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Author Topic: Mt Gox wall of withdrawals  (Read 3636 times)
spruce
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June 25, 2011, 06:07:21 PM
 #21

I heard someone say that 80% of BTC did not circulate.

If that recent block had 2.5 million btc in transactions, does that mean that app. 40% of btc where moved, or no?

Eyeballing it, it looks like about 3700 BTC were moved out, if you ignore change going back to the sender. The biggest transaction looks to be about 400 BTC.

I'm assuming that if there is a starting balance of 413.7654398, which transfers to 2.05 and 411.7154398, then the simple 2.05 is the transfer and the one with all the decimal places is the change.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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June 25, 2011, 06:09:20 PM
 #22

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