Cas Capitulation

[Bitcoinwaist]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

[1714914961]

1714914961

[1714914961]

1714914961

[1714914961]

1714914961

[1714914961]

1714914961

[krogothmanhattan]

What a shame.  They probably panicked!!

HODL HODL HODL!

DON'T PEEL!!!!

[bavicrypto]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

#conspiracy theory: WHAT IF cas coins are breached?  
#FUD  

[Kryptowerk]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

[yogg]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different





Crazy what panicking makes people do.

[TECSHARE]

If they manually added the keys to a wallet, they probably spent them to a new wallet, which would compile them all into a single transaction.

[dazedfool]

Junkies... Two of those were 10's

[A-10]

 I honestly wish I knew who these people were. #1. To convince them not to do it and sell them to me. And #2 to slap the shit out of them if they redeem them anyway.

Such a waste.

[OgNasty]

These panic peelers are determined to make my precious collection priceless. 

[Lesbian Cow]

Junkies... Two of those were 10's

That triggers me.  A 25 I understand but a 10 is foolish.

[FFrankie]

Junkies... Two of those were 10's

That triggers me.  A 25 I understand but a 10 is foolish.

Maybe they don't know the market

[jackg]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different





Crazy what panicking makes people do.

Who in bitcoin foes one input to one output transactions anymore?

If it’s all the same person then.... (my coins still loaded).

[rusbitcoinuser]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different





Crazy what panicking makes people do.

Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.

[nathansenn]

Someone just peeled a boatload of Casascius coins


https://casascius.ludvigart.com/?sort=10&desc=1

It's a bit strange it happend all at the same exact second.

I don't think this is what happened.
For devs, It's common practice to scan addresses every once in a while, so the redeem time is the time when the change in balance has been detected by the tracker.
If it was running every minute, you would certainly witness different redeem times on the tracker but this is difficult to achieve given the volume of addresses to check.

EDIT :

Transaction timestamps are different





Crazy what panicking makes people do.

Hmm it is strange that it was all in the same block.

[Lauda]

Hmm it is strange that it was all in the same block.

No. There's nothing strange here. If you use a tool which allows you to sweep private keys quickly, this is exactly what would happen.

[yogg]

Hmm it is strange that it was all in the same block.

No. There's nothing strange here. If you use a tool which allows you to sweep private keys quickly, this is exactly what would happen.

This is right. And probably what happened given the different timestamp on transactions.

Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.

The redeem time is the timestamp of the transaction. It's the time the tx was broadcasted to the network.
The block time is the "confirmation" time. It's something else.

[OgNasty]

Their similar fee amount per byte is another reason for their inclusion in the same block, as they were quite low and the mempool has been a bit backed up lately.

[rusbitcoinuser]

Yep. The tool runs daily (as it has to parse through ~21K addresses and check if the UTXOs are spent).

The redeem time is the block time.

The redeem time is the timestamp of the transaction. It's the time the tx was broadcasted to the network.
The block time is the "confirmation" time. It's something else.

Correct. I meant the 'redeem time' on the website is set to the 'block time' the tx was confirmed.

There would be no way for us to reference tx broadcast times for historical redeemed coins without trusting the records of a block explorer such as blockchain.info as transactions don't carry this info. Also, the tx time you see on block explorers is actually the time their respective nodes received the tx.

This is why I decided to go with block confirmed time as the redeemed time; it's completely fixed into the blockchain and immutable.

Technically speaking, the 'true' redeem time is when a coin is physically peeled :p