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Author Topic: Who the hell is hoarding his spare change?  (Read 726 times)
FoxMURDER
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June 26, 2011, 10:47:54 PM
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Can't post in main forum, and couldnt find the thread about it anywhere -

Do you think it's MtGox switching wallets for some reason (why?), or something/someone else? Or just someone wants me to have something to talk about Smiley

http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3
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Maged
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June 26, 2011, 11:16:56 PM
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This is MtGox fulfilling withdrawals.

hashman
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June 27, 2011, 12:44:42 AM
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This is MtGox fulfilling withdrawals.

care to elaborate? 
hamdi
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June 27, 2011, 12:49:03 AM
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so mtgox is in possession of a third of all existing coins?

FoxMURDER
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June 27, 2011, 06:16:50 AM
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so mtgox is in possession of a third of all existing coins?
taking into account the volume of trading before the hack it might be possible but still - it seems that someone is in the possession of 1/3 of all BTC ... that even may be the reason BTC is worth what it's worth ...
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June 27, 2011, 07:01:35 AM
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so mtgox is in possession of a third of all existing coins?
No.
All those around 47k are transactions from the same address of ~48k.  It sends X BTC to Y address from address Z, and the change to ZZ address, then sends XX BTC to YY address from the change address of ZZ.

So it's not 2M bitcoins in that wallet/address, it's only 48k.
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June 27, 2011, 07:38:27 AM
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ah there's still something to learn with bitcoins Wink thx for the explanation ...
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