Half a million bitcoins from Mt.Gox moved in 2011....

[randy8777]

mtgox coins are most likely mixed a hundred times and split into very small wallets. and surely a certain % of the coins are dumped.

Massive amounts of them coins have been dumped since they was stolen, probably one of the reasons the price has come to less than a quarter of the price since then. I do wonder how much they have left though, because they must have quite a stack still the horrible little thieves, so so much stolen funds never to be returned no wonder we lost a lot of people who was around for that.

the dump of gox coins definitely had a huge negative impact on the price but the current price is also the result of merchants getting their sales converted to fiat.

[HYPERfuture]

mtgox coins are most likely mixed a hundred times and split into very small wallets. and surely a certain % of the coins are dumped.

Massive amounts of them coins have been dumped since they was stolen, probably one of the reasons the price has come to less than a quarter of the price since then. I do wonder how much they have left though, because they must have quite a stack still the horrible little thieves, so so much stolen funds never to be returned no wonder we lost a lot of people who was around for that.

the dump of gox coins definitely had a huge negative impact on the price but the current price is also the result of merchants getting their sales converted to fiat.

Without all the massive hacks and dumping the BTC price would probably still be at least at $500 +

The last big downturns in price were right after the Gox scandal last year, then the Bitstamp hack, then again after the recent Bter hack, then again after the darkmarket that disappeared with thousands of coins just recently...
 
The pattern is obvious and It's really frustrating that scum thieves are having such a large affect on the whole cryptocurrency ecosystem.

[Q7]

Am I missing something over here? The Gox account has been idling for sometime now and left with only some balance of coins in it. And both transactions just dated back to almost like 4 years ago.

[Denker]

Am I missing something over here? The Gox account has been idling for sometime now and left with only some balance of coins in it. And both transactions just dated back to almost like 4 years ago.

Yeah I as well don't get it.

[fox19891989]

Lmao, you fooled us, happy April's fool day, lol.

I was angry after seeing this, because I thought mtgox owner scammed us.

But when I see the transaction time is 2011... LOL

1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q  balance is almost 0, and total received 5.7 million BTC.

https://blockchain.info/tx/0b711c067492f2b8b5a86daae997ab9319c99375da3cec3626cf0767a0552e12        2011-11-18 08:37:58   

[Cryddit]

Yeah, as I keep saying, I made a scripting error. 

I set up my tickler to alert me for any mt.gox movements, but I gave it the wrong URL.  I figured the 'recent transactions' page meant RECENT, you know?  And I had my phone turned off at the time, but I didn't think about what that meant....   

So the next morning I woke up bleary-eyed, turned on my phone, and immediately got the text message and went "holy crap", and I came here and posted an OP that's just plain wrong.

[HI-TEC99]

......

As far as i have always know April fools day is only for the 1st of April, some people only say till lunchtime too, not sure about that one.

That's the way I always heard it was, you're the fool if you try to trick someone after lunchtime. I never heard of it lasting the whole of April.

[Taras]

OP might want to change the title.

[Cryddit]

OP might want to change the title.

Hey, what a good idea.  I did that. 

[ensurance982]

2011... Well it's hard to make any connection to Gox going bust in 2014, to be honest. A *lot* of water went under the bridge in the meantime. Don't know if this has something to do with a heist, inside job, or anything...

[mitus-2]

you gave me a mini heart attack when i read the title!
unluckily those coins, as already noticed, where moved in 2011, so

NOTHING TO SEE HERE!!!

[ticoti]

you should edit the title, the transactions are not know and they were already known by the community.

If you find any connection with new bitcoins moves,please post it

[bryant.coleman]

I have seen similar transactions with BTC-e as well. Exchanges move coins from one wallet to another time to time. Sometimes they move coins from hotwallets to cold storage, and sometimes they do the reverse.

[Blazr]

Thats the address for the old MtGox green address feature:

https://bitcointalk.org/index.php?topic=48170.0

The green address feature was supposed to allow merchants that trusted MtGox to be able to process 0 confirm transactions from MtGox users. If a merchant saw funds sent from that address, they would know it was sent from a MtGox account and if they trusted MtGox they could process the 0-confirm transaction as it is unlikely MtGox would try and double-spend it. It never got much use.

Following the thread from Instawallet about green address, we have decided to give it a try on MtGox.

When withdrawing on MtGox, you can check the option "Use green address" to cause your coins to be sent through the address 1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q (or pass the option green=1 to the withdraw.php API).

We have however used a slightly different implementation than Instawallet here, ensuring there is never any coin remaining on this address, reducing the interest for "bad people" to guess its private key.

Each time a transaction is sent via our "green address", a first transaction is generated to send a random amount of bitcoins (larger than the total amount of coins withdrawn) to the address, then a second transaction is generated to get the coins "out". Transactions are always sent by pair and are broadcasted together.

This, however, causes transactions sent via the "green address" option to normal targets to take longer, as two transactions needs to be confirmed. Bitcoin services recognizing our green address will, however, be able to process those deposits in real time instead of waiting for confirmations.


We are thinking of rotating the MtGox green address once in a while, with new green address announced ~1 month in advance.


Any comment on this is welcome.

[Taras]

FUN FACTS!

This is the largest bitcoin transaction (in terms of coins involved) in history, and remains so after several years.

Mt. Gox usually held this record most of the time before this transaction. Before that, early miners made the largest transactions.

Bitstamp holds the record for largest transaction in terms of USD value, and Satoshi holds the record for oldest transaction.

I have held the record for youngest transaction 2,000 times.

The 50,000 BTC output of the transaction in the OP was thought lost for years until Mt. Gox "found" 200,000 lost BTC in "old format wallets" about a year ago.

The 500,000 BTC output is the largest in history. The address it is on also carried the highest balance ever, if you prefer to think of addresses as accounts. stop doing that

The person responsible for this transaction has a Wikipedia article that is placed in the Computer criminals category. He is also a wanted fugitive by the French gov't, but resides in Japan.

[Lauda]

FUN FACTS!

This is the largest bitcoin transaction (in terms of coins involved) in history, and remains so after several years.

Mt. Gox usually held this record most of the time before this transaction. Before that, early miners made the largest transactions.
Bitstamp holds the record for largest transaction in terms of USD value, and Satoshi holds the record for oldest transaction.
I have held the record for youngest transaction 2,000 times.
The 50,000 BTC output of the transaction in the OP was thought lost for years until Mt. Gox "found" 200,000 lost BTC in "old format wallets" about a year ago.
The 500,000 BTC output is the largest in history. The address it is on also carried the highest balance ever, if you prefer to think of addresses as accounts. stop doing that
The person responsible for this transaction has a Wikipedia article that is placed in the Computer criminals category. He is also a wanted fugitive by the French gov't, but resides in Japan.

What does the bolded part even mean? Who is exactly responsible for this transaction?
You're not talking about Karpeles are you? Some clarification would be nice.
You did point out some interesting things that I was not aware of, thank you sir.

[Taras]

FUN FACTS!

This is the largest bitcoin transaction (in terms of coins involved) in history, and remains so after several years.

Mt. Gox usually held this record most of the time before this transaction. Before that, early miners made the largest transactions.
Bitstamp holds the record for largest transaction in terms of USD value, and Satoshi holds the record for oldest transaction.
I have held the record for youngest transaction 2,000 times.
The 50,000 BTC output of the transaction in the OP was thought lost for years until Mt. Gox "found" 200,000 lost BTC in "old format wallets" about a year ago.
The 500,000 BTC output is the largest in history. The address it is on also carried the highest balance ever, if you prefer to think of addresses as accounts. stop doing that
The person responsible for this transaction has a Wikipedia article that is placed in the Computer criminals category. He is also a wanted fugitive by the French gov't, but resides in Japan.

What does the bolded part even mean? Who is exactly responsible for this transaction?
You're not talking about Karpeles are you? Some clarification would be nice.
You did point out some interesting things that I was not aware of, thank you sir.

Every transaction is the youngest transaction for a second

[bryant.coleman]

Mark Karpelès had purchased the Mt Gox platform from Jed McCaleb (the guy who actually created it) on 6 March 2011. Has this got something to do with this particular transaction?

[Fabrizio89]

Lol, da fuck. Had a seizure reading the title

[Kprawn]

Those coins has been broken up in lots of little pieces and has most probably been mixed like a tossed salad. 

They will never keep it together like that... it will attract too much attention., like it's doing now... If and when those coins enter the system again, the price would drop and we will feel the ripple affect.

That is most probably Bill Gates petty cash.