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magicmexican
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October 05, 2014, 09:51:18 AM |
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266 soon? btc-e is about to break 300
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NotLambchop
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October 05, 2014, 09:51:30 AM |
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Gentlemen! Less bickering, more buying! 311 is unacceptable  |
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btcney
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October 05, 2014, 09:52:42 AM |
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300 about to break  |
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JorgeStolfi
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October 05, 2014, 09:53:05 AM |
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so if I had 50000BTC siting in my address for 1 year, and I decided to move/spend 1000BTC, the days destroyed for that transaction would be 1000*365, which is not that big really when looking to the daily sum:
Thanks for the exmaple, but: If the 50'000 BTC were sitting in one address (and one utxo), wouldn't there be a 49'000 BTC change-back output too on that transaction? Would that output be excluded from the BDD? What if the change-back went to a different address? |
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JayJuanGee
Legendary
 Offline
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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October 05, 2014, 09:53:38 AM |
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SHIT JUST HIT THE FAN
CHECK SATOSHIS WALLETS
FUCK
Confirmed. Holy shit... RIP bitcoin. Even I didn't expect this! Link or it didn't happen Check block chain. Huge volume of coins being moved. Maybe, but what is this 'satoshi wallets' bullshit? Pathetic FUD? All of Satoshi's coins are in the early blocks... just checked and haven't seen any coins moved from those, definitely FUD. Also there has been no real spike in the number of older coins moved.. NOT since March 2014. See the blockchain charts: https://blockchain.info/charts/bitcoin-days-destroyedthis argument is not that valid, see my posts from yesterday : post 1 , and post 2So if i understand your claims correctly, you are suggesting that either older users are engaging in ongoing coin movement to disguise the bitcoin days destroyed quantity that is generated by their coin movements (to make the bitcoin days destroyed number smaller) or they are transferring access to their accounts/wallets without moving coins? Correct me if I have misstated your claims, but if the above are your claims: 1) it seems to be a bit cumbersome to engage in such conduct to camouflage coin movements and therefore does NOT seem to be very plausible explanations and 2) if the conduct is happening, would there be any solution(s) to make such movement of coins more transparent? |
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runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
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October 05, 2014, 09:53:54 AM |
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300 about to break Arbitrary number about to break!  |
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Rat_Poison
Newbie
Offline
Activity: 14
Merit: 0
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October 05, 2014, 09:56:33 AM |
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Bull-tards still not accepting the reality.
There are beanie baby holders who still think they'll have their day in the sun again. Don't expect the bulltards here to face reality any time soon. |
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 05, 2014, 09:58:41 AM |
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Oh fuck, we are not over yet
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 05, 2014, 10:01:11 AM |
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Davyd05
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October 05, 2014, 10:01:54 AM |
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Bull-tards still not accepting the reality.
Were fully accepting it. I think you don't appreciate how many bulls have gone bear. |
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fonzie
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October 05, 2014, 10:02:35 AM |
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Oh fuck, we are not over yet
Stamp seems unwilling to follow China anymore at least volume wise, no big dumps happening anymore. Mostly small traders actin. Also BTC-E is only 10$ below Stamp. Which could (mean) that we are close to a (temporary) bottom. |
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explorer
Legendary
Offline
Activity: 2016
Merit: 1259
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October 05, 2014, 10:04:45 AM |
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Oh fuck, we are not over yet
Stamp seems unwilling to follow China anymore at least volume wise, no big dumps happening anymore. Mostly small traders actin. All of the coins have changed hands, nothing left to dump  |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 05, 2014, 10:04:47 AM |
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so if I had 50000BTC siting in my address for 1 year, and I decided to move/spend 1000BTC, the days destroyed for that transaction would be 1000*365, which is not that big really when looking to the daily sum:
Thanks for the exmaple, but: If the 50'000 BTC were sitting in one address (and one utxo), wouldn't there be a 49'000 BTC change-back output too on that transaction? Would that output be excluded from the BDD? What if the change-back went to a different address? If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700. I was trying to understand that as well, but I often see small transaction from large holding addresses (for example BTC-e's cold cold storage or Bitsamp's cold storage) where they send only a couple thousands of coins to a new address, after checking the days destroyed chart I don't see any spike !!! For example watch this transaction it took place 28-08-2014 and it is Bitstamp sending 3000 BTC to an address and the change to another address, now this is how the days destroyed looks like that day:  |
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DutchTrades
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October 05, 2014, 10:08:38 AM |
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Who is actually making money out of this market?
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Davyd05
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October 05, 2014, 10:11:01 AM |
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Who is actually making money out of this market?
Exchanges Uh shorters ND swing traders |
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Wandererfromthenorth
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October 05, 2014, 10:12:07 AM |
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Who is actually making money out of this market?
Exchanges Uh shorters ND swing traders Yes. If you are not making any profit out of this market you are doing it wrong. |
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rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
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October 05, 2014, 10:13:34 AM |
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Re: days destroyed, the convention for wallet software appears to be that change addresses are hidden from the user. Change doesn't count as spent coins, and shouldn't contribute to days destroyed.
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Poll
