Bitcoin Forum

http://blockchain.info/tx/efb3f66fd4a5d52e2d499927ecd1dd58ac2960ce2cf67c48efedc973e176b3a6

Big things are happening, but who knows what?

This was cool

Fees    0.001 BTC

You don't get rich throwing your money away!

Just moving my Bitcoins into cold storage, nothing special.

cheap and fast, he must be intelligent to use bitcoin  ;D

Another example of the Bitcoin network doing it the right way.

And I assume that it was not done through a U.S. FinCEN "regulated" Bitcoin exchange.

This is a private transaction. Similar sums are being exchanged million of times each time with fiat. There has been large transactions before, and there will be more in the future. It's the best and the worst of BTC that people can report and comment it.

No delays by a Bank. 24/7 up and running .... So beautiful

How did they pay so little tx fee, also I wonder how they keep so many BTC. I would be a nervous wreck with that many.

This is why BTC exists - he also could have paid a small tx fee of .0001 BTC:)

Because Bitcoin.
Probably a early miner.
Same.

Fee actually low for "aged" bitcoins - he could have paid even less like .0001BTC

There are very, very few individuals with that much BTC. The very large balances (as in over BTC1000) mainly belong to exchanges and similar large bitcoin-handling businesses, AFAIK.

Probably a good deal of the early-mined bitcoin is now "dead and buried", the private keys forever lost. Just like gold under Satoshi Sea.

Transactions involving no small inputs and of sufficient "coin age" do not normally require a fee. 1 mBTC is reasonably generous; I normally use mBTC0,25/KB myself (whether necessary or not), which is 150% more than the minimum required by my client.

The early miners with the biggest balances hold everything stable. It's always a little disturbing when they sell, as it could be going to hedge funds, bank or any financial mercenary who is trying to pump and dump bitcoin.

As I said a while ago, it's not the technological attacks, but the financial attacks that will destroy bitcoin. And the techy bitcoin bods won't even see it coming.

I'm very glad for you that you can see the future.

You only have to look at the past to see the future.

History never repeats itself but it rhymes. As far as I know a virtual currency like bitcoin has never been used. But you "could" be right of course. But no one knows for sure.

;D
Try
http://rense.com/general29/wesold.htm
&
http://www.dailyrecord.co.uk/news/uk-world-news/britain-sold-nerve-gas-chemicals-2242520

Although bitcoin never existed before, people trying to tear down something they fear is not new. It's always done via the back door while everyone guards the front door.

Most bitcoin people relish mass movements of bitcoin, as it in some way proves how cool it is. But it could be going anywhere, to anyone. And their intentions or motives might not necessarily be as positive as most of the people on this forum.

That's all I'm saying. It's worth looking out for.

Or we could have just found the transaction of the biggest BTC heist in history. ;D

Not by a long shot!  ;D This post
https://bitcointalk.org/index.php?topic=83794.0
estimates the biggest theft at 263024 BTC  :o

I really like the part where fee is 0.001 BTC on a $1 M transaction.

I prefer the part where he can send all that money without any question :)

The questions come when the receiver attempts to convert it to Fiat.

best thing is not verification and no documents needed for this all  8)

Why would he do that :)

Beat me to it.

But maybe he wants to convert to Fiat out of generosity to banks! Tax payers all over the World has been up in broad generosity towards banks, so why should he be rude and not pay banking fees or not let a bank and a government decide where he can transfer his money?

Btw the transfer was "only" 7000 Bitcoins.

Actually for a transfer this size he needn't have given any fee at all! It would have been mined in the next block with 0 fee.

That's true, but I think he can afford to give, at least, a small tip to the miners  ;D

maybe there will be a solution for it in the future. to go to  local-bitcoins.com  would not a good way for that volumen i guess  ;D

wow im jely...

The longer that time goes on, the more I love how I'm getting used to sensible numbers of BTC equating to "loads of money". And what outright BTC figures really mean. 0.5 BTC is almost a fortune now. Even people holding half a coin are wealthy, the notion of reliable values of fiat equivalency are steadily loosing solidity.

Woah! Thats pretty damn big! And only a fee of 0.001 BTC aswell!
I wish he mispelt the address to mine! haha :P

Damn! Look like Satoshi's btc on the big run.


pm me just in case you want to donate 1btc on your early bird earnings haha!

There's a high statistical chance it's an exchange handling this amount. Not a certainty, of course, but highly likely.

Not true at all.


~BCX~

And we'd still be living in caves and hunting with stone spears if everyone had a similar outlook.

It is true in the grander context, it's just that most of those people are found on Bitcointalk. ;D

There aren't all that many funded addresses containing more than BTC1000 to begin with, and a good portion of those are probably controlled by exchanges and large gambling sites.

http://blockchain.info/address/1EJXTkaYZkSjGqXR9LtViGo8578dGsHaBY

https://796.com/

Maybe! We probably will never know! ahah :)

That's both a good and a bad thing.

this is why people use Bitcoin they can spend there money without anyone asking stupid questions, in and out of whatever country they want and the fees are extremely low !

this is why people use Bitcoin they can spend there money without anyone who can stop them asking stupid questions, in and out of whatever country they want and the fees are extremely low !

half this thread is people asking questions :)

I sent 1 BTC a couple weeks ago and accidentally had the fee at .00000001 BTC LOL. It took about an hour to go through but it finally did.  ;D

Bastard, I accidentally sent a bunch of dust with my .24 and set the fee at .0001 and it took 117 minutes!

relayed by blockchain.info..

EG most probably but not guaranteed that he stored the 7500 in a web wallet.. if so.. not so smart

Not a big deal there are a lot of these transactions and there use to be even more when silk road was around

Seems like quite a big deal to me.

That's two days worth of all Bitcoins mined.

It's also now worth $3.5M. That's not small potatoes.

Why the fuck should he pay any other sum? Those who spam dust regularly should pay higher fees, not some single (huge, who cares) transaction.