What was the 90,000 BTC transaction?

[Meni Rosenfeld]

In Quantitative Analysis of the Full Bitcoin Transaction Graph, Dorit Ron and Adi Shamir have noted that the first ever transaction of value at least 50,000 BTC, was transaction b9a0961c07ea9a28bdfa950556bd96f71d9ecf6e42d19c08cb2ee331a30d30cb from Nov 8 2010 where 90,000 BTC were sent to address 1BtK4w7yuvtWEqmMJcjW6DqWuqXBWii2ZC. Interestingly, they also found that most future large transactions can be clearly linked to it.

Does anyone have an idea who might be the sender/receiver of this transaction, or what can be done to try to find out?

I figured Mt. Gox would be the most obvious owner, but apparently no link to Mt. Gox was found in the transaction graph. Knightmb also crossed my mind.

Are these just coins owned by an unknown early adopter?

[Mike Hearn]

I think this was MtGox going through a wallet consolidation.

Bitcoins wallet code scales poorly. MtGox uses a custom implementation of Bitcoin now, but back then I think performance had tanked to the point where Mark needed to send all funds from an old wallet to a new one, in order to reduce the number of transactions being considered when forming spends.

[World]

from google search:

theymos:
That was a few days ago. 1AYtn... received 400,000 BTC and then sent 150,000 BTC to 1LYJH... (possibly the same person). 1LYJH proceeds to break the coin into many smaller pieces over a long period of time. My guess is that 1LYJH is breaking the coin intentionally for some reason (maybe anonymity).

There might also be another person (1NMDH) between 1LYJH and the chain of coin-breaking transactions.

Interesting series of transactions.

One of the 400,000 BTC transactions was only 259 bytes in size, and only one transaction/block, since the 400,000 BTC was already in one coin.

psy
Or maybe just an early adopter... This is the originating address http://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX
400K BTC that were consolidated there on January 27, 2011, coming from various sources.
And seeing as a lot of those coins that were sent there are the 50 BTC block reward coins, it's some miner.
A very rich miner I would say lol

[Meni Rosenfeld]

from google search:

theymos:
That was a few days ago. 1AYtn... received 400,000 BTC and then sent 150,000 BTC to 1LYJH... (possibly the same person). 1LYJH proceeds to break the coin into many smaller pieces over a long period of time. My guess is that 1LYJH is breaking the coin intentionally for some reason (maybe anonymity).

There might also be another person (1NMDH) between 1LYJH and the chain of coin-breaking transactions.

Interesting series of transactions.

One of the 400,000 BTC transactions was only 259 bytes in size, and only one transaction/block, since the 400,000 BTC was already in one coin.

psy
Or maybe just an early adopter... This is the originating address http://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX
400K BTC that were consolidated there on January 27, 2011, coming from various sources.
And seeing as a lot of those coins that were sent there are the 50 BTC block reward coins, it's some miner.
A very rich miner I would say lol

For reference, these threads are:
https://bitcointalk.org/index.php?topic=4102.0
https://bitcointalk.org/index.php?topic=91086.0

[klaus]

Back Nov 2010 - Mark was not the owner of mtgox yet.

At this time it was Jed McCaleb (sold mtgox to Mark in March 2011)

So if it was mtgox = early adopter

[bitcoinpaul]

https://blockchain.info/charts/bitcoin-days-destroyed-min-year

[bryant.coleman]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

[Rampion]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

[bitpop]

Mtgox #1

[Meni Rosenfeld]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

[Rampion]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

Totally missed that one. Was its volume relevant?

[bitpop]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

Totally missed that one. Was its volume relevant?

Just a 10,000 pizza
There were also people mailing you cash in the mail

[bryant.coleman]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

New Liberty Standard was established in October 2009. It dealt with tens of thousands of Bitcoins everyday before it closed down.

[Bitcoin Oz]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Noob alert.

http://bitcoin-otc.com

[Rampion]

I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Noob alert.

http://bitcoin-otc.com

Sure, and before bitcoin-otc we had forum posts - so what?

What do you mean given the context of the current discussion? That these coins about which we are discussing "belonged" to "bitcoin-otc"??

Think before you write.