Bitcoin Forum

I just saw this baby popping up on my radar.  Any idea what that might be??  :o

[EDIT] It seems the sender address is 13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh (https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh).

[EDIT2] Should have mentioned, the tool I've used to watch it happen live is the windows version of flatfly's chainsnort (official thread (https://bitcointalk.org/index.php?topic=373490.0)). It's oddly soothing to watch the constant trickle of transactions :)

https://i.imgur.com/amxWvlx.png

32mil, seems like the fed is moving their reserves?

Might be (or might not be, just speculating) related to: https://bitcointalk.org/index.php?topic=393549.0

Such a large fund won't market-buy coins on exchanges, but arrange for its acquisitions to be done off the books, possibly striking deals with early adopters.

Monster?
https://blockchain.info/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

Nope. The DPR seized coins are in some other wallet. It contains a total of 144k BTC.

"Fed" and "reserve" do not belong in the same sentence. :P

Someone has a lot of money laying around.  ;D

WOW.  Anyone able to trace the wallet and see if there are any connections to known wallets?  I'm a noob at that and can't tell if it's easy or hard to do, or if there are any programs/websites to help with that.

Somebody dumped a lot of coins on gox today (7h ago) , not that much though. 

My guess its the feds  :o

What are the odds that it's a 15 year old who happened to run bitcoin.exe for a while in 2011, just for fun ?

Gotta love the zero fee to move 29M USD. Whoever this is, they don't seem to want to support the bitcoin network...

wow man thats crazy , thats so much money! If i had hat i would not be so happy:D
mo money mo problems! bu yeah The fee is also low. i seen some transactions where btc goes 90k the highest transaction in history i think.

fortress moved coins  :P

I think you mean 2009. GPU mining was already pretty competitive in 2010.

People assume that there was a period of years where lots of people did/could-have run the qt client and CPU-mined fortunes. That's just not the case.

Oh, that was me...

I bought 3 pizzas for New Year's and left a nice tip.

That was my first observation, also. 

It's fascinating to me whenever one of these huge sums gets transferred.  That has to be a tense couple moments, transferring a sum that large.   

Not the Feds, these are the addresses associated with them and the Silk Road case and they are still intact. If I had to guess I'd have to agree with whoever said it was Fortress.

https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX

I check the address about 10 times when moving a few coins let alone 39,000 of 'em.

Definitely a sizable transaction.

It makes those 60 btc transactions look teensey.

what's Fortress?

That's so crazy, transferring that amount with no fees. Sounds like somebody who doesn't know what they are doing. Must be the feds ;)

http://t.co/1DizrQioYH

(We hope) Going to launch a bitcoin investment fund (ETF). Huge influx of cash into bitcoin if it happens......

oooo thanks!

I never count my chickens with these things though. We've had several false starts already ...... but one or more *will* actually happen in 2014, and fortress are massive. Let's hope its them.

Ya, you just look up early adopters in the yellow pages. Then when you get a hold of them you say, hey you haven't sold for years now and I want to buy a bunch which will probably drive the price up. The increase in price will then bring on a bunch more buying from speculators thus increasing the price even more, but will you sell to me now off the books?

Where do you guys dream this shit up?

That's "guy" not "guys"

Tracing back on this one in Blockchain.info you see lots of 50 BTC per block mining coins from 2010

At first glance, I read this topic as "Re: Monster transaction: 39016 BITCH!!"

sorry， I laughed.

maybe this person is getting a divorce.

Difficulty was 1 in 2010 ;)

Early adopters would like to use some of their coins for some of life's little expenses like mining farms, mortgages, and lambos, and there's not exactly a lot of places to easily exchange $1M worth of coins. Working with a fund to exchange those coins for fresh investor USD is a lot cleaner and quicker than using the regular bitcoin exchanges.

"Cashing out" from BTC is a concept people need to leave behind, it's 2014! You should be cashing out of USD and buying farms and lambos with BTC.

Hey, another f*cking huge one!!!

From 1GgBrwZ6XWhJQYYcA2gV6HEG3AP1doFzHs
To    1F48Zpk5ZZAT9emYKAwkEr2QmT2Rd1ZcRj

https://i.imgur.com/esGxdM3.png

This is giving me a boner! There, I've said it.

And I'm wondering what it sounded like on http://www.bitlisten.com/ :)

THUUURRRRDOONGGADOOONNKK, lol, I love that site!

I'm setting that up at a festival this year in a hippy tent on a big screen and a 10k sound system haha  :o

"Don't seem to want to support the bitcoin network" .... pretty much narrows it down to governments, particularly governments in possession of lots of bitcoins .....

https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh now has $50,344,215.96 in its coffer. This address is ONLY two hops away from a known Monarch purchase from BFL.

If this BWA belongs to BFL, then the FTC owes me $5,034,421.60.

I think just a new brand trying to accept Bitcoin payment system and funding their account.

Apologizing for the bump, but I desire this post to be on this new page due to its potential importance. Thank you.

Maybe someone is moving the coins of the Sheep marketplace

Eventually ends up here:
https://blockchain.info/address/1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q

Meanwhile I don't even have one. I feel like giving up on Bitcoin and so do my friends when I see this shit. Depressing.

Yeah, because when that person decides to dump their coin on the market.  Poof!  Bubble popped!

that is absolutely hillarious that they didn't pay a small fee to move all that money lol. Would take forever to be verified wouldnt it?

Generally transactions moving 1BTC or more are considered "high priority" within a day.

Technical Details (https://en.bitcoin.it/wiki/Transaction_fees#Technical_info)

Old coins don't have to pay a fee and are considered priority.

I think you are correct sir. Why are they doing this? Will they get something when they do this?

Check the posts above yours. ::)

  ~~MZ~~

This was back in January.


Notice the post that said something about the coins all moving to gox...

It's Satoshi Nakamoto. He's back from holiday  :)

And he will be still FIAT rich while the rest remain FIAT poor.

he will just end up as fiat bagholder once fiat dump begins.

Wonder what the paypal fee would have been

The Paypal fee itself for that would have got all my possessions sold.!! lol.!

And turns out that address belongs to a investing site, which probably ran a scam on their dice site.
https://bitcointalk.org/index.php?topic=834371.200
Bitcoin is too much for me. :)

Why would it have to be fortress? Maybe some early adopter? It could be anyone lol.

Feds moving their coin around, is my guess

Most likely, or an early adopter.

That 550,000 BTC transaction is incredible.

Those 500k bitcoin ended on mt.gox : https://blockchain.info/it/tx/b269bf1b82dae8a61f7f91dbf7a9d807e30963c1ae00ddd95a8faebea6d0a007

Wow monster! and now they've received 175,833.7387901 BTC
Gambling development address?

You're speaking like blockchain would be full of fed transactions and that isn't true.
It's just some big whale.

How do you know? It could be both.

We would more likely know if it was feds as we know most of their adresses.

True, if they were to be interested to do such high transactions, I think they won't be pretending to be against Bitcoins...

I believe I've seen far bigger transaction than that before but nevertheless it's still consider "big" for my standard. My curiosity is who owns all these bitcoins? Is this what you refer to as the whales? I mean with that amount they can surely affect or change the direction of the price movement (if those gets dumped to the open market)

of course they can move things. On an average day that's quite something!

Does this amount of BTC belongs to only one person? or would some group?

A lot of the huge balances are related to bitcoin business, but there are a few individuals with that amount. You would've had to be around in the early days to accumulate numbers like that though.

Total Received    5,706,407.66163361 BTC

https://blockchain.info/address/1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q

There are regular deposits and withdrawals to Mt Gox on that address. I can't work out what was going on but it clearly has a significant relationship to Mt Gox. Maybe it's a Karpeles address.

These transactions make me scared as hell. I imagine myself sending them and quadruplemillion-checking that I haven't commited any errors when copy-pasting the address where im sending the money at.

If you've got that many coins then you probably have an army of robot-brained nubiles to handle the boring little details. I agree with you though. I'd probably need a few weeks of training to work up to it. 

That was back when BTC was a penny stock.

Can we just ban these retards that bump up old threads for no good reason rather than worrying about blockchain btc transactions...

Address has been added a public label as RipDice, strange, I don't think its possible peeople are sending THIS much to this crap scam site

Would be nice of them coins got sold BTC would be epicly cheap. No doubt  Feds seized funds or something going on their or its MTGOX trolling us with the massive movement saying ha am here moving my funds.

what is the purpose of sending huge amounts of coins without fee.
a lot of the monster size transactions are sent without fee. is there a special reason for that?

Dick swinging maybe? Perhaps it sends a thrill through a miner to process such a huge transaction. Or perhaps it's to prove an obscure point.

This could easily be a transaction from Coinbase or another incredibly well known bitcoin-based company.

True, but I would expect Coinbase (and similar companies) to be ready, willing and able to include a decent sized fee.

What point, though? The fee is almost non-existent as it is. There's really not much of a difference between going from a $0.00x fee to no fee.

With that said, there's really no REASON to pay a fee if it's not required. But I don't think it's any sort of "statement" or anything. It would mean more if we were closer to the extremely small block rewards.

So there's quite a lot of anonymity involved in here.
That's good to me.
Seems we are not able to say who/what moved those amounts.
 

Is this bad or good for you? For me the level of anonymity is still good whit bitcoin instead with the fiat value where the government can see all the transactions that you have/will made-make.

during my playing bitcoin one year, so I was surprised to see a transaction of this magnitude, it is not inconceivable. when we are looking for some bitcoin just very difficult.

of course they could move the market. what they do with all this?

It's good. If one's able to make the right moves anonymity is safe.

That's good to me.

Its attention magnet. Prosecutors and anti-money laundering controls will soon without doubt be tripling their attention at transactions like this. Also fbi would love taking a look at how much of these transactions heading to extra bitcoin wallet seemed to match the profile of real-life offshore holders that are supposedly guilty of tax evasion. Transfer million of usd via single transaction lol thoughtlessly done!

DUMPING!!

I guess that in a while we will see the btc price fly a lot  ;)

If I had that many coins I would deal with the pressure of possibly making a mistake on the transactions. I would be a happy guy.

Wow, thats millions of dollars in one transaction!
But there was a bigger one, wasnt there?

The largest transaction logged in the history of BTC, as far as I'm aware, is this one:

https://blockchain.info/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

But that was back in 2011.

I would only use QR codes for transactions like this. One single mistake in writting the address and it's all over. I would also send 1 BTC to test before I send that insane amount.

Some one is just moving it around, think of it as transfering money from one of your bank accounts to another. That is a lot of bitcoin though.

is mark kapeles!

just exchange it  4 darkcoin

yes of course if someone could move anonymity, this is good for bitcoin and all users :)

It is really not possible to move that kind of money with anonymity. Someone may be able to move that much money from one address to another address, however it would be very difficult to either spend or trade that kind of money without your identity being revealed

It is heading to a exchange maybe?

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

Well if they been certified as a scam then that is one heck of a lot of coin to get away with and some serious coin made their for the people behind the scam ie the admins and people working along side them.

I seriously doubt RipDice (looks like a mediocre scam attempt) had 39 thousand btc, I bet even primedice doesn't have this much btc. They were using a free script and were "doubling deposits", maybe ripdice is someone much bigger...

When I send small amounts of BTC I double check the addresses and even then my nerves are on edge. Can't imagine what it must have been like clicking the confirmation to send that amount!

Yes, I check the address and make sure it is EXACT. Adding a space or missing a letter at the end would make your btc dissapear. When providing addresses to pay me, I give them the blockchain link so they don't copy it wrong, and they can see the address is in use and soemone is behind it.

Public keys are checksummed so missing a letter or adding a space would not cause you to lose your coins unless you were incredibly unlucky.

Yes thats true. Another thing to watch is manually checking over both addresses. Once I blindly copied a store address, and I hit shift C instead of ctrl C, and didn't copy it, and then I accidentaly sent 0.5 btc to luckyb.it instead of the seller, which would be generally bad but I won 10% so I aint even mad. I press ctrl C about 5 times (im paranoid) and then manually check the first 5 and last 5 characters. I urge everyone to do the character checking

with 25btc blocks the miners fee is too small to get you anything decent.
having that said, a fee of just a few $ cents can make your transaction confirm so much faster.
i don't think saving $0,0X is worth waiting hours and hours. especially for large transactions.

Yea, I usually use 0.0001 btc as a default fee if the tx is not time restraining, but if im placing or a bet or entering something I will do about 0.0002 or 0.0003 to stay above the rest, or if the tx is very large I do a larger fee as well. Using 0 fee is stupid, is the chance of not confirming, or waiting 24 hours to confirm really wroth saving a couple cents???

I don't know much about it but RipDice is the name shown on their transaction ,i don't think they would have been able to get away with such large amount .
Definitely they hadn't cheated at that time maybe?


Doubling Deposit ? What does that term even mean ?
Double Deposit it's not that easy and wouldn't be accepted by Main blockchain or miners