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Bitcoin => Bitcoin Discussion => Topic started by: OROBTC on August 18, 2015, 09:59:07 PM



Title: BIG transactions with Multi-Sig Addresses
Post by: OROBTC on August 18, 2015, 09:59:07 PM
...

Recently browsing the blockchain, I have come upon a number of LARGE transactions involving just (or almost all) multi-sig wallets (3xxxxxxxxxxxxxxx...).  Here is an example of a transaction of over $5,000,000:

https://blockchain.info/tx/62d1da0dc2c7bc7dd7c07e24f076c9100604f9c5f5b52e835d7671f87566c392

(I may have seen that address 1HNS....... before).

I have not lately seen any Block Winners using multi-sig addresses.

Comments?


Title: Re: BIG transactions with Multi-Sig Addresses
Post by: unamis76 on August 18, 2015, 10:03:02 PM
Maybe an online wallet moving funds? Some organisation storing funds securely? Not sure...

Also, can block winners be multisig addresses? I'm not sure they can.


Title: Re: BIG transactions with Multi-Sig Addresses
Post by: ashour on August 18, 2015, 10:37:17 PM
...

Recently browsing the blockchain, I have come upon a number of LARGE transactions involving just (or almost all) multi-sig wallets (3xxxxxxxxxxxxxxx...).  Here is an example of a transaction of over $5,000,000:

https://blockchain.info/tx/62d1da0dc2c7bc7dd7c07e24f076c9100604f9c5f5b52e835d7671f87566c392

(I may have seen that address 1HNS....... before).

I have not lately seen any Block Winners using multi-sig addresses.

Comments?


I was probably a mining pool or an exchange that moved bitcoins. Usually big bitcoin services use multi sig wallets for security. So if you see multi sig wallets moving huge bitcoin amount you can be sure that it is a big company or service.


Title: Re: BIG transactions with Multi-Sig Addresses
Post by: hexafraction on August 18, 2015, 11:39:56 PM
Also, can block winners be multisig addresses? I'm not sure they can.

They should be able to. A coinbase transaction should be able to contain an output script that verifies a multisig signature.


Title: Re: BIG transactions with Multi-Sig Addresses
Post by: RustyNomad on August 19, 2015, 06:04:22 AM
$5.5m odd transacted at a fee of only $0.12.....

Now go try that at a bank  ;D

When looking at the outputs I see several has been spent which makes me think that this must be from an exchange or similar to individuals where some have 'spent' theirs while other have not.