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Author Topic: Unusual activity on Bitcoin Monitor?  (Read 1291 times)
pist0la
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May 21, 2011, 07:37:32 PM
 #1

Never noticed this transaction pattern before. Anyone know what causes it?

The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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kiba
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May 21, 2011, 07:40:10 PM
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Nothing to see here. Move along.

Basiley
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May 21, 2011, 07:42:21 PM
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stock market speculation ? Smiley
flash-mob ?[making graph picture smile  ?:-]
but if you read this graphy [really-really-really]CAREFULLY you can read "BitCoin Rulez !!" there Tongue
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May 21, 2011, 07:42:37 PM
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automated mining pool payouts

eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.
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May 21, 2011, 07:45:42 PM
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automated mining pool payouts
or Santa refueling cash payout. or netflow/ppl dayly activity impact.
ANY stock market fluctuations can reflect virtually anything or nothing at all -)
its nature of such biz -)
try watching NYSE or Nikkei charts/graphs dancing  !! its attractive/psychoactive and and kill both dolphins and humans.
kiba
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May 21, 2011, 07:50:28 PM
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eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.

That why I said "nothing to see here, move along." Roll Eyes

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May 21, 2011, 07:51:03 PM
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eta: okay, probably too high a quantity for that.  Someone is chaining transfers, now that I look closer.  Could be all sorts of reasons.

That why I said "nothing to see here, move along." Roll Eyes

yes
error
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May 21, 2011, 08:34:36 PM
 #8

If you want something slightly more interactive, watch your disk defragment.

15UFyv6kfWgq83Pp3yhXPr8rknv9m6581W
Stephen Gornick
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May 22, 2011, 01:46:26 AM
 #9

This is an example of the type of noise that makes useless the metrics for the total number of transactions and the total BTCs transacted over a period of time.

Bitcoin Watch shows that there was about $4 million worth of BTC that traded in the past 24 hours:
 - http://bitcoinwatch.com
  These types of transactions cause that metric to mean relatively nothing.

The BitcoinDays Destroyed metric will provide a more useful metric:
  - http://forum.bitcoin.org/index.php?topic=9300.0

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