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Author Topic: Did anyone notice that $1 million (7500BTC) transaction today??  (Read 7695 times)
The Avenger (OP)
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September 01, 2013, 05:18:44 PM
 #1

http://blockchain.info/tx/efb3f66fd4a5d52e2d499927ecd1dd58ac2960ce2cf67c48efedc973e176b3a6

Big things are happening, but who knows what?

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TippingPoint
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September 01, 2013, 05:21:41 PM
 #2

This was cool

Fees    0.001 BTC
The Avenger (OP)
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September 01, 2013, 05:42:26 PM
 #3

This was cool

Fees    0.001 BTC
You don't get rich throwing your money away!

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Magazine
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September 01, 2013, 05:49:26 PM
Last edit: September 01, 2013, 06:01:20 PM by Magazine
 #4

Just moving my Bitcoins into cold storage, nothing special.
LiteCoinGuy
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September 01, 2013, 05:49:52 PM
 #5

cheap and fast, he must be intelligent to use bitcoin  Grin

TippingPoint
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September 01, 2013, 05:58:21 PM
 #6

Another example of the Bitcoin network doing it the right way.

And I assume that it was not done through a U.S. FinCEN "regulated" Bitcoin exchange.
countryfree
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September 01, 2013, 06:04:15 PM
 #7

This is a private transaction. Similar sums are being exchanged million of times each time with fiat. There has been large transactions before, and there will be more in the future. It's the best and the worst of BTC that people can report and comment it.

I used to be a citizen and a taxpayer. Those days are long gone.
MykelSilver
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September 01, 2013, 06:05:43 PM
 #8

No delays by a Bank. 24/7 up and running .... So beautiful
Magazine
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September 01, 2013, 06:06:13 PM
 #9

How did they pay so little tx fee, also I wonder how they keep so many BTC. I would be a nervous wreck with that many.
mechs
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September 01, 2013, 06:06:52 PM
 #10

This is why BTC exists - he also could have paid a small tx fee of .0001 BTC:)
ingrownpocket
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September 01, 2013, 06:12:17 PM
 #11

How did they pay so little tx fee, also I wonder how they keep so many BTC. I would be a nervous wreck with that many.
Because Bitcoin.
Probably a early miner.
Same.
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September 01, 2013, 06:13:40 PM
 #12

How did they pay so little tx fee, also I wonder how they keep so many BTC. I would be a nervous wreck with that many.
Fee actually low for "aged" bitcoins - he could have paid even less like .0001BTC
nobbynobbynoob
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September 01, 2013, 06:14:48 PM
 #13

How did they pay so little tx fee, also I wonder how they keep so many BTC. I would be a nervous wreck with that many.

There are very, very few individuals with that much BTC. The very large balances (as in over BTC1000) mainly belong to exchanges and similar large bitcoin-handling businesses, AFAIK.

Probably a good deal of the early-mined bitcoin is now "dead and buried", the private keys forever lost. Just like gold under Satoshi Sea.

Transactions involving no small inputs and of sufficient "coin age" do not normally require a fee. 1 mBTC is reasonably generous; I normally use mBTC0,25/KB myself (whether necessary or not), which is 150% more than the minimum required by my client.

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The Avenger (OP)
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September 01, 2013, 06:39:07 PM
 #14

Probably a early miner.
The early miners with the biggest balances hold everything stable. It's always a little disturbing when they sell, as it could be going to hedge funds, bank or any financial mercenary who is trying to pump and dump bitcoin.

As I said a while ago, it's not the technological attacks, but the financial attacks that will destroy bitcoin. And the techy bitcoin bods won't even see it coming.

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MykelSilver
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September 01, 2013, 06:57:04 PM
 #15

As I said a while ago, it's not the technological attacks, but the financial attacks that will destroy bitcoin. And the techy bitcoin bods won't even see it coming.
I'm very glad for you that you can see the future.
The Avenger (OP)
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September 01, 2013, 07:15:44 PM
 #16

As I said a while ago, it's not the technological attacks, but the financial attacks that will destroy bitcoin. And the techy bitcoin bods won't even see it coming.
I'm very glad for you that you can see the future.
You only have to look at the past to see the future.

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MykelSilver
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September 01, 2013, 07:20:05 PM
 #17

History never repeats itself but it rhymes. As far as I know a virtual currency like bitcoin has never been used. But you "could" be right of course. But no one knows for sure.
The Avenger (OP)
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September 01, 2013, 07:44:08 PM
 #18

History never repeats itself
Grin
Try
http://rense.com/general29/wesold.htm
&
http://www.dailyrecord.co.uk/news/uk-world-news/britain-sold-nerve-gas-chemicals-2242520

Although bitcoin never existed before, people trying to tear down something they fear is not new. It's always done via the back door while everyone guards the front door.

Most bitcoin people relish mass movements of bitcoin, as it in some way proves how cool it is. But it could be going anywhere, to anyone. And their intentions or motives might not necessarily be as positive as most of the people on this forum.

That's all I'm saying. It's worth looking out for.

"I am not The Avenger"
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September 01, 2013, 07:51:02 PM
 #19

Or we could have just found the transaction of the biggest BTC heist in history. Grin
The Avenger (OP)
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September 01, 2013, 07:54:49 PM
 #20

Or we could have just found the transaction of the biggest BTC heist in history. Grin
Not by a long shot!  Grin This post
https://bitcointalk.org/index.php?topic=83794.0
estimates the biggest theft at 263024 BTC  Shocked

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