they move money around, prevent corruption and generally keep an eye on the untrustworthy ones.
- chroem 13y agoOr why it was created by the government. We still have no idea who Satoshi is, and bitcoin is obviously robust enough that it had to have been peer reviewed. It's the perfect honeypot.
- desbest 13y agoIf Bitcoin was created by the government, how can they tax it?
- mariusz79 13y agoLet's say that you pay for Virgin Galactic ticket - that will be a fairly large transaction pointing to your wallet. Someone will be able connect the dots and find out that you also bought Viagra, and a penis enlargement pump. Do you really want that connected to you? Another case - you buy something from one of the stores that accept bitcoins. That store may have the address of your bitcoin wallet. They will be able to use some clever algorithms to see how much money do you have available there, what did you use your bitcoins for, and more stuff like that..
- watty 13y agoYou could create a new Bitcoin Wallet and transfer the bitcoins to your "new" wallet.
- politician 13y agoIf you look at the tree view, the lump sum has already been broken down into smaller bits. https://blockchain.info/tree/98324324 https://blockchain.info/tree/98324324 Click the yellow circles to expand the tree nodes.
- klochner 13y agoThe original transaction was likely made at a discount to someone willing to peddle the smaller bundles.
- davecap1 13y agoMust be someone buying a seat on Virgin Galactic
- josephagoss 13y agoIsn't a seat 400 Bitcoin? That is a lot of seats, maybe they are buying the rocket and plane?
- Pxtl 13y agoWere any of these previously-thought-lost "dark" bitcoins, or was it all live bitcoin currency?
- Titusak 13y agoI still dont get how that kind of amount is cashed out. I mean, yeah, there is some brokers, but I dont think they have this kind of cash available...
- wmf 13y agoIt's just not cashed out. You'd have to spread it over a long time period.
- Codhisattva 13y agoCash doesn't have to change hands to exchange bitcoins.
- AlexMax 13y agoRight, but the question was about how to cash out.
- paraboul 13y ago"cash out" is a wrong word. Bitcoin IS a currency/cash. The goal is to buy actual things with it and not necessary exchange it with another currency
- truthlaidbear 13y agoNot for speculators.
- petercooper 13y agoIt's not hugely different to if you had $150m in Albanian lek or Abkhazian apsar. You would find it ridiculously hard to convert into an alternative currency in one go and even if you did you'd probably be getting a bad deal (and could even devalue the currency in those two examples). Ultimately, there's always a price that you can convert ("cash out") anything at. For example, I'd be willing to pay $100 for 100 bitcoins right now. Eventually a seller and buyer will find a meeting ground, a transaction is made, and value is defined.
- ck2 13y agoThat's nothing, someone owns (owned) six million litecoins: http://ltc.block-explorer.com/address/LTpYZG19YmfvY2bBDYtCKpunVRw7nVgRHW http://ltc.block-explorer.com/address/LTpYZG19YmfvY2bBDYtCKp...
- shawabawa3 13y agothat's like $60million isn't it? how is $147million nothing?
- ck2 13y agoImagine if litecoin goes to $100 next year, now calculate.
- matthuggins 13y ago$147m is nothing! Imagine what the value of this Nerf dart sitting on my desk could be next year!
- justinsteele 13y agoYou're going to call an existing transaction nothing based on speculation from another currency?
- chenster 13y agoRussian mobs.
- szatkus 13y agoOr Heisenberg.
- fragsworth 13y agoConsider this: They paid $0.00 for the transfer of $150 million dollars. A direct (i.e. not based on third party credit, regulations, etc.) transfer of wealth of this magnitude between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold. Depending how safely you want to make the transfer, and how far the entities are on the globe, it can cost hundreds of thousands to millions of dollars. Bitcoin has real value. It solves problems on an incredible scale. I wish I realized this months ago.
- kmfrk 13y agoI really am not a bitcoin fan, but my hatred towards PayPal's payment monopoly may one day weigh more heavily than my reservations about cryptocurrency. :)
- oijaf888 13y agoHow often is there a direct transfer of this size? Fedwire moves about 2.7T/day and I believe it would have cost $0.26 to transfer this amount, assuming that its at the upper end of their sliding scale ($0.08 - $0.26/transfer).
- latj 13y agoBesides cost there is also risk- a transfer of this size in the light of day would raise a lot of questions- Where did this money come from? Was tax paid? And depending on the reason for the transaction regulators may interfere or freeze the funds.
- glesica 13y agoYes, because making sure someone isn't buying a nuke on the black market and is paying the taxes they owe is just terrible. Don't get me wrong, the regulatory framework for money transfers seems to suck, but I don't want to go from "shitty regulation" to "zero regulation", I want to go from "shitty regulation" to "smart regulation".
- 13y ago
- seabrookmx 13y ago> Someone This is a little misleading. This could be a business etc. A mining pool or exchange transferring from one wallet to another (ie. to cold storage)? You wouldn't want a typo in your address for that amount of cash! I'd probably break it up into a bunch of smaller transactions just to be safe.
- clarkm 13y agoLuckily Bitcoin addresses use Base58 encoding [1] and have built-in checksums, so any typo you make likely won't be a valid address. [1] https://en.bitcoin.it/wiki/Base58Check_encoding https://en.bitcoin.it/wiki/Base58Check_encoding
- mayneack 13y agoAnd a transfer to an invalid address just fails?
- clarkm 13y agoYep - the default client won't let you send to an invalid address. And even if you used client software that was broken and performed the check incorrectly, the transaction would still be rejected by the other nodes in the network.
- scintill76 13y agoNot necessarily. The protocol itself doesn't use base58 or the typo checksum, AFAIK. If your client sends out a hash it derived from a typoed base58 string, nobody on the network will know it was a typo, they just see a 20-byte hash that could be anything.
- deleted 13y ago[deleted]
- mkramlich 13y ago... and I go right back to building something to help Bitcoin mitigate risks
- tsaoutourpants 13y agoFBI clearing out DPR's accounts? ...or DPR associate moving around his money? ;)
- altoz 13y agoSomeone wanted to be on the bitcoin 100 richest list.
- shocks 13y agoSomeone trying to get #1 on http://bitcoinrichlist.com/top100 http://bitcoinrichlist.com/top100 ? Seems very reckless. All your eggs in one basket.
- bigstueyc22 13y agoAfter recent fluctuations it's very hard to predict what, if any impact this will have on it's value.
- nly 13y agoHardly. If you tried to sell 195,000 coins you'd wipe out all the exchanges and cause a crash. Talking numbers, you could sell them all on BTC-E right now, bagging you just $7M, and take the price down to ~$36. You can spread that around the exchanges of course, if you're quick, but you're still nowhere near $147M at current market depth.
- mortehu 13y agoWhy do you seem to think that selling them all at once is the only way to sell them?
- crazydoggers 13y agoExactly this! What the heck would you do with $150 million in cash... stick it in a $250,000 FDIC insured bank? Most people with this level of wealth diversify their holdings, which makes the total amount less liquid, but much more secure, as well as providing protection from inflation or returns on investments. Real wealth often does not have perfect liquidity, and I would argue in these amounts, almost never does. Selling 100s of thousands of dollars worth of bitcoins a year for USD would hardly put a dent in the markets, and is probably the most anyone would want to do. The purchase of an asset would instead be made directly with bitcoins in a transaction such as this.
- skorgu 13y agoA redundant array of insured deposits of course. I'm actually serious, there's a service called CDARS [0] that balances a large number of individual CD accounts of varying expiration times and maintains the 250k per individual per institution invariant. It acts like as single (albeit illiquid) bank account. [0] http://www.cdars.com/ http://www.cdars.com/
- nly 13y agoEven in 10,000 BTC chunks you're looking at dents in the market price of ~30% at most exchanges. How long would you plan on selling off these coins if you chose to do so?
- neakor 13y agoWhat does the "shit load of money!" mean on the transaction page?
- sp332 13y agoIt's a link to a reddit thread discussing the transaction.
- dmix 13y agoWhoever owns this wallet used it to gamble on https://letsdice.com/ https://letsdice.com/ https://blockchain.info/tx/a80f91549f863ccb58603e45a37980e3010a17ba70622c11d024e6cc84fd42d3 https://blockchain.info/tx/a80f91549f863ccb58603e45a37980e30...
- Keyframe 13y agoSo much for anonymity of Bitcoin.
- baby 13y agoI think you never really understood how bitcoin works if you make that statement. All bitcoins wallets, and their transferts, are public.
- deleted 13y ago[deleted]
- BlackDeath3 13y agoI'm surprised that anybody visiting this site could still be so ignorant about Bitcoin.
- dmix 13y agoI don't think there is a single topic that exists right now, that people are willing to debate while being completely ignorant of it, more than Bitcoin right now. That applies to HN/reddit, TV talking heads, and real life.
- gph 13y agoBesides healthcare, taxes, foreign policy, evolution ...
- Kiro 13y agoMost people don't care about Bitcoin.
- jhhn 13y agoOMG... is someone buying a nuke? !!!
- tokenadult 13y agoIf this was an actual transfer of ownership of Bitcoin at all near that value, this would trigger money-transfer reporting requirements under the laws of most countries,[1] especially if this was an international transfer of ownership. I see that all the other comments here are speculating about what exactly happened here, and one astute comment before this one pointed out that the actual owner of the Bitcoin may still be the same individual person both before and after this blockchain transfer. It will be interesting to see how the regulatory environment keeps up with the implementation of Bitcoin, which so far is a very tiny percentage of the world economy. There were also statements in some previous comments that this transfer was made for free. It is true enough that a Bitcoin transfer doesn't inherently incur a processing charge from a merchant payment processor, but as merchants learned back in the Middle Ages when charging interest was formally illegal, the price of a transaction can hide financing and processing costs. We don't know what was agreed with whom by whom to make this transfer happen. The transfer may have occurred at a higher than list price for something that was bought, to make up for the ongoing inconvenience of receiving a payment using the new Bitcoin payment mechanism. [1] One example, among many: http://www.consumerfinance.gov/remittances-transfer-rule-amendment-to-regulation-e/ http://www.consumerfinance.gov/remittances-transfer-rule-ame...
- rainmaking 13y agoGiven the transfer of ownership could just as well have occurred by transferring the private key of the address, these requirements are going to get pretty hard to enforce.
- ikawe 13y agoI think that scenario is pretty unlikely for large exchanges. If someone gave me a copy of a private key, corresponding to some bitcoins, I wouldn't consider it payment, as they still have the private key as well (meaning they could still spend the bitcoins at any time). It's more like a "shared account" at that point.
- daemonize 13y ago
- roasbeef 13y agoIt was Richard Branson..most likely someone paying for their ride to space in BTC.
- fpp 13y agoand already on its way back to one of its original wallets https://blockchain.info/address/1HBa5ABXb5Yx1YcQsppqwKtaAGFPYe5xzY https://blockchain.info/address/1HBa5ABXb5Yx1YcQsppqwKtaAGFP...
- jluxenberg 13y agoAre those editorialized links added by Blockchain.info admins, or are they part of the block chain itself? ("gotcha" and "shit load of money!")
- nwh 13y agoThey're added by users of blockchain.info. The actual blockchain does not store any metadata. http://blockchain.info/tags http://blockchain.info/tags
- splitbrain 13y agoInteresting! Any idea how the verified tags work? Who verifies what and how there?
- nwh 13y agoNothing by the looks of things. I tried a few and it looks like the target URL you put in must contain the address somewhere, otherwise it's not verified. I guess it's to stop people flooding spammy names.
- nwh 13y agoNothing by the looks of things. I tried a few and it looks like the target URL you put in must contain the address somewhere, otherwise it's not verified. I guess it's to stop people flooding spammy names.
- hkbarton 13y agowow, 7kb data value 150 million dollars, what a crazy world.
- mynameishere 13y agoAbout 0.000028 times as big as daily forex trading.
- billions 13y agoWith a significant number of casual PCs storing bitcoin the virus industry is about to become WAY more lucrative for the bad guys.
- bhartzer 13y agoIs there not a limit to the amount of money that can be transferred via Bitcoin?
- wmf 13y agoIn theory a single transaction cannot involve more BTC than exists, but that's not a practical limit since you couldn't buy all the BTC that exists anyway.
- fat0wl 13y agoDoesn't anyone find it odd that the price is quoted in USD and not BTC?
- jedicoffee 13y agoThis was obviously made by someone with very large botnet.
- bvttf 13y agoAnyone know of any genius graphics programmers who have had access to lots of high-end GPUs, who might be retiring soon?
- _prometheus 13y agoThis stage of BTC growth is lovely. If you have a lot of it, you can issue transactions that might increase the total value. Not claiming this was the aim here, but certainly an effect :) If this same owner splits the holdings up slowly, transfer wallets, and then recombine it again, it might spike up once more. People will definitely catch on, but it might bring up the value a couple hundred dollars in the hype. Might make millions in the confusion.
- mswe 13y agoEverybody is suddenly a currency expert. Remember the days when everybody was a real estate investor? Yup. I'm gonna enjoy the show from the sidelines.
- jyf1987 13y agoi am worried about sha256 and finally mathematicans could get rid of poor now
- mike_esspe 13y agoKarl Gray claims the transfer https://twitter.com/paradimeshift/status/404043972646932480 https://twitter.com/paradimeshift/status/404043972646932480 https://twitter.com/paradimeshift/status/404042739127308289 https://twitter.com/paradimeshift/status/404042739127308289
- downandout 13y agoMy guess: Bail money for DPR.
- EGreg 13y agoThey couldn't spare even 0.5 for fees?
- Datsundere 13y agoMight be the german govt. They've been advocating open source and linux for a while now. Maybe trying out buttcoins.
- rikacomet 13y agoHere is my analysis: Time: 17:30 - 1738 roughly 5pm europe time, past the 9-5 general business hours . If all the parties or just the reciepients are based in europe, between legal and illegal.. I would tap this as illegal. It just doesn't make sense.. for someone doing a legal transfer of this size, after business hours, unless.. senders were based in US. Going through the direct senders (1 step back), the time with least 1k BTC+ transactions was 0200, 0400, 0500.. while with most big transactions were made around 1300, 1500, 2100 .. suggesting that these transaction were roughly either made from US to Europe, if of legal nature.. or within europe.. suggesting something shady. Very very crudely speaking. Yeah, everything is possible, and the above is not necessarily true, but it appears so, at least to me. Amount: 194k bitcoins Multiple connected accounts who sent to the above address seems to have had 220k+ in total recieved and looking at denomination, it didn't seem like lot of normal people were involved. Besides, with this kind of money involved it is wise to have 10 or less people involved who are highly trusted. This appear so also, with how countable no of bitcoin addresses were used to say "bounce" the trace of that money. Skill wise, these are not normal people.. but given HOW this ended up in public domain, they could have done slightly better. I get the feeling you get from govt hired people doing such things, no offense.. but somewhere below the elite, but above the average joe. It is also possible that a bigger or equal (more likely) sum was also transferred elsewhere. Movement seem to have stopped.. due to attention it has already garnered or is it the actual resting place? If it would be illegal, one would have had no problem keeping it in multiple bitcoin wallets in smaller amounts. But if it is someone, with legal force on side.. say govt agency, it would not have problem leaving the bitcoins in such limelight, for a long time, as long as they believe that bitcoin is actually 100% and not 99.9999999% impregnable. Motive, as discussed slightly above, can be mainly either "convenience of centrality" > or > "hiding a bigger sum" .. well I at least won't be putting my money in BTC for my own reasons. I got that feeling today to use it.. but I resisted. BTC is genuine, but the currently it seems like a pyramid fraud system which is perfectly legal strictly speaking. More people putting in money in BTC system.. already rich getting richer.. tickle down effect :? Well 150 million.. has really left a lot of questions .. or its nature, motive, ownership, moral, etc. Who would answer? No one.. ironically.. thats a big problem as well a big benefit of BTC. I'm sorry.. lot of things I said above are based on feelings, but to tell you the truth, before today, BTC was in a nutshell somewhat easy to understand.. but 150 million.. is a figure that can give any guy a lot of different vibes, speculative as well as wild goose chase type.
- penguindev 13y agoMy ignorant BTC question is this - does knowing that this 'address' has this much money make it a target for people to crack its key?
- keyme 13y agoIf the key was randomly generated (not derived form a passphrase), it is impossible to crack the key. Usually when people talk about cracking a "key", they refer to brute forcing a passphrase that either protects the real key (encrypted wallet), or is used to derive the key (brainwallet).
- squozzer 13y agoWild-ass guesses: 1) Someone at the NSA 2) Barack Hussein Obama 3) Me I hope the national-security apparati have a handle on this -- wouldn't want the evidence of a smoking gun to be a mushroom cloud...
- eliben 13y agoIs it only me, but such things make Bitcoin seem somwhat... less private... than real money?
- spindoctaa 13y agocan it be related to this at all? https://bitcointalk.org/index.php?topic=54673.1120 https://bitcointalk.org/index.php?topic=54673.1120 can someone do any further checks on the information below as a lot of people have lost out on a lot of bitcoins, including myself. Please check the magento company and if possible further info on 50BTC. http://myip.ms/info/whois/5.9.245.120/k/1171871757/website/50btc.com http://myip.ms/info/whois/5.9.245.120/k/1171871757/website/5... I don't need any sarky should haves or comments, just advice or routes to take. We're all on this earth together no??
- spindoctaa 13y agocan it be related to this at all? https://bitcointalk.org/index.php?topic=54673.1120 https://bitcointalk.org/index.php?topic=54673.1120 can someone do any further checks on the information below as a lot of people have lost out on a lot of bitcoins, including myself. Please check the magento company and if possible further info on 50BTC. http://myip.ms/info/whois/5.9.245.120/k/1171871757/website/50btc.com http://myip.ms/info/whois/5.9.245.120/k/1171871757/website/5... I don't need any sarky should haves or comments, just advice or routes to take. We're all on this earth together no??
- RAJB 13y agoEverything you need to know about bitcoin is contained in this articlear http://seattletimes.com/html/businesstechnology/2002020751_beaniebabybubble31.html http://seattletimes.com/html/businesstechnology/2002020751_b... If you don't understand why, then thank God you are not working in a bank. Banking is one of the most innovative, talent hungry industries in the world, with the anomaly of (and exception in) the US retail market due to legal idiosyncratic US regulation.. Mand
- SuzieFlo 13y agoI had some one steal my laptop, which had all of information on it and also had a wallet with well over $300,000 worth in bitcoins. My laptop was stolen back in April, right when it was beginning to soar. I had written everything down on paper and had it in the laptop case which they took too. I looked for a verification email and it was no where to be found. I am so depressed about this. Right now I am in a struggle losing my home to foreclosure, never did I think I would miss out on an opportunity like this. Its like winning the lottery, but losing your ticket. Sighhhhh......... Now... all Ive got is an empty wallet. 16syUE7aoGTM6BTvn1N9zf6UUCcUcRaHfL I dont even want to mention how much time I spent online searching for my wallet. Sucks!