multi#lord (OP)
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Activity: 66
Merit: 10
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June 24, 2012, 02:33:08 AM |
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ErebusBat
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June 24, 2012, 03:09:52 AM |
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Wonder if they got the SR wallet on there  |
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Bitcoin Oz
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June 24, 2012, 05:23:37 AM |
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Wonder if Warren Buffett has got involved yet? He would keep it quiet anyway I'd guess.
Warren Buffett would buy bfl. |
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multi#lord (OP)
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Activity: 66
Merit: 10
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June 25, 2012, 01:15:45 AM |
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Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time. http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYMAlthough, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way? |
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 25, 2012, 03:01:23 AM |
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Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time. http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYMAlthough, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way? It would drive down supply, but it would not be considered dead. As long as funds are flowing into it you know the person controlling it may very well spend some. |
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johnyj
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Activity: 1988
Merit: 1012
Beyond Imagination
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June 25, 2012, 10:01:49 AM |
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A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise  |
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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June 25, 2012, 10:09:00 AM |
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A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise It's worth considering. A few ambitious finance guys could take a relatively small amount of money and buy up a whole lot of BTC and sit on it or pump and dump. All the reason to mine the rest of the BTC. :-) |
more or less retired.
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Raize
Donator
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Activity: 1419
Merit: 1015
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June 25, 2012, 10:47:46 PM |
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Every time the 400k address is brought up someone always points out that it is MtGox's and I always point out that it isn't, because if it was, it would be in their best interest to say it was to put minds at ease.
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stevebc
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June 26, 2012, 08:08:54 PM |
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Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums. Keeping your wallet 100% safe is not a trivial task for most.
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notme
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Activity: 1904
Merit: 1002
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June 26, 2012, 08:16:22 PM |
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Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums. Keeping your wallet 100% safe is not a trivial task for most.
Maybe it's an offline, paper wallet. |
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Roger_Murdock
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June 27, 2012, 11:49:30 PM |
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440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
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R-
Full Member
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Activity: 238
Merit: 100
Pasta
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June 29, 2012, 05:45:05 PM |
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440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened. |
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CecilNiosaki
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June 29, 2012, 11:50:48 PM |
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440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened.Ouch |
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