Massive 41,700 BTC transaction just happened

[Lauda]

"Shit load of money!"  

Activity: 663
Posts: 664

You ruined perfect stats for this post. 

[1715550591]

1715550591

[solex]

Traced the coins back a few steps --- they come back to this address which has seen a lot of action. Does anyone recognize this address?

https://blockchain.info/address/1HBa5ABXb5Yx1YcQsppqwKtaAGFPYe5xzY

Most likely an exchange.

That 194k BTC transaction was thought to be by Bitstamp.

[server]

"Shit load of money!"  

Activity: 663
Posts: 664

You ruined perfect stats for this post.  

Soon my day will come *666*

But I was referring to this, looks like it's related.

[Meuh6879]

not even a fee for the network

  it's a pool.

[misternanyte]

I love bitcoin so far, but i hate how you idiots are allowed to view everyone of my fucking transactions. You piss me the fuck off.

I like bitcoin, but it's imperfect. In order to be a perfect crypto-currency, we need to have a program that does TRUE anonymity, with no chance of anyone seeing your transactions. I mean how is it any better that you can look at Max Keiser's address and figure out what he's buying? THat's world wide though. Not just a select few people. EVERYONE can see what you're paying, even if they can't figure out what you bought. Why would that matter? The government can now link you to your address and harass you with questions of what you bought. I think i will have a look at bitcoin's source, but i'm thinking of eventually modifying the source code to SAFELY allow TRUE anonymous transactions.

[chipbike]

I love bitcoin so far, but i hate how you idiots are allowed to view everyone of my fucking transactions. You piss me the fuck off.

I like bitcoin, but it's imperfect. In order to be a perfect crypto-currency, we need to have a program that does TRUE anonymity, with no chance of anyone seeing your transactions. I mean how is it any better that you can look at Max Keiser's address and figure out what he's buying? THat's world wide though. Not just a select few people. EVERYONE can see what you're paying, even if they can't figure out what you bought. Why would that matter? The government can now link you to your address and harass you with questions of what you bought. I think i will have a look at bitcoin's source, but i'm thinking of eventually modifying the source code to SAFELY allow TRUE anonymous transactions.

Welcome to the new central controlled economy where all you do is watched by everyone else.

But yes, many of the bitcoin premisses are just crap. The job of the bitcoin and all other cryptocurrencies will be to open a new paradigm to the banking system... I think we all understand that at this point.

[Lauda]

Soon my day will come *666*

But I was referring to this, looks like it's related.

You are evil!
That's quite a sum.

[Cryptopher]

Holy smokes! No fee? Poor show! I bet the miners have been busy today given all the movement that's been happening outside of exchanges, then again no outgoing Gox transactions to worry about...

[dbell]

If one of the 3 or 4 big pools was bringing some BTC out of cold storage they would not need to have a fee to get it to complete in a reasonable time.  They just need to keep putting the transaction in the next block they were solving until they solve a block.  If you are one of the big 4 pools, that is going to happen pretty soon.

[Automatic]

If one of the 3 or 4 big pools was bringing some BTC out of cold storage they would not need to have a fee to get it to complete in a reasonable time.  They just need to keep putting the transaction in the next block they were solving until they solve a block.  If you are one of the big 4 pools, that is going to happen pretty soon.

Or, you know, 41,700 BTC would mature like, instantly, and, you wouldn't have to have a fee anyway?

[MikeyVeez]

Why don't news outlets write about things like this?
Would be much more interesting, inspiring, and promotional for Bitcoin than the nonsense they love to focus on.
Imagine an article discussing a 26 million dollar transaction with no fees.
Thats interesting.  
Someone link Business Insider, the Verge, and Forbes Online to this thread.

-B-

Yes def. much more interesting, a $26,000,000 money laundering with 0 fees, where do the criminals sign up! Fuck you HSBC and your 10% cut!

[h3rlihy]

Probably put the 41,700 into a ponzi.

[bryant.coleman]

Someone probably moved his coins to a safer wallet.

[gollum]

tx: 369e26689af06471241a827a8a46332a1191f2c25ad8fbf3b643b2d8c9b07c4c
amount: 41,700 BTC
fees: 0 BTC

https://blockchain.info/tx/369e26689af06471241a827a8a46332a1191f2c25ad8fbf3b643b2d8c9b07c4c

Ah the beauty of having a public ledger!

Maybe The Wolf of Bitcoin Street took all his cash to some Swiss cold storage bank vault



Thanks to bitcoin they don't need to move that kind of money physically (41,700 BTC = 27 million dollars)

[pungopete468]

Maybe CoinBase?

They spent all of the USD they had stored across the exchanges just buying coins to fill the orders that were placed in the US...

They have also been experiencing slightly longer than average withdrawal times because no doubt they sold all the coins they had available on hand. It took about an hour for them to signal the transfer of the coins I purchased to my personal wallet today...

[TERA]

It's getting dumped at market on Bitstamp. Get ready.

[pungopete468]

It's getting dumped at market on Bitstamp. Get ready.

I was waiting for that suggestion.

Also a possibility. Wouldn't be a bad idea to set some bids just in case...

I think CoinBase is most likely. The volume in that account is massive and it seems to be used pretty often. I don't think it's going to dump coins. That account has too much historical volume and it looks like they are selling coins elsewhere. We would've seen some major volume movements in the past if that account were for dumping coins; much more than we've experienced so far...

Edit:

Look at the transactions in November. At the peak in November when interest was skyrocketing they were sending coins out in huge numbers...

116,000 BTC sent out on 2013-11-22 17:38:09

Coins are deposited into this address from several different addresses but then get distributed into the same group of 3 or 4 addresses consistently.

[OliverEngland]

Anyone know if someone is buying/selling? Or is someone just moving it?

[pungopete468]

Anyone know if someone is buying/selling? Or is someone just moving it?

That was just a movement. No telling what the accounts are used for...

[dharmapuriharithaa]

wow 41,700*600=25020000
that is huge