TimS
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June 12, 2014, 08:18:38 PM |
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Or it could just be funds were moved to a different wallet...
Yeah, I think this is most likely all that happened. Some housekeeping to consolidate the coins.
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edd
Donator
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June 12, 2014, 08:22:40 PM |
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Would not surprise me if someone working for the FBI claims their silk road bitcoins got hacked, after sending it to themselves ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Reminds me of this: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Factivelydisengaged.com%2Fwp-content%2Fuploads%2F2013%2F09%2F2013-06-12-ad75.jpg&t=665&c=Zjp9NYabGqzreA)
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Still around.
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Gianluca95
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Reputation first.
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June 12, 2014, 08:31:29 PM |
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Why DPR has moved 144.000 BTC from an address to another address? No sense ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Is there the probability that DPR has sold his BTC to a private investor?
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Peter R
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June 12, 2014, 08:33:53 PM |
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The power of bitcoin never ceases to amaze my. Somewhere someone just signed that 100,000 BTC transaction and broadcast it to the network. The nodes did their jobs and relayed it, and a miner (Polmine) included it in Block #305,458. It's now a permanent part of history. No one could have blocked it and now no one can reverse it. $60 million moved just like that: https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH
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vabtc
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June 12, 2014, 08:36:05 PM |
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Maybe they are just moving them to a mutlisig/split key wallet to increase security of the coins.
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Peter R
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June 12, 2014, 08:41:01 PM |
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Maybe they are just moving them to a mutlisig/split key wallet to increase security of the coins.
Here's the output script for the 100,000 BTC transfer: OP_DUP OP_HASH160 07c69326e86c692486e43c95024d5f15b9c645b0 OP_EQUALVERIFY OP_CHECKSIG which means it's spendable with an ECDSA keypair that corresponds to bitcoin address 1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw (in base58check encoding). In other words, it's a standard Pay2PubKeyHash output (as opposed to multisig).
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johnyj
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Beyond Imagination
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June 12, 2014, 09:14:29 PM |
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It's a good practice to move the coins to a different adress once in a while to keep the security high
Some people lost there private key after their computer is compromised long ago, but it took hackers several months to break the encryption using a gpu farm, if they moved their coins during those months, they would have avoided the loss
Since the amount of those seized coins are so large, it is wise to split and move them around from time to time. For the first time in history, FBI got their own money: They don't need to rely on the government to borrow money from FED
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LouReed
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June 12, 2014, 09:15:35 PM |
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Why DPR has moved 144.000 BTC from an address to another address? No sense ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Is there the probability that DPR has sold his BTC to a private investor? LOL! Yeah, I'll bet he did sell them to a private investor! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BrewCrewFan
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June 12, 2014, 09:16:34 PM |
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It's a good practice to move the coins to a different adress once in a while to keep the security high
Some people lost there private key after their computer is compromised long ago, but it took hackers several months to break the encryption using a gpu farm, if they moved their coins during those months, they would have avoided the loss
Since the amount of those seized coins are so large, it is wise to split and move them around from time to time. For the first time in history, FBI got their own money: They don't need to rely on the government to borrow money from FED
I hate to point out its really not "their own money"... it was money that belonged to people, even if there was a more darker side for it. And no, they will still get more than their fair share of tax payer money.
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Gianluca95
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Reputation first.
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June 12, 2014, 09:22:26 PM |
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Why DPR has moved 144.000 BTC from an address to another address? No sense ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) Is there the probability that DPR has sold his BTC to a private investor? LOL! Yeah, I'll bet he did sell them to a private investor! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) DPR has moved 144.000 to keeping high the security of their wallet, not sell to anybody ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) However, much donator is sending BTC on the new address of DPR. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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solid12345
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June 12, 2014, 09:34:03 PM |
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Before everyone freaks out (because we know whales will use any news as an excuse to dump and accumulate) http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/It’s an E-bay style auction for digital coin, taking place over a 12-hour period in two weeks, on June 27 from 6 a.m. until 6 p.m. Eastern. “Bids will be accepted by email from registered bidders using a form available from the U.S. Marshals Web page,” says the release. “In order to make a bid in this auction, potential bidders must register between the period of June 16 at 9 a.m. through June 23 at noon EDT and make a refundable deposit of $200,000 via wire transfer from a bank account in the United States.”
The new addresses for the Bitcoin are here (29,658 Bitcoin from the Silk Road) and here (144,341 Bitcoin from Ross Ulbricht). Ulbricht, who has plead not guilty, claimed his Bitcoin aren’t subject to civil forfeiture rules.First of all, just to bid you need to put down a $200k deposit. So for anyone worried the FBI is going to dump cheap Bitcoins on us peasant masses and crash the price, keep dreaming. Second this article confirms they are being moved for consolidation as they will be sold off in blocks of 3,000 BTC at a time.
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beetcoin
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June 12, 2014, 09:42:03 PM |
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Before everyone freaks out (because we know whales will use any news as an excuse to dump and accumulate) http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/It’s an E-bay style auction for digital coin, taking place over a 12-hour period in two weeks, on June 27 from 6 a.m. until 6 p.m. Eastern. “Bids will be accepted by email from registered bidders using a form available from the U.S. Marshals Web page,” says the release. “In order to make a bid in this auction, potential bidders must register between the period of June 16 at 9 a.m. through June 23 at noon EDT and make a refundable deposit of $200,000 via wire transfer from a bank account in the United States.”
The new addresses for the Bitcoin are here (29,658 Bitcoin from the Silk Road) and here (144,341 Bitcoin from Ross Ulbricht). Ulbricht, who has plead not guilty, claimed his Bitcoin aren’t subject to civil forfeiture rules.First of all, just to bid you need to put down a $200k deposit. So for anyone worried the FBI is going to dump cheap Bitcoins on us peasant masses and crash the price, keep dreaming. Second this article confirms they are being moved for consolidation as they will be sold off in blocks of 3,000 BTC at a time. why would they even dump cheap coins anyways? the higher they sell, the more money they get for their operations. btw, they will be sold in 3,000 coin blocks.. 9ish total. who can really afford 3,000 coins? i'd guess wall street has that kind of capital. at $600/btc, that's 1.8 million per block.
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S4VV4S
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June 12, 2014, 09:43:29 PM |
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Stop freaking out and screaming like little girls.
The feds have no intention to crash BTC.
Satoshi did them a favor.
They now know how to track what they couldn't.
Anyone stupid enough not to recognize this is an idiot.
Moving coins around means jack shit.
If they wanted they could have damaged BTC by now.
But they didn't did they? .....
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newIndia
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June 12, 2014, 09:46:39 PM |
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Stop freaking out and screaming like little girls.
The feds have no intention to crash BTC.
Satoshi did them a favor.
They now know how to track what they couldn't.
Anyone stupid enough not to recognize this is an idiot.
Moving coins around means jack shit.
If they wanted they could have damaged BTC by now.
But they didn't did they? .....
BTC cant be damaged. Its not a physical coin ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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S4VV4S
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 12, 2014, 09:53:10 PM |
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Stop freaking out and screaming like little girls.
The feds have no intention to crash BTC.
Satoshi did them a favor.
They now know how to track what they couldn't.
Anyone stupid enough not to recognize this is an idiot.
Moving coins around means jack shit.
If they wanted they could have damaged BTC by now.
But they didn't did they? .....
BTC cant be damaged. Its not a physical coin ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Come out of wonderland and look at reality. BTC is already in the process of being completely centralized. You just haven't realized that yet.
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solid12345
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June 12, 2014, 09:58:15 PM |
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why would they even dump cheap coins anyways? the higher they sell, the more money they get for their operations.
btw, they will be sold in 3,000 coin blocks.. 9ish total. who can really afford 3,000 coins? i'd guess wall street has that kind of capital. at $600/btc, that's 1.8 million per block.
I'm sure it's a healthy mix of people who are uneducated thinking this is a bad thing dropping the price and the baby whales using the FUD as an excuse to snap them up cheap now. But I promise once they hit the auction block, they will probably be sold for as much as 2x, maybe even 3x or more market price, auctions usually always involve people overpaying because bidders get into a frenzy and don't want to lose out, also it's not often someone gets an opportunity to buy thousands of coins at once so you will see some major venture capitalists or wallstreet types jumping in. This will also give Bitcoin legitimacy when you see some very important people bidding on these coins for the media to see. I think this will be the beginning of the 2nd great Bitcoin rally we've all been waiting for.
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freedomno1
Legendary
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Learning the troll avoidance button :)
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June 12, 2014, 09:59:15 PM |
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Well I'm glad someone was keeping tabs on the FBI coins If they sent them to an exchange that would explain why the price was dropping ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) The FBI coins are to blame lol. And the beggar threads begin https://blockchain.info/address/1i7cZdoE9NcHSdAL5eGjmTJbBVqeQDwgw
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Believing in Bitcoins and it's ability to change the world
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Beliathon
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June 12, 2014, 10:10:13 PM |
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It's going to be amusing, seeing these 3,000 BTC blocks sold for 1.8mil a piece, when they'll be worth 3mil + inside of 18 months.
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DannyHamilton
Legendary
Online
Activity: 3472
Merit: 4790
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June 12, 2014, 10:12:52 PM |
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Before everyone freaks out (because we know whales will use any news as an excuse to dump and accumulate) http://www.forbes.com/sites/kashmirhill/2014/06/12/silk-road-bitcoin-on-the-move-as-government-prepares-to-auction-off-18-million-worth/It’s an E-bay style auction for digital coin, taking place over a 12-hour period in two weeks, on June 27 from 6 a.m. until 6 p.m. Eastern. “Bids will be accepted by email from registered bidders using a form available from the U.S. Marshals Web page,” says the release. “In order to make a bid in this auction, potential bidders must register between the period of June 16 at 9 a.m. through June 23 at noon EDT and make a refundable deposit of $200,000 via wire transfer from a bank account in the United States.”
The new addresses for the Bitcoin are here (29,658 Bitcoin from the Silk Road) and here (144,341 Bitcoin from Ross Ulbricht). Ulbricht, who has plead not guilty, claimed his Bitcoin aren’t subject to civil forfeiture rules.First of all, just to bid you need to put down a $200k deposit. So for anyone worried the FBI is going to dump cheap Bitcoins on us peasant masses and crash the price, keep dreaming. Second this article confirms they are being moved for consolidation as they will be sold off in blocks of 3,000 BTC at a time. why would they even dump cheap coins anyways? the higher they sell, the more money they get for their operations. btw, they will be sold in 3,000 coin blocks.. 9ish total. who can really afford 3,000 coins? i'd guess wall street has that kind of capital. at $600/btc, that's 1.8 million per block. I wonder if I could get a group buy together for this. I guess it would have to work something like this: 3,000 people all contribute 1 BTC to the group buy. The bitcoins from the group buy are used as collateral for a loan (from someone here with a lot of capital?). The loan is used to bid on a 3,000 BTC block of coins from the government at significantly below market value at the time of the bidding. If we are out-bid on all attempts, then the loan is paid back (with some bitcoins as interest) and everyone gets most of their bitcoins back (minus their share of the loan interest). If we win a bid, the bitcoins are sold over time (at bitstamp?) until enough cash is raised to pay off the loan and interest. Everyone gets their bitcoin contribution back along with a matching share of the leftover bitcoin profits. The most difficult part will be finding someone with enough capital to make the loan.
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