Bitcoin Forum

I was watching bitcoin monitor there are many many multi million BTC transactions JUST one transaction is HOW is 6,072,279.6165 bitcoins this possible?

No one has a wallet with over 6 million bitcoins so WTF?

http://www.bitcoinmonitor.com/


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The transactions placed in the database where never confirmed as valid but will remain in the DB as an attack on the network.

...movement from one wallet to another  ::)

WOW

That's just Laszlo ordering some more pizzas.

The transaction has not been confirmed.  Note that this is 87% of all Bitcoins in existence.  This cannot not possibly be legit.  There were a series of a dozen-odd transactions, starting here (http://blockexplorer.com/tx/9d36c9300260b600a998110901c1a39ef0dcfc76c39234c5086fc0b06e00f0ac#o1), roughly doubling the value each time.  Only the first transaction was confirmed.

Well, I don't see  any multimillion transactions (and there isn't any on blockexplorer), only some ~ 100k ones repeating. I guess someone is flooding the bitcoin network with transactions :D

Btw, how much can you flood the network? Just generate shitloads of transactions. Would that be effective strategy to slow down the bitcoin network?

That'd be one expensive DDoS.

I have 208 transactions and I'm just one guy who got into Bitcoin just 5 weeks ago.   Is it really surprising that there are millions total?

Not if you had the BTC and simply sent it to another address you control.

We are not talking about millions of transactions, but one of millions of BTC ;D

There are only 7 million bitcoins in existence how can one person have 6 million of them.

Could be a hacker. You see here http://blockexplorer.com/address/1FQJpNduNi96UNZ15ZTmDDkuKsbecatgqc

that he could of "tested" the receiving with 0.01 BTC then it went up from there.

It's unconfirmed transaction and will stay that way, case closed.

It was an unconfirmed transaction that some hacker placed in his DB that could not be confirmed.  PHEW.

Did it show up on bitcoinmonitor? Doesn't bitcoinmonitor verify the transactions before showing them?

Yep, someone is using a custom client to send bogus transaction details out to the network. This will not be verified and included in the next block. Case closed.

-.- i think it was self explanatory. lol
thats why I dont use bitcoinmonitor, the data is useless because of incidents like that, some ass can make attempts at alteration and can try to cheat the system, but its all in vain,
the block chain cannot be fcked up

Well, it can be, it will just be rolled back.

What's with the DDOS attack that's going that is in the block chain.  That's an expensive attack but it's seems that some one is flipping coins around

it won't work, it cannot work...the system is always ahead of such bs

Well, afaik, these aren't real coins being moved, its a bogus transaction. He's just saying, im moving 6 million coins to xxxxxxxxxxxx, without actually having them, but because he hasn't signed it with a private key that has 6 million coins, it will be rejected by the nextwork, thus not included in the next block.

how do such bogus transactions vanish? is there some kind of TTL?

What's with the long series of regular, ~5000 BTC transfers?

A very expensive attack on the network.

I very much doubt that, even with that many transactions all they are doing is giving the miners money in the form of transaction fees, all of those transactions combined add maybe 100kb to the block chain.

Whats even more the current Bitcoin client has multiple anti-spam measures in place. The more often you transfer the same coins the lower priority they become for inclusion into a block and transfers take longer. So if you transferred the same coins between two addresses you would quickly get to the point where it took days to transfer those coins, if you waited a while they would return to normal. To actually attack the network you must offset this priority lowering you get when you transfer the same coins, to do that you need ever larger transaction fees that will whiddle away whatever coins you are using to attack the network and give them to miners. Very small transactions require transaction fees to prevent spamming of tiny 1 santioshi transactions. Overall the anti-transaction spam measures are very through and more than sufficient.






Invalid transactions are not rebroadcast by peers, if you are running the client on your machine you probably never saw this transaction and the monitor only saw it because of how well connected it was, this transaction will not be included in a block and has probably already faded from the network, having only been broadcast to very very few people and stored by none. 

I'd say these are legitimate coins being moved by a large pool or exchange.

There's  another one with 12143559.2325 + 9499 BTC xD

It's a steadily-tapering amount that's now down to about 400 BTC per transaction.

yep scares the herd it seems too... looks like a bot gone bad imo