Bitcoin Forum

https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

With a 0.0001 fee ($0.04).

 :)

I think this is where Bitcoin shines. It's nearly feeless when it comes to huge transactions, but for small ones, you do pay high TX fees.

Hey Western Union, suck on Bitcoin's transaction Fee!

This is on the frontpage of reddit/bitcoin. Everyone is crazying about it.

This should be shown to non-believers to convert them! $0.04 in fees is crazy!

A multi-millionaire paid only 4 cents to transact $80 million when transactions cost of $30 each in mining costs, and you all cheer this like blind fools  ???

Another reason to use bitcoin  ;D , fantastic !

the address 1JEC8vYP9cEDSu6N6DXkkYd3RaeWAdsCqN,  that provides most of the input to this tx, has itself
recieved many inputs marked as "bitstamp audit" on blockchain.info

So this is most likely bitstamp moving its funds around
[spoiler] or their cold storage being hacked [/spoiler]

It's still quite a big move... no need to be a party pooper.

What kind of FUD is this?   Obviously there are coinbase rewards.

good day

deal with it.
it's only number on the network ...  ;D

Where else can you send such a large amount for just 4 silly cents  :D

Probably work of an exchange, but still, very cool to see.

I think the largest transaction I have seen was 350K BTC, can't remember if they used fee or not.

Transaction amount does not add up any extra cost for mining a block. I think you are scared to lose your bank job... so lamenting in frustration.

Imagine some greedy sucker not paying the fee and having his money stuck with no confirmation for weeks.

No, look  this transaction ( zero fee):

https://blockchain.info/it/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf    500'000 BTC

and  unfortunately :

https://blockchain.info/it/tx/b269bf1b82dae8a61f7f91dbf7a9d807e30963c1ae00ddd95a8faebea6d0a007

Hacker address ??? LOL
so much and so big value and just one input.

wow thats really too much!!!

what is he planing to do with all those bitcoins :D

good to see :) i like the fact it costs to little to transact.

rally up?  ;)

TL;DR Bitstamp moves wad from left pocket to right pocket and everyone loses their minds.

Deal with what?  That is a good thing, nothing to deal with!

Damn, that's much lower than what Western Union charges of a $50 transfer! :o

Someone bought a lot of pizzas... ;)

A whole (block)chain of pizzerias!

 ;D ;D ;D

Probably Lazlo again  ::)

Karpeles, is that you?

Ahhh you got me.  ;D

Edit:  Jk  :D

He actually got 25 this time, the lower price was a volume discount.

nope.. this thread has a positive overall outlook.. dump now. buy again tomorrow during the doom and gloom

  ;)

Bitstamp audit.

https://blockchain.info/address/12sENwECeRSmTeDwyLNqwh47JistZqFmW8

This is very dangerous, too risky to put all those coins in one single cold storage, hope that they split them up later

I don't understand why they would need to send an actual transaction in order to conduct an audit. I would think that they would be taking a big risk as if there was some problem with decoding the public address or somehow otherwise sending the funds to an incorrect address.

I think it would be easier to sign a message from the addresses in question

Goxcoins moving around.  :(

So cool. This si pretty much the new posterchild for my efforts to recruit friends. Value at it's finest.

I doubt the people conducting the audit are as knowledgeable as some in this community. They probably come in here to take notes in fact. lol Now i'm wondering who of us is them  :o

I think the public nature of the blockchain is a great thing. This shows that bitstamp keeps a pretty good reserve on hand and that is good for all of us.

That's amazing. The small tx fee problem is best addressed via side chains with fast block confo rates which can be synched with the main blockchain as necessary

Should we prepare the BearWhale harpoons?  :D

You can send it for even 0.00001 fees. I have done this twice and no problems almost same conformation speed for me.

Maybe a new exchange opening. But bless you bitcoin for the Transaction fees.

That fee might even be for shitz and giggles. I've sent a handful of mature coins from cold storage with no fee, and they are still highest priority to confirm.

A big move is coming....

The whales will make huge waves.Ready to surf.

Hahaha love that $0.04 fee!
I wonder how much the fee if that transaction uses bank or other payment system ::)

What wallet let's you send for 0.00001 or even no fees?
I thought the 0.001 or 4 cents was standard Practice now

And this with zero fee:

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

It is really awesome ! Send money to the other side of the world ==> for free.

4C fee, yes.
5% or higher fee to exchange with places like RoboCoin ATM or
other exchange... Also yes.

Sort of wondered for a minute if these were the Silk Road coins that are about to be auctioned and were being moved to be prepared for the auction in question. And yeah, the transaction fee for that amount is a tad ridiculously low for 200,000 odd coins.

December will be a bad month for the price of bitcoin those looking to adquire coins on a large scale would not want to do so until after the holiday season unless they really wanted to go for a moonride to remember. Whatever is going on we are looking at a huge drop or a huge raise in the price in the coming hours/days good luck all ! My guess is we loose 30% of the value of bitcoin and we have a rollercoaster month were we find ourselves flying through 4 figures in feb

I have a second theory but this is going to sound a little far fetched and crazy, a few days ago talking to somebody on fb ( not an idiot ) he mentioned that there was a huge planned pump and dump for dogecoin planned during the next coming weeks maybe this is the capital that will e used to get the ball rolling. In any case these coins are being watched closely....

Lol very unlikely. I think it's a transaction of an exchange though.

Maybe they just wanted to show that big money transactions are really easy with BTC, these days people just think BTC is eligible for doing micropayments(like ChangeTips, CoinBase Tip etc.). Of course it's very risky to transfer a huge amount like this...

I'd think he'd want some assurance that the transaction will go through without problems. Better safe than sorry.

I still send mostly 0 fee transaction, since I just move from one wallet to another and don't care if it takes a day to confirm.
Some days ago I moved from my Bitcoin-Qt to my Mycelium-Wallet and it took some hours to confirm.
You can set the minimum fee in the options in Bitcoin-Qt.

No, it is not.
Otherwise please explain, what is risky about it.

Even I do my own 'little' transactions with double checking the receiver adress, there are few ways for hacking transaction coins. Lots of people opened lots of threads about it in last years as we follow; but still we don't know some other tactics and it's not secure to transfer such a big money like this. Also some other friends told the same, it's too risky to keep such a big money in just one wallet.

We should accept that, today bitcoin's two major problem is volatility and security. If we manage to solve these two factors, Bitcoin will achieve its goals faster.

I still don't understand what you mean by "hacking transaction coins".
Could you explain or give me a link to such a thread?

I dont see it as risky to keep all the coins in one wallet if it's strong enough protected in cold storage or whatever , I'm sure anyone with that many Coins knows what they're doing.... Hopefully :)

Before someone says gox got hacked etc, no, I think gox was an inside job but I guess we'll never know...

Gox is really a bad example. Since Karpelles was really incompetent, regardless of if he was hacked or if it was an inside job.

I would bet it is one of the exchanges moving the funds from one address to another. Nothing exciting about this.

Support the rich and rob the poor. Not one of the finest moments for Bitcoin.

Low fees are for both rich and poor. Nobody gets robbed.
It is not bad, just because we don't exclude the rich from using it. That is really some fucked up logic.

What is the big fuss about that?

It is just a number with 1-2-3-... 8digits. :D

Yes that's for sure; but it's still a huge transaction with BTC.

I just checked the price on coinmarketcap and it is still at around the same level days ago. If the guy bought btc from open market, that would translate to price jump but no... so probably my guess is some early adopters moving around or consolidating the btc to their own new account perhaps????

Hail to the power of Bitcoin.
World need to know how awesome Bitcoin is, how easy it is to use and without borders.

Please World, adopt Bitcoin everywhere! World will be better place

What's your problem? Mailing a $5 billion check costs the same in postage as mailing a $5 check.

at least in this case I vote for fees. Let's think about miners1

0.0001BTC is really low compared to paypal, mastercard, visa, banks fees and charges.

Don't you think?

I agree

In my opinion fees should just decide how fast a transaction gets processed.

This is why I see bitcoin the payment method of the future.

Yes bagholders will for sure use it. No doubt.

Pretty damn scary. Imagine the adrenaline high of moving 80 milli like its nothing.

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

Maybe the just wanted to settle a new record.
I think, the biggest transaction so far was 100,000 BTC, but that was when BTC-price was much lower.

That doesn't matter.
What matters is how much this transaction costed. Try moving $80M dollars and see how much that would cost (outside of the Bitcoin system).

No you're wrong  , check this  TX:

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

outside the bitcoin system is something that just multinationals, governments and so forth can do.

That's really unbelievable.

But, in a way, it just represents our monetary system: in the end those are numbers on a pc!

That was a couple of years ago so it wasn't worth so much, this was quite large.

That one must have been gox or btcst
Its hard to imagine one  individual with 550,000 btc tbh

why hard to believe ?
maybe someone who mined with strong computers since 2009 ?

I traced it down, it does lead to mtgox. But as a deposit...

Strange because i picked this up 8 days after the OP
https://blockchain.info/tx/9d25b5eaa65de602fe6a11ba9db83f3b1105899b12664f3302a5ccf1cff955d8
Chech the dates and addreses on both the transactions.
Is this some sort of market manipulation going on?

So, they sent 5000 BTC somewhere else. How is that market manipulation?
That seems like a nice little address, they use for big transactions
https://blockchain.info/address/1Drt3c8pSdrkyjuBiwVcSSixZwQtMZ3Tew

Ye it dosen't make sense to me but well ;D
I already saw  a 550,000 BTC Transaction with 0 BTC fee :o
 

Oh my god, i think this is biggest transaction i have seen  :o
I wonder who have that address ? Early adopter / super rich person  ???

Hope the owner not sell all their bitcoin

Maybe it's bill gates...

Nah , there is bigger transactions , a lot bigger ! ;D check here : https://blockchain.info/largest-recent-transactions
and mm .. probably someone who have Mining farms ;D I don't think early adopters

I think that's not early adopter, but maybe some mining farm

If bitcoin that much selled, we will see bitcoin price under $100  :(

That's probably the same bunch of  coins being moved about between wallets etc or in and out of coldstorage
There can't be so many people/group's with  around half a million coins

It is probably some company/entity that holds/owns bitcoin on behalf of others (like an exchange). It was/is actually rumored that the transaction had something to do with an audit of bitstamp

That is insane, is that the biggest transaction to date? Thats got to be some big exchange or something, or maybe its a hacker. Everyones watching, also can you guys see the small transaction https://blockchain.info/tx/f732f5477487babd647cf0f53242aa3931f63fc2621ac6e863209dc65de18da6
I wonder what he is doing