Now that is a good answer! I really appreciate you taking the time to break that down!

Geeze, that really was one person moving around 100k in bitcoin. Someone should write a script which takes the ip address of large transactions and compares them against IP blocks registered to companies It'd be interesting (I don't have the skillz). Maybe someone could repurpose that wikipedia script which did the same with wiki edits! I would be interested to see if Chase or Bank of America are moving are btc in large quantities! Surely they'd know enough to obscure their identity if they did. I mean you can probably connect to the btc network through a tor protocol or at least a proxy server. But companies didn't take the time to use a different ip block for their wiki edits either.

Appreciate the help! It started syncing faster after it got down to a year, WAY faster. Turns out I did transfer it correctly. I'd be more concerned about the beta status of multibit if I was managing a business accepting BTC or used it often or used large sums. I've got 40$ so I'll risk it, I just want to get rid of 26GB+ of blockchain! Luckily I just found my 2TB drive I bought, but it's not installed yet!

Quick question: I typed my balance into google (currency conversion) and it pulled up some site indexing the blockchain, does this blockchain contain the private IP address of every transaction ever made with bitcoin? The ip address listed with the quantity was not my IP address (it wasn't even a US address) so I don't think it has anything to do with me, it just got me asking questions. I know BTC is a cryptocurrency, but this is in reference to how it authenticates the transactions as legitimate, and nothing to do with securing your transactions from prying eyes correct? I'm right in assuming bitcoin is in no way private?

I know bitcoin has many legitimate uses but it also is notoriously connected to some less than legal transactions, are people not somehow permanently linking themselves to such transactions? I'm not using btc for this purpose so I'm not particularly concerned but I know people online who do. Is this mitigated by the constant generation of different wallet addresses? Is any personally identifiable information inextricably linking two parties generated every transaction?

It's hard to wrap my mind around, BTC/cryptocurrency is such a novel thing. It's hard to imagine if your dollar bill had a log file attached with the fingerprint of every person who ever held it! Maybe I'm completely misunderstanding what I was looking at

Edit: https://blockchain.info/ was the site, however if I type my public IP it doesn't list anything, nor does typing my ip address and bitcoin or any transaction amounts into google. What exactly does an IP address "relaying a transaction" mean? Is this every transaction moving through the network or do particular nodes relay transactions? I've read fairly thoroughly about the underlying method that btc uses and it still somewhat bewilders me. What is this relay business? It's surprising to see 30,000$ transactions flying through! What are people buying cars in btc? lol I guess I never realized how extensively and in what large quantities btc is traded and spent. Edit2: man 100,000$ transactions! Are these single transactions? It says something like:


Why are there 5 figure outputs and inputs when 28 bucks is what is transacted?

When I click on the link (https://blockchain.info/tx/f465928eeaeef0ac88cf35d036f46d8fe23a05f320c4290c8e4024b4ecceda15) there's a whole list of large figures broken down from that 100k figure, yet only one of them is the 28$ one.


One other thing, a quick look shows transaction fees spike when market capitalization plunges - is this people dumping btc so more transactions are carried out? Also when it lists transactions fees (.04$ by default, right? but you can make it higher for quicker transactions or something?) so the daily transaction fees/.04$ gives you the bare minimum of transactions?

Thanks for the help! I see the file, but I'm still unsure how to use the import wallet functionality of multibit, but that's ok I'm not going to try in do it. I must have connected to a faster node because it took forever to do the first 51 weeks (from 2 years 51 weeks) but it's zipped through the last year quickly, I believe there are only 6 or so days left to update, 26+GB so far!

So good security would be to send the money to a multibit wallet and then password protecting it with upper and lower case numbers and symbols? I'm not all too worried about it as it is a fairly small amount of money (40 bucks or so) and I don't intend to have much more, but I am curious. Since multibit is on the fly does it take longer to update new transactions or the same as a fully synchronized bitcoin core? Honestly I rather not store 25GB+ of blockchain and multibit seems to have a consensus that it's a good BTC client.

I'm really anxious for the 6 days to complete so  I can tell whether I sent it to the correct address or not! I have one entry in the requested payments so I'm pretty sure I sent it to that single wallet.

Is my private key the second number listed in the config file, "rpcpassword?" Bitcoin core seems to have less functionality or intuitive design than multi-bit! I just should've asked first what was best!

There is no .key file in App Data->Roaming-Bitcoin. You can only export a receiving address in bitcoin core in comma separated variable format. No I don't need the BTC now - it's down to 50 weeks (1 week every 1-2 hours) so should I just wait until it's done, probably 2 day or so? After that I'll move the coins to multi bit and chill on it.   Thanks for everyone's kindness and guidance!!

Edit: Why the hell does bitcoin core take forever, when multibit already says "online," it took like 15 minutes saying synchronizing then bam. Does it just not download the entire blockchain? How is that possible? What is the advantage of having the full one?

This is the text in my bitcoin conf file, the sample config file in the wiki link is HUGE, mine contains this:


What is the code that needs to be added after the password? I'm sorry for being ignorant of this, I just don't want to corrupt the blockchain I've downloaded so far!

The 'chainstate' folder and the 'blocks' folder in my App Data->Roaming->Bitcoin folder are at 12GB so it's got a fair amount of data since I posted. What is the total size of the blockchain? I may have to start moving stuff off of the C: drive it's loading to as I've only got 15GB or so left!

Thanks for your help! I'm going to try to add the nodes in a few minutes. It's down to 1 year from 1 year 40 weeks so I may just give it a few days to complete the blockchain.


Unfortunately I just picked a popular bitcoin wallet, I had used a more responsive one before, and an online wallet as well which used custom passphrases in .jpegs, I was trying to withdraw it to a bitcoin address so I could make a payment to someone, unfortunately it wasn't working so I figured I'd send it to myself first, I just remember the first wallet I had updated the blockchain in an hour instead of days. I'm running a  fairly fast I7 quad core, so the bottleneck is probably the internet, but that is a 6mbit connection, so it's probably the nodes I'm connected to.

I was under the impression that since I already sent it to a particular bitcoin wallet number that I couldn't easily transfer it until the blockchain is complete and it shows a positive balance. The quantity was only 4o bucks worth, it's my fault for being a bit ignorant about the blockchain download process. I'm pretty technically savvy so I'll try and add the nodes.

I don't particularly need the money right away so I may just buy another 40$ in btc and then use multi-bit since I'm probably out of luck until it syncs, is this the correct assumption? I really should have consulted here first. I'm going to download multi-bit and check  it out. Thanks for everyones suggestions, you all have been most helpful!

Does this go in "third party transaction urls"? or is there somewhere else I'm missing in bitcoin core?

Good CPU, not so emphatic about the peers I'm connecting to. Since then it's only at 1 year 18 weeks, does that mean it will be a few days until it catches up and my Btc in my wallet show up?

I have a bitcoin core wallet which says it is 1 year 49 weeks behind, how long on a I7 3.8ghz 64bit quad core until it is no longer behind?

I figured it would have to catch up until it finally finds the deposit I made into the wallet in that app?