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Author Topic: Very Rich Address?  (Read 12996 times)
Monetizer
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May 23, 2012, 06:39:40 AM
 #21

That is either a hacker or a bitcoin trader/service like mt gox
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bitlane
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May 23, 2012, 06:52:54 AM
 #22

The address didn't start accumulating coins until February of this year:

http://blockchain.info/charts/balance?address=1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM

That's my Pirate Savings Account address.

I don't appreciate this being posted in public.

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May 23, 2012, 08:12:22 AM
 #23

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~
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May 23, 2012, 08:30:00 AM
 #24

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~


then could it be a way to launder coins?

Laundering them, then storing them all in one wallet? There's several other large accounts that siphon coins to this larger account. Like I've suggested, take any address and follow it. You'll be amazed.
Raoul Duke
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May 23, 2012, 10:02:30 AM
 #25

MtGox profits wallet lol
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May 23, 2012, 03:33:14 PM
 #26

it's pirates! 



(yes this is 100% BS FUD)

It's one of the most annoying things about this "community".  I'm not sure why people seek to undermine trust by decloaking addresses/people with large balances.  It actually makes it worse than fiat, as you can't easily look up someone's bank balances.  It seems a perverse game among people with little respect for privacy in an open ledger system, which makes it necessary for people with "nothing to hide" to go to lengths to obfuscate their holdings.

Not everyone is "sophisticated" enough to split their holdings into multiple wallets/addresses.  This sort of activity creates a disincentive to invest heavily in BTC and to pull BTC out into cash more frequently.

+1

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May 23, 2012, 03:52:44 PM
 #27

Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.
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May 23, 2012, 04:34:36 PM
 #28

Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.

Nothing like putting all your eggs in one basket and hopin' to not forget where the key is to the coop.


Joey, tell Uncle Gavin that you can't find the key.
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May 23, 2012, 06:16:31 PM
 #29

Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.

Nothing like putting all your eggs in one basket and hopin' to not forget where the key is to the coop.


Joey, tell Uncle Gavin that you can't find the key.


The hacker stole the key and melted it. It wasn't lost.
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May 23, 2012, 06:25:31 PM
 #30

My head is spinning. (tired)


LOL your avatar indicates the same Wink
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May 23, 2012, 06:27:02 PM
 #31

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~


then could it be a way to launder coins?
The OP, Arkanos, claimed he watched his coins go from Silk Road to this wallet.

The process you are seeing must be Silk Road's coin tumbler.
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May 23, 2012, 06:42:21 PM
 #32

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~


then could it be a way to launder coins?
The OP, Arkanos, claimed he watched his coins go from Silk Road to this wallet.

The process you are seeing must be Silk Road's coin tumbler.

I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?

Plus, how does one set(s) of coins start at one end of the transaction and make its way back to the large wallet, thus increasing it? I can't take $10 out of my wallet containing $100 (leaving me now with only $90), pass it around several times, return it to my wallet and now have $110. That's what I'm seeing.
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May 23, 2012, 06:44:52 PM
 #33

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~


then could it be a way to launder coins?
The OP, Arkanos, claimed he watched his coins go from Silk Road to this wallet.

The process you are seeing must be Silk Road's coin tumbler.

I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?

They take a commission from each sale.

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May 23, 2012, 07:02:27 PM
 #34

i bet it is related to the stability...   this guy would not let it go under $5 or so... just absorbed everything, that's my guess.


$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.

Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)

~Bruno~


then could it be a way to launder coins?
The OP, Arkanos, claimed he watched his coins go from Silk Road to this wallet.

The process you are seeing must be Silk Road's coin tumbler.

I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?

They take a commission from each sale.


Not sure who they are, but that's one hell of a commission wallet taken from transactions that continue to take place seconds apart.
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May 23, 2012, 07:07:36 PM
 #35

I think Silk Road processes an awful lot of money.

Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.

Edit: https://bitcointalk.org/index.php?topic=78496.0
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May 24, 2012, 12:23:10 AM
 #36

I think Silk Road processes an awful lot of money.

Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.

Edit: https://bitcointalk.org/index.php?topic=78496.0

Nevermind! It all makes sense now. $20M USD in sales since February at a 10% cut equals $2M USD (400K+ BTC) kept all in one wallet sans 1K BTC.

Here's my favorite Silk Road song by Kitaro (really): http://www.youtube.com/watch?v=8gXZPaIl6us
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May 24, 2012, 12:48:24 AM
 #37

It is probably the SR escrow wallet?


Yeah Tony76 was the dude the fucked a bunch of people 4/20 sale weekend....


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Phinnaeus Gage
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May 24, 2012, 03:15:09 AM
 #38

Blockchain is down. Maybe it's trying to block my research.
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May 24, 2012, 03:37:51 AM
Merited by vapourminer (1)
 #39

That's almost certainly a coin tumbler escrow.  The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions.  The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work.  The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is.  That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"


"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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May 24, 2012, 03:47:30 AM
 #40

That's almost certainly a coin tumbler escrow.  The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions.  The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work.  The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is.  That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"


To be clear, the bitcoins residing in the wallet with the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM are commissions from sales on/at Silk Road. Correct?
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