Largest ever bitcoin days destroyed- discuss

[michaelGedi]

I find this all incredibly exciting.  I just can't decide whether to panic sell or panic buy.  I am going to definitely do something in a panic.

panic sitting

[kalisto]

If these are recovered Gox coins, then Gox could well be coming back.  That's bad right, or is it good?  I don't understand why these coins weren't disclosed in the official bankruptcy protection docs if there was a good chance they could get to them.  

Gox is splitting their wallet with this function, https://gist.github.com/alainmeier/9319451#file-mtgox-php-L148

Looks to me they are preparing the withdrawal process which is a good thing and proofs these coins are still in control of mtgox.

[piramida]

Looks to me they are preparing the withdrawal process which is a good thing and proofs these coins are still in control of mtgox.

wanna buy my mtgoxBTC? cheap. even if by miracle they have a portion of their coins, the assclown Karpeles would figure out a way to fuck it up, for sure.

[TERA]

[Tzupy]

TERA, thank you for posting this image. Now, can someone trace those sums further, if they are being sent to known
exchange addresses, like Bitstamp, BTC-E, and in China? Just in case Karpeles decides to cash out his customers' coins?

[raid_n]

Don't be stupid
No one would ever cash out stolen coins like that directly.
You want them to go through a mixing process so it is almost impossible to tell where they came from. Else all you need to do is wait for the thieves to cash out their traded coins and get them through the traditional banking system.

Whatever this coin movement means at this stage you can't really tell what is happening. If those sums get thinned down enough to blend into a mixing service and that is being started then i'd start to get worried.

What's the saying here: Sell the rumor buy the news?

[porcupine87]

Why this odd numbers? Why did he not split up like -> 180  -> 85  + 95 -> (40 + 35)+(45 + 50) -> etc.


Ok, another thing:
Besides this 180 000btc which got to this german controlled IP there was another 19 999.99 from the same address which was relayed by the same address. This German IP relays a lot.
I would say every 5th transaction of the whole network.
https://blockchain.info/ip-address/5.9.24.81?offset=50

[Tzupy]

Don't be stupid
No one would ever cash out stolen coins like that directly.
You want them to go through a mixing process so it is almost impossible to tell where they came from. Else all you need to do is wait for the thieves to cash out their traded coins and get them through the traditional banking system.

Whatever this coin movement means at this stage you can't really tell what is happening. If those sums get thinned down enough to blend into a mixing service and that is being started then i'd start to get worried.

What's the saying here: Sell the rumor buy the news?

Allegedly stolen coins, stolen only for someone who believes Karpeles. Given his history of lying, I don't.
And yes, they could get tumbled before being sent to other exchanges, and will be almost impossible to track.

Usually I don't have bitcoin dreams, but I took a nap and dreamed of MtGox allowing withdrawals again, but strangely the price was close to 100$.
This could only happen several months from now, or soon if 180k Gox coins will be dumped on other exchanges.

[CryptoMinter]

Why this odd numbers? Why did he not split up like -> 180  -> 85  + 95 -> (40 + 35)+(45 + 50) -> etc.

Well the coins are behaving like they would had they just been loaded to the hot wallet of MtGox based on the leaked PHP code.

The logic there was to split large outputs (>500 coins) every 10 minutes, randomly between 40 and 60% of the input to each new output.

[raid_n]

Usually I don't have bitcoin dreams, but I took a nap and dreamed of MtGox allowing withdrawals again, but strangely the price was close to 100$.
This could only happen several months from now, or soon if 180k Gox coins will be dumped on other exchanges.

Gox dumps 180k coins all at once to minimize the amount of USD they get for them ...
Come on, at least try to make plausible FUD

[plan B]

Where did all those coins go now?

http://coinsight.org/mtgox.html

[Searing]

I find this all incredibly exciting.  I just can't decide whether to panic sell or panic buy.  I am going to definitely do something in a panic.

I myself am leaning toward 'panic'....(sigh) but I'm all in so let the ride begin

I'm soooooo confused

Searing

[zvs]

Why this odd numbers? Why did he not split up like -> 180  -> 85  + 95 -> (40 + 35)+(45 + 50) -> etc.


Ok, another thing:
Besides this 180 000btc which got to this german controlled IP there was another 19 999.99 from the same address which was relayed by the same address. This German IP relays a lot.
I would say every 5th transaction of the whole network.
https://blockchain.info/ip-address/5.9.24.81?offset=50

that's my dedicated server, and it has nothing to do with mtgox

i keep the blockchain in ramfs & disable all logging