Someone Just Transferred 40000 Bitcoins

[nonconformist]

Someone just moved 40000 Bitcoins. And the best part is the fee! LOL

Just imagine the paperwork you need to go through if you are going to move 400M USD from one account to another if you are going to use the banking system.

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

[btccointalk]

Someone just moved 40000 Bitcoins. And the best part is the fee! LOL

Just imagine the paperwork you need to go through if you are going to move 400M USD from one account to another if you are going to use the banking system.

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

Is it true? It is hard to believe.

[nonconformist]

It is. However it's said there that it's "unable to decode output address". What is the meaning of that? Did the transferrer accidentally transferred it to a non-bitcoin address, purging 40k bitcoins in the process? Is that even possible?

[SONG GEET]

It is. However it's said there that it's "unable to decode output address". What is the meaning of that? Did the transferrer accidentally transferred it to a non-bitcoin address, purging 40k bitcoins in the process? Is that even possible?

No it is not a non-bitcoin address or invalid address.

It is segwit bech32 address which you will get from new electrum wallet, still many explorer can't support this address type. You have to click on Show scripts & coinbase at button side of blockchain.info explorer to see that address.

Code:

bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

[cydrix]

Someone just moved 40000 Bitcoins. And the best part is the fee! LOL

Just imagine the paperwork you need to go through if you are going to move 400M USD from one account to another if you are going to use the banking system.

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

Yes it can be a pain though many of it. That is some big investors probably trying or taking advantage of BTC while it is on a dumping state. The fee maybe not that much but the money you've spent on just moving it to bitcoin maybe higher than the fee on BTC. We may seeing a large scale groups of big investors trying to reach the full potential of Bitcoin.

[nonconformist]

Just realized that it may be the stolen NEMs from the Japanese exchange. Then the culprit just converted them into bitcoin then transferred them to his own wallet? (this is just a theory)

[nonconformist]

It is. However it's said there that it's "unable to decode output address". What is the meaning of that? Did the transferrer accidentally transferred it to a non-bitcoin address, purging 40k bitcoins in the process? Is that even possible?

No it is not a non-bitcoin address or invalid address.

It is segwit bech32 address which you will get from new electrum wallet, still many explorer can't support this address type. You have to click on Show scripts & coinbase at button side of blockchain.info explorer to see that address.

Code:

bc1q9sh6544xls87x7skjzyfhkty4wq7z76vn7qzq9

I didn't know that! It's cool SONG GEET.

[qiwoman2]

I find it hard moving anything over 2k USD here rofl so that's a whopping amount of BTC. I wonder what type of whale is shifting that kind of money around. Maybe it's a bank or an exchange or even the Japanese Exchange hackers. It could be anyone but that is a hefty some of money to move around in one go. I wouldn't risk moving that kind of money amount in one transaction. Can you imagine it getting clogged up on the blockchain? 

[pooya87]

it is the famous bitcointalk user called Loaded who has moved his coins from a legacy address to a Bech32 (native SegWit address).
https://twitter.com/khannib/status/957186970672947200

here is him signing a message from the "source" of this 40000BTC. i don't know why he kept moving it before this!
https://bitcointalk.org/index.php?topic=1836672.msg18280840#msg18280840

[Wind_FURY]

I cannot believe you all missed the funny part.

Fees   0.0001 BTC

Hahaha! He paid only around $1.00 in fees.

If Roger Ver and Jihan Wu did not keep flooding the mempool with spam transactions, Bitcoin would be fine. There is no need for bigger blocks, everyone. Using Segwit is enough.

[VitKoyn]

Someone just moved 40000 Bitcoins. And the best part is the fee! LOL

Just imagine the paperwork you need to go through if you are going to move 400M USD from one account to another if you are going to use the banking system.

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

He sent 4000 Bitcoin to segwit address and only paid $1 for the transaction fees (11.086 sat/B) lol. Anyway it is normal because the mempool is not clogged by hundreds of thousand unconfirmed transaction anymore so paying for this low transaction fee will have no problem, seems spamming in the network have stopped for now. But the interesting part is he transfer his Bitcoin to segwit address, I'm starting to think that people have now realized that using segwit addresses is way more better than legacy addresses.

[felipe04]

If your here in crypto with business i'm sure that 40000 btc are from business man here and that is normal now because the money here is more safe than to transact in some banks,the conveniece in transaction here are the people wants and it trusted already like the past transaction here so it's so need from many person here even we have volatile price here.

[olushakes]

Someone just moved 40000 Bitcoins. And the best part is the fee! LOL

Just imagine the paperwork you need to go through if you are going to move 400M USD from one account to another if you are going to use the banking system.

https://blockchain.info/tx/92785a57f6e9e9eb9d37a00e6e8be7f888376f65fa2b8f868db261cbf6cca7b0

Such amount of money is being move in the banking system without issue just that you have to fill those paper works in other for them to ascertain the source of the funds and be sire it complies with international laws and I wonder what the problem would be if you don't have anything to hide.

And even thinking no paper work is need to move that kind of money because is crypto is grossly exaggerated only if he won't pass through exchange site because there your verification will be on the highest level.

[carlisle1]

Just realized that it may be the stolen NEMs from the Japanese exchange. Then the culprit just converted them into bitcoin then transferred them to his own wallet? (this is just a theory)

you made connection huh?great mind mate,intrigue isn't it?lol but if this really true,well such a good/bad news to bitcoiners and i cant wait to see the reaction of the market regarding this.i guess this large amount will make big movement on crypto community

[zkidkid]

Another dump/pump game will start 

[ico41]

I cannot believe you all missed the funny part.

Fees   0.0001 BTC

Hahaha! He paid only around $1.00 in fees.

If Roger Ver and Jihan Wu did not keep flooding the mempool with spam transactions, Bitcoin would be fine. There is no need for bigger blocks, everyone. Using Segwit is enough.

Moving fiat currency is incredibly frustrating.  If I want to move $3,000 USD to Mexico using one of the cheapest ways I can find - Paypal (in small towns in Mexico not even banks will handle Western Union for $3K), the fee is $87.00.

This guy moves $400,000,000 worth of USD for $1.00 in fees.  Please tell me this will eventually spell doom for the banking/moneyhandling architecture that is currently in place. I guess it will be awhile, and I guess it won't be easy, but damn I wish it would come soon.

[rommelzkie]

^ wow thats a lot of money in an instant he transferred that so easily. i wish i can be a crpyto dev also because there is a lot of potential income on that kind of job.

[giveen]

Holy crap that's a lot and the fees $1 wtf i mean i get it he might be some fee  expert or has consulted someone but sending $400 million and $1 as fees , i think this is a clear example that btc is original and some shit like bch can't replace it , this proves his whitepaper was real.
There is surely one problem if he wants to convert to cash it can take him months or even years , there is high demand but keeping yourself anonymous is going to be super hard.

[Andrey123]

The commission does not matter, since there are already confirmations.
And what is the point in this topic?
Only envy that someone has so much money ....

[Cryptoforus Columbus]

I just entered in the crypto system, trying to understand something, but what I see is completely crazy.
How is possible to transfer a so big sum (we are talking about 400 million dollars...) anonymously?
Hard to believe.