Bitcoin Forum

https://blockchain.info/tx/1c12443203a48f42cdf7b1acee5b4b1c1fedc144cb909a3bf5edbffafb0cd204

Sure is a lot of money to move at one time

I rounded it up to 195,000*750 usd it is = 146,250,000 USD

But if they were to dump it all they'd only get about $35 mil on Gox :D

who is that? do tell

Winklevoss ETF fund. :D

Biggest trans. I have ever seen.

Wouldn't be surprised if it was the Winklevii. :P

No transaction fee lol.

I was just about to mention Winklevoss.

Probably not on purpose.

BlockChain is doing that by default now.

Satoshi woke up xD :o

Some of the inputs of the outputs are quite old, as old as 2011 June. Edit, looks like an old miner.

Beautiful, so effortless to move so much money.

I'm sometimes involved with very large cross-border transactions and the logistics of making payments of this size are, more often that not, a complete PITA, with timezones and banking hours getting in the way.

Sorry i just move my money :p

It's Richard Branson.

high priority transaction don't need a fee.

and I really doubt anyone is holding $147M on blockchain.

Its tagged as 'a shit load of money' lol.. what a balla

True - didn't think of that.

I wonder where one stores $147M in BTC...

Mhmm...  A vault? Lol.

Could this be satoshi? Some of the inputs(and I mean from going backwards and backwards in the trace) are as old 2010 February and owned by a single miner who donated 500btc to a faucet once.

People kill other people for thousands.

If someone knew it was on a computer I'm sure there are MANY people that would be willing to kill for $147M and steal the computer.

Offline clients are safer than online, but not safer than paper wallets.

I'd bury a paper wallet if it held that many BTC.

Doubt it.

Probably just an old miner or entrepreneur, early adopter with capital willing to risk.

I followed more, and he has mined blocks as far as December 25 2009, crazy.

Also another possibility.


It is pretty crazy but this isn't the first instance of seeing this happen.

There are many early adopters that trusted the idea and are now reaping the profits.

Someone preparing to sell?

going back to the earliest transaction won't be much of a clue. you don't know how many times and if those coins ever changed hands or not.

it could however provide some ideas though

True. I am wondering if it isn't that lazslo guy, that bought two pizza for 10k BTC. Since he donated 500btc to the faucet, and I saw he posted something like that, and it is around the same time.

Hope he dumps it slowly..

Sell??  ;D

http://i40.tinypic.com/15dnwg8.jpg

Hope he dumps it quickly.

I want cheap coins.

Wow that is a a sexy amount
Dump it don't think the price could handle :P

Paper wallets are Plain text Private keys, Offline wallets are usually encrypted wallets which only the owner has the passphrase to and at least one copy somewhere else...

Wow. This means someone controls 1.6667% of all coins in circulation.

I think you mean 1.6%   ;)


I would assume that someone who wanted to sell this many coins wouldn't deposit at an exchange to trade them... unless of course they wanted to absolutely destroy the trade price of the asset they are trying to sell. Which doesn't seem very smart to me.

Sorry, this is what sleep deprivation does... Fixed :)

I would contend that "destroying the trade price" on exchanges would be a smart move at this stage for large coin holders, or at least not strictly dumb.  It would dissuade some speculatory investment and get more coin in circulation for use as currency to buy goods and services.  The coin concentration problem is a very real one.

Huge speculative buys on exchanges are great for short term gain, but not nearly as good for long term currency status.  Large coin holders will want to sell as little of their coin as possible if they are looking to maximize pure profit; but if they want the idea of decentralized money to take off using Bitcoin, they need adoption rate for merchants and consumers to steadily increase as well.  If they continue to hold tightly, we probably end up with Bitcoin as primarily a store of value, which negates or dulls many of its other useful features.

We will see how many of the early adopters/innovators believe in the idea of Bitcoin, and how many were simply driven by greed.  So far, with the amount of old coins sitting idle, I'd say we can see where it's going unless something changes.  That said, I am curious where these coins will go.  :)

It's probably gox moving coins around, or one of the really big investors changing their savings strategy.

pirateat40?

who is it? come here and state so

Satoshi? Is that you?

Will someone test what is the real market cap?

Actually etothepi is releasing a new version of Armory today which works with Ubuntu 10.04 that allows for printing encrypted paper wallets.

do theymos own blockexplorer.com?

yes

https://i.imgur.com/RH4yvi4.gif

not anymore. :/

I demand someone tracks this immediately - I want the where, when, why, who on my desk by 10am GMT .... Anonymous my too-too.  ;D

"Shit load of money" but he doesn't pay transaction fee... LOL

What a legend

lol very funny. a lot of apps demand the realtime stats of blockexplorer.com

You don't get shitloads of money by paying transaction fees!

 ;D

so Amazing! What an incredible amount of money today in bitcoin.

How long does it take to make it into the Bitcoin Days Destroyed charts?
Here is the 30 day chart and there is no rise from this transfer:
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0&address= (https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0&address=)

I have solace knowing that this is not going to be a dump as it is an old school long time holder. But might start selling some, taper the fast rise some.

Confiscated implies some wrongdoing. I see nothing to warrant an accusation like that.

https://bitcointalk.org/index.php?topic=1727.msg1539613#msg1539613

There's nothing to imply "rightdoing." This could be Queen Elizabeth II's stash of Bitcoins from selling cocaine on Silk Road for all we know.

Did she tell you that?

She's usually more discreet.

thank you! a lot of time passed away with no further announcement.

You must be an absolute fool to believe that 9.2 billion USD actually flowed into Bitcoin.

It is an old miner. Old miners were mostly believers in BTC. It had no value back then. If they didn't believe they would have sold by now.

If someone wants to dump that many coins it would hurt the seller dumping them at once. Clearly they would be doing it to kill confidence and the price. That would be temporary. They would have to sell them across the big 4 exchanges. That would probably bring the price down to the 200's or 300's judging by the market depth.

All conjecture at this point but I have faith in an old miner. Time will tell, that much we can agree on.

Market cap does not mean the amount of money that flowed into a stock. It is a simple metric, number of outstanding shares times the price.
Perhaps think before name calling.

Some seem to believe it does. Obviously Ekaros hinted at that by mentioning 'real market cap'. Bitcoin has not enough liquidity to live up to that number of 9 Billion, not even close. That number by 50 is what you could get out if you wanted, maybe.

Artforz finally cashing out? :)

I'm not sure I follow you. If we look at the order book, there is a pretty solid number that we know (how many buyers below, sellers above - though manipulated). There are also orders not on the orderbook - and perhaps they dwarf it.

Well, anyway, with all that BTC represents, perhaps it is fair to say that it deserves a HUGE market cap. We have a stock (in the network), asset, currency, protocol, development platform, commodity, etc. all in one. And, it is in the financial sector during a time of crisis. We have a new entity and by all measure, it certainly seems to be moving up in an S-Curve fashion.

I would not be shocked in 5 years to see the "market cap" at 1 Trillion USD. But likewise, I would not be shocked (just saddened if the mission was not accomplished or set in motion) if it was lower than now.

I wonder why everyone is just writing bunch of random names of random people that allegedly have a big amount of coins.
Wouldn't it be more likely that Satoshi is moving some of his coins around?

Why do you do what you do?

Sorry  ;D

please distribute these coins ASAP poeple need them

Maybe it's Hal. I'd like to escrow that kind of transaction. My  fee is only 1% and can probably be lowered or fixed.

I doubt that the person will share to the poeple.

Where is the best place to obtain a paper wallet?

Your printer, generally.

https://www.bitaddress.org/

Holy bitcoin! id be happy with 0.01% oh that :O

Seems reckless to keep that many coins in one wallet.  Why not break it up into 10 wallets with 20,000 bitcoins each?

Seems foolish if they really are moving them to cash out.  Why not wait a couple years until bitcoins are $5,000+ and become one the world's first Bitcoin Billionaires?

Yeah I could use some! Black friday is 'round the corner.

They are splitting them up.

Need more rich trolls.

153apNjAQ96uKdxGYBEvzHYB8UpoeyaYdn
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1FollowAQ96uKdxGYBEvzHYB8UpoeyaYdn
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1CluesjAQ96uKdxGYBEvzHYB8UpoeyaYdn
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1ForpNjAQ96uKdxGYBEvzHYB8UpoeyaYdn
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1PrivNjAQ96uKdxGYBEvzHYB8UpoeyaYdn
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1KeypNjAQ96uKdxGYBEvzHYB8UpoeyaYdn

Vanity address riddles costing many, many weeks of peoples' time in subsequent transactions. Eventually, it leads to a hosted, encrypted archive (password and URL found by solving all the riddles) with a .txt in it - "lol jk."

That's just ridiculous... Numbers like these make we wonder if bitcoin will survive.. how can ANYONE have that many bitcoins o_0

If bitcoin succeeds... there will be so many billionaires made it's not even funny.

Anything else would be strange...

That would equate to ~$75,000 USD per bitcoin. Do you realize how much barn wood I could buy with that? And earn 500% profit when I sell it. I can...let me do the math...WoW! I can buy a new truck... and a couple goats.

+1 couldn't agree more

Sorry for the old bump

Brainwallet.  :D

Oh, hey, whoever you are, vtc.com is for sale for about 12,500 BTC at current rates, and I'm willing to do the escrow. I think its priced in fiat, just using BTC to do the trade. It was going for 75,000 BTC last month, but the USD rate then was only 133 per BTC.

About coin distribution..

Because Bihthttp://bitcoinrichlist.com/top100p://bitcoinrichlist.com/top100coin are not mainstream yet, for sure only a very small proportion of the population own Bitcoin.  Some own a lot.  If we compare the coin distribution compared to the fiat distribution, I think fiat currencies are much more concentrated in the pocket of a few.

Bitcoin : 30% in the top 500 wallet..   http://bitcoinrichlist.com/top100 (http://bitcoinrichlist.com/top100)

I beleive that more then 80% of all fiat currencies are in the pocket of less than 500 human beings..

So, even if not yet mainstream, Bitcoins are much more distributed than other currencies.

As the Bitcoin ecosystem grows, it should become even more distributed.

Gratz to the whealty ones, they search for alternatives and found BTC.  They also understood the true power of it, and had strong hands to be able not to sell.  They are rightfully whealty, by merit !

Was my 0.0000002 btc

This is a company most likely. it was relayed by an ip fromHetzner's server block(german hosting company), and includes addresses for coinbase and other vendors.

i followed the bulk of it to this address https://blockchain.info/address/13f6vcKNGZxp6xegD3e5vNYvHHPMSk7mxj?show_adv=true

Can't they just give me like 10 BTC.
Or cant they give 1 BTC to 100,000 people!  :'(

I made a post but didn't see it was there already :(

Also I looked a bit and noticed that someone also moved about 100,000 today
https://blockchain.info/address/13f6vcKNGZxp6xegD3e5vNYvHHPMSk7mxj

someone preparing to cash their $$$ in when bitcoin hits 1000/BTC

Is that a whale messaging Satoshi? Or is that public note added by someone else?

I doubt that.

maybe

You realize that someone who wanted full current value for his coins (and sanity for the bitcoin economy itself) would not kill the price; he'd just stop the price from rising quite so fast.  Offer a bunch of coins at $1000 setting up a "wall" there that takes a week or so to break, even with newbies getting in as fast as they can, then let it roll for a little while and set up another "wall" at $1200, etc.  People with that kind of money can choose to just plain *stop* the price from going hyperbolic (and then crashing) when mainstream adoption kicks in. 

And that may be what they're getting ready to do.  We've been with the highs and the crashes for years, but we're not the mainstream yet.  The mainstream would be terrified to get into something and *then* discover that it's as volatile as it's been for us.

Anyway, someone with this kind of coin can do a lot to dampen volatility.