Bitcoin Forum
December 08, 2016, 02:28:54 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Block 142742 [MtGox]  (Read 1828 times)
Kermee
Full Member
***
Offline Offline

Activity: 140



View Profile
August 27, 2011, 03:23:50 AM
 #1

Block 142742

2.32m BTC's just moved... Nearly 1/3 of all available BTC's mined so far.

Any guesses who?

Cheers,
Kermee

1481207334
Hero Member
*
Offline Offline

Posts: 1481207334

View Profile Personal Message (Offline)

Ignore
1481207334
Reply with quote  #2

1481207334
Report to moderator
1481207334
Hero Member
*
Offline Offline

Posts: 1481207334

View Profile Personal Message (Offline)

Ignore
1481207334
Reply with quote  #2

1481207334
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481207334
Hero Member
*
Offline Offline

Posts: 1481207334

View Profile Personal Message (Offline)

Ignore
1481207334
Reply with quote  #2

1481207334
Report to moderator
1481207334
Hero Member
*
Offline Offline

Posts: 1481207334

View Profile Personal Message (Offline)

Ignore
1481207334
Reply with quote  #2

1481207334
Report to moderator
Garrett Burgwardt
Sr. Member
****
Offline Offline

Activity: 350



View Profile
August 27, 2011, 03:28:40 AM
 #2

Mt. Gox most likely.
Blitz­
Donator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
August 27, 2011, 03:29:17 AM
 #3

Wow, this is incredible. It’s only 4 blocks ago (MtGox takes 6 confirmations).

Can you say what the oldest block there was? This must be Satoshi?

Alright, looks like we can hold off panicking for now. Grin

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
seventoes
Jr. Member
*
Offline Offline

Activity: 34


View Profile
August 27, 2011, 03:30:41 AM
 #4

Here's one of the input blocks:

http://blockexplorer.com/address/1eHhgW6vquBYhwMPhQ668HPjxTtpvZGPC

Definitely MtGOX, they used those 424242 transactions in the past to prove that they had control of funds after the hack.

1JHYN5dcwUcphQW18BkKPa8RTJsRYsJ8am
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
August 27, 2011, 03:30:47 AM
 #5

Mt. Gox most likely.
Confirmed. The 424242.42424242 transfer is in the chain, and is noticeable here:
http://blockexplorer.com/tx/27bb969ff9dbfbc11c593316cfd30258dfe73a78a0f0d999939aa767ee0045d4

GoWest
Hero Member
*****
Offline Offline

Activity: 543


betwithbtc.com


View Profile WWW
August 27, 2011, 03:42:57 AM
 #6

1/3 of all Bitcoins are held in the MtGox coffers??  WOW.

Kermee
Full Member
***
Offline Offline

Activity: 140



View Profile
August 27, 2011, 03:50:05 AM
 #7

Ah. Make sense. I should of 'dug' deeper down the chain.

Cheers,
Kermee

MelMan2002
Sr. Member
****
Offline Offline

Activity: 434



View Profile
August 27, 2011, 04:33:40 AM
 #8

*whistles*
grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
August 27, 2011, 01:04:54 PM
 #9


It is certainly unwise for most people to hold that many bitcoins on MtGox, imho.
Steve
Hero Member
*****
Offline Offline

Activity: 868



View Profile WWW
August 27, 2011, 01:47:57 PM
 #10

Most impressive.  At $15 a coin market cap of $34.8 million.

You calculated that based on the entire amount that moved in that transaction, however I'm sure not all of the transactions in that block are mtgox.  The first one seems to be a confirmed mtgox transaction from and address that had ~384,000 bitcoins. 

(gasteve on IRC) Does your website accept cash? https://bitpay.com
Jack of Diamonds
Sr. Member
****
Offline Offline

Activity: 252



View Profile
August 27, 2011, 02:56:32 PM
 #11


It is certainly unwise for most people to hold that many bitcoins on MtGox, imho.

Mark has stated 98% of their funds are in offline wallets, in safe vaults etc.
Many of the transactions in this block could be going into those.

I don't think it's unwise, as the risk of total loss doesn't exist.
In fact their system is more theft proof than anything I've come across in terms of currencies and commodities.

1. There is a 100btc per day limit on every account
2. Even if you found a perfect way to rob them of their online wallets, you only get 2% of their funds

Unless you can get him to reveal the details of the encrypted memory sticks etc & their locations at gunpoint, they will be safe forever.

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
dancupid
Hero Member
*****
Offline Offline

Activity: 954



View Profile
August 27, 2011, 05:27:51 PM
 #12

0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?
DrKennethNoisewater
Full Member
***
Offline Offline

Activity: 125



View Profile
August 27, 2011, 05:42:45 PM
 #13

Nice Detective work gents....... Smiley
jackjack
Hero Member
*****
Offline Offline

Activity: 882


May Bitcoin be touched by his Noodly Appendage


View Profile
August 27, 2011, 05:46:21 PM
 #14

0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?
Because you don't use the last version of the client

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
Littleshop
Legendary
*
Offline Offline

Activity: 1316



View Profile WWW
August 27, 2011, 05:53:55 PM
 #15

0 fees paid - why am I paying 0.01 fees on a 0.1btc transaction?

The main reason for that is to prevent transaction spam of course they also go to help pay costs.  Before the fees people were sending thousands of tiny transactions back and forth to themselves for an unknown reason.  

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!