Bitcoin Forum

Economy => Economics => Topic started by: multi#lord on June 24, 2012, 02:33:08 AM



Title: Forbes 400? BTC Top 10?
Post by: multi#lord on June 24, 2012, 02:33:08 AM
I am assuming most was purchased through currencies, don't think mining makes up most of these.

http://www.forbes.com/sites/jonmatonis/2012/06/22/the-bitcoin-richest-accumulating-large-balances/



Title: Re: Forbes 400? BTC Top 10?
Post by: ErebusBat on June 24, 2012, 03:09:52 AM
Wonder if they got the SR wallet on there :P


Title: Re: Forbes 400? BTC Top 10?
Post by: Bitcoin Oz on June 24, 2012, 05:23:37 AM
Wonder if Warren Buffett has got involved yet? He would keep it quiet anyway I'd guess.

Warren Buffett would buy bfl.


Title: Re: Forbes 400? BTC Top 10?
Post by: multi#lord on June 25, 2012, 01:15:45 AM
Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time.

http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM

Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?


Title: Re: Forbes 400? BTC Top 10?
Post by: notme on June 25, 2012, 03:01:23 AM
Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time.

http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM

Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?

It would drive down supply, but it would not be considered dead.  As long as funds are flowing into it you know the person controlling it may very well spend some.


Title: Re: Forbes 400? BTC Top 10?
Post by: johnyj on June 25, 2012, 10:01:49 AM
A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise :D


Title: Re: Forbes 400? BTC Top 10?
Post by: crazy_rabbit on June 25, 2012, 10:09:00 AM
A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise :D

It's worth considering. A few ambitious finance guys could take a relatively small amount of money and buy up a whole lot of BTC and sit on it or pump and dump.

All the reason to mine the rest of the BTC. :-)


Title: Re: Forbes 400? BTC Top 10?
Post by: Raize on June 25, 2012, 10:47:46 PM
Every time the 400k address is brought up someone always points out that it is MtGox's and I always point out that it isn't, because if it was, it would be in their best interest to say it was to put minds at ease.


Title: Re: Forbes 400? BTC Top 10?
Post by: stevebc on June 26, 2012, 08:08:54 PM
Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums.  Keeping your wallet 100% safe is not a trivial task for most.


Title: Re: Forbes 400? BTC Top 10?
Post by: notme on June 26, 2012, 08:16:22 PM
Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums.  Keeping your wallet 100% safe is not a trivial task for most.

Maybe it's an offline, paper wallet.


Title: Re: Forbes 400? BTC Top 10?
Post by: Roger_Murdock on June 27, 2012, 11:49:30 PM
440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.


Title: Re: Forbes 400? BTC Top 10?
Post by: R- on June 29, 2012, 05:45:05 PM
440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened. (https://bitcointalk.org/index.php?topic=137.0)


Title: Re: Forbes 400? BTC Top 10?
Post by: CecilNiosaki on June 29, 2012, 11:50:48 PM
440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened. (https://bitcointalk.org/index.php?topic=137.0)

Ouch