Bitcoin Forum

Economy => Collectibles => Topic started by: Bitcoinwaist on November 21, 2018, 11:16:06 AM



Title: Cas Capitulation
Post by: Bitcoinwaist on November 21, 2018, 11:16:06 AM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1


Title: Re: Cas Capitulation
Post by: krogothmanhattan on November 21, 2018, 11:20:56 AM
What a shame.  They probably panicked!! :P

HODL HODL HODL!

DON'T PEEL!!!!


Title: Re: Cas Capitulation
Post by: bavicrypto on November 21, 2018, 11:40:00 AM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

#conspiracy theory: WHAT IF cas coins are breached?  ::) :D
#FUD  :D


Title: Re: Cas Capitulation
Post by: Kryptowerk on November 21, 2018, 12:22:22 PM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.


Title: Re: Cas Capitulation
Post by: yogg on November 21, 2018, 03:49:56 PM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different

https://i.imgur.com/YsHbpR7.png
https://i.imgur.com/doKBuqx.png



Crazy what panicking makes people do.


Title: Re: Cas Capitulation
Post by: TECSHARE on November 21, 2018, 07:06:01 PM
If they manually added the keys to a wallet, they probably spent them to a new wallet, which would compile them all into a single transaction.


Title: Re: Cas Capitulation
Post by: dazedfool on November 21, 2018, 07:55:52 PM
Junkies... Two of those were 10's


Title: Re: Cas Capitulation
Post by: A-10 on November 21, 2018, 08:20:15 PM
 I honestly wish I knew who these people were. #1. To convince them not to do it and sell them to me. And #2 to slap the shit out of them if they redeem them anyway.

Such a waste.


Title: Re: Cas Capitulation
Post by: OgNasty on November 21, 2018, 08:25:21 PM
These panic peelers are determined to make my precious collection (https://bitcointalk.org/index.php?topic=1944803.0) priceless.  ;D


Title: Re: Cas Capitulation
Post by: Lesbian Cow on November 21, 2018, 09:44:10 PM
Junkies... Two of those were 10's

That triggers me.  A 25 I understand but a 10 is foolish.


Title: Re: Cas Capitulation
Post by: FFrankie on November 22, 2018, 12:28:26 AM
Junkies... Two of those were 10's

That triggers me.  A 25 I understand but a 10 is foolish.

Maybe they don't know the market


Title: Re: Cas Capitulation
Post by: jackg on November 22, 2018, 12:51:29 AM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different

https://i.imgur.com/YsHbpR7.png
https://i.imgur.com/doKBuqx.png



Crazy what panicking makes people do.

Who in bitcoin foes one input to one output transactions anymore?

If it’s all the same person then.... (my coins still loaded).


Title: Re: Cas Capitulation
Post by: rusbitcoinuser on November 22, 2018, 01:33:31 AM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different

https://i.imgur.com/YsHbpR7.png
https://i.imgur.com/doKBuqx.png



Crazy what panicking makes people do.
Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.


Title: Re: Cas Capitulation
Post by: nathansenn on November 22, 2018, 06:26:13 AM
Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different

https://i.imgur.com/YsHbpR7.png
https://i.imgur.com/doKBuqx.png



Crazy what panicking makes people do.

Hmm it is strange that it was all in the same block.


Title: Re: Cas Capitulation
Post by: Lauda on November 22, 2018, 06:46:33 AM
Hmm it is strange that it was all in the same block.
No. There's nothing strange here. If you use a tool which allows you to sweep private keys quickly, this is exactly what would happen.


Title: Re: Cas Capitulation
Post by: yogg on November 22, 2018, 09:13:08 AM
Hmm it is strange that it was all in the same block.
No. There's nothing strange here. If you use a tool which allows you to sweep private keys quickly, this is exactly what would happen.

This is right. And probably what happened given the different timestamp on transactions.



Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.

The redeem time is the timestamp of the transaction. It's the time the tx was broadcasted to the network.
The block time is the "confirmation" time. It's something else.


Title: Re: Cas Capitulation
Post by: OgNasty on November 22, 2018, 09:54:21 AM
Their similar fee amount per byte is another reason for their inclusion in the same block, as they were quite low and the mempool has been a bit backed up lately.


Title: Re: Cas Capitulation
Post by: rusbitcoinuser on November 22, 2018, 09:58:10 AM
Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.

The redeem time is the timestamp of the transaction. It's the time the tx was broadcasted to the network.
The block time is the "confirmation" time. It's something else.
Correct. I meant the 'redeem time' on the website is set to the 'block time' the tx was confirmed.

There would be no way for us to reference tx broadcast times for historical redeemed coins without trusting the records of a block explorer such as blockchain.info as transactions don't carry this info. Also, the tx time you see on block explorers is actually the time their respective nodes received the tx.

This is why I decided to go with block confirmed time as the redeemed time; it's completely fixed into the blockchain and immutable.

Technically speaking, the 'true' redeem time is when a coin is physically peeled :p