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Bitcoin => Bitcoin Discussion => Topic started by: Kermee on August 27, 2011, 03:23:50 AM



Title: Block 142742 [MtGox]
Post by: Kermee on August 27, 2011, 03:23:50 AM
Block 142742 (http://blockexplorer.com/block/000000000000056b0e24803ac1032f8e3d5120fd8aea85e0502d4aff249eb4ca)

2.32m BTC's just moved... Nearly 1/3 of all available BTC's mined so far.

Any guesses who?

Cheers,
Kermee


Title: Re: Block 142742
Post by: Garrett Burgwardt on August 27, 2011, 03:28:40 AM
Mt. Gox most likely.


Title: Re: Block 142742
Post by: N12 on August 27, 2011, 03:29:17 AM
Wow, this is incredible. It’s only 4 blocks ago (MtGox takes 6 confirmations).

Can you say what the oldest block there was? This must be Satoshi?

Alright, looks like we can hold off panicking for now. ;D


Title: Re: Block 142742
Post by: seventoes on August 27, 2011, 03:30:41 AM
Here's one of the input blocks:

http://blockexplorer.com/address/1eHhgW6vquBYhwMPhQ668HPjxTtpvZGPC

Definitely MtGOX, they used those 424242 transactions in the past to prove that they had control of funds after the hack.


Title: Re: Block 142742
Post by: Maged on August 27, 2011, 03:30:47 AM
Mt. Gox most likely.
Confirmed. The 424242.42424242 transfer is in the chain, and is noticeable here:
http://blockexplorer.com/tx/27bb969ff9dbfbc11c593316cfd30258dfe73a78a0f0d999939aa767ee0045d4


Title: Re: Block 142742
Post by: GoWest on August 27, 2011, 03:42:57 AM
1/3 of all Bitcoins are held in the MtGox coffers??  WOW.


Title: Re: Block 142742 -- [MtGox]
Post by: Kermee on August 27, 2011, 03:50:05 AM
Ah. Make sense. I should of 'dug' deeper down the chain.

Cheers,
Kermee


Title: Re: Block 142742 [MtGox]
Post by: MelMan2002 on August 27, 2011, 04:33:40 AM
*whistles*


Title: Re: Block 142742 [MtGox]
Post by: grondilu on August 27, 2011, 01:04:54 PM

It is certainly unwise for most people to hold that many bitcoins on MtGox, imho.


Title: Re: Block 142742 [MtGox]
Post by: Steve on August 27, 2011, 01:47:57 PM
Most impressive.  At $15 a coin market cap of $34.8 million.

You calculated that based on the entire amount that moved in that transaction, however I'm sure not all of the transactions in that block are mtgox.  The first one seems to be a confirmed mtgox transaction from and address that had ~384,000 bitcoins. 


Title: Re: Block 142742 [MtGox]
Post by: Jack of Diamonds on August 27, 2011, 02:56:32 PM

It is certainly unwise for most people to hold that many bitcoins on MtGox, imho.

Mark has stated 98% of their funds are in offline wallets, in safe vaults etc.
Many of the transactions in this block could be going into those.

I don't think it's unwise, as the risk of total loss doesn't exist.
In fact their system is more theft proof than anything I've come across in terms of currencies and commodities.

1. There is a 100btc per day limit on every account
2. Even if you found a perfect way to rob them of their online wallets, you only get 2% of their funds

Unless you can get him to reveal the details of the encrypted memory sticks etc & their locations at gunpoint, they will be safe forever.


Title: Re: Block 142742 [MtGox]
Post by: dancupid on August 27, 2011, 05:27:51 PM
0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?


Title: Re: Block 142742 [MtGox]
Post by: DrKennethNoisewater on August 27, 2011, 05:42:45 PM
Nice Detective work gents....... :)


Title: Re: Block 142742 [MtGox]
Post by: jackjack on August 27, 2011, 05:46:21 PM
0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?
Because you don't use the last version of the client


Title: Re: Block 142742 [MtGox]
Post by: Littleshop on August 27, 2011, 05:53:55 PM
0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?

The main reason for that is to prevent transaction spam of course they also go to help pay costs.  Before the fees people were sending thousands of tiny transactions back and forth to themselves for an unknown reason.