How long does it take to make it into the Bitcoin Days Destroyed charts?
Here is the 30 day chart and there is no rise from this transfer:
https://blockchain.info/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=30&show_header=true&scale=0&address=
I have solace knowing that this is not going to be a dump as it is an old school long time holder. But might start selling some, taper the fast rise some.
Topic: 194,993 BTC transaction - page 3. (Read 14986 times)
so Amazing! What an incredible amount of money today in bitcoin.
"Shit load of money" but he doesn't pay transaction fee... LOL
What a legend
What a legend
You don't get shitloads of money by paying transaction fees!
not anymore. :/
No he sold it to turnkey linux. I forgot the guys name, but I am trying to buy it as soon as it is released. I have contacted namecheap in hopes of bring it back to a block explorer.
I demand someone tracks this immediately - I want the where, when, why, who on my desk by 10am GMT .... Anonymous my too-too.
lol very funny. a lot of apps demand the realtime stats of blockexplorer.com
"Shit load of money" but he doesn't pay transaction fee... LOL
What a legend
What a legend
I demand someone tracks this immediately - I want the where, when, why, who on my desk by 10am GMT .... Anonymous my too-too.
not anymore. :/
do theymos own blockexplorer.com?
No transaction fee lol.
Probably not on purpose.
BlockChain is doing that by default now.
and I really doubt anyone is holding $147M on blockchain.
True - didn't think of that.
I wonder where one stores $147M in BTC...
Mhmm... A vault? Lol.
I would use the Armory client and it's offline wallet feature.
You don't need a vault to protect a bitcoin wallet, that's the beauty of it.
People kill other people for thousands.
If someone knew it was on a computer I'm sure there are MANY people that would be willing to kill for $147M and steal the computer.
Offline clients are safer than online, but not safer than paper wallets.
I'd bury a paper wallet if it held that many BTC.
Paper wallets are Plain text Private keys, Offline wallets are usually encrypted wallets which only the owner has the passphrase to and at least one copy somewhere else...
Exactly. Encryption is a powerful tool and Bitcoin allows us to use that tool to protect our money.
I'd bury an encrypted paper wallet if it held that many BTC (sadly Armory does not allow for the printing of encrypted paper wallets, so you must find another way).
INB4 $5 wrench.
Actually etothepi is releasing a new version of Armory today which works with Ubuntu 10.04 that allows for printing encrypted paper wallets.
Will someone test what is the real market cap?
Satoshi? Is that you?
pirateat40?
who is it? come here and state so
who is it? come here and state so
It's probably gox moving coins around, or one of the really big investors changing their savings strategy.
I would assume that someone who wanted to sell this many coins wouldn't deposit at an exchange to trade them... unless of course they wanted to absolutely destroy the trade price of the asset they are trying to sell. Which doesn't seem very smart to me.
I would contend that "destroying the trade price" on exchanges would be a smart move at this stage for large coin holders, or at least not strictly dumb. It would dissuade some speculatory investment and get more coin in circulation for use as currency to buy goods and services. The coin concentration problem is a very real one.
Huge speculative buys on exchanges are great for short term gain, but not nearly as good for long term currency status. Large coin holders will want to sell as little of their coin as possible if they are looking to maximize pure profit; but if they want the idea of decentralized money to take off using Bitcoin, they need adoption rate for merchants and consumers to steadily increase as well. If they continue to hold tightly, we probably end up with Bitcoin as primarily a store of value, which negates or dulls many of its other useful features.
We will see how many of the early adopters/innovators believe in the idea of Bitcoin, and how many were simply driven by greed. So far, with the amount of old coins sitting idle, I'd say we can see where it's going unless something changes. That said, I am curious where these coins will go.
Wow. This means someone controls 16.66667% of all coins in circulation.
I think you mean 1.6%
I would assume that someone who wanted to sell this many coins wouldn't deposit at an exchange to trade them... unless of course they wanted to absolutely destroy the trade price of the asset they are trying to sell. Which doesn't seem very smart to me.
Sorry, this is what sleep deprivation does... Fixed
Wow. This means someone controls 16.66667% of all coins in circulation.
I think you mean 1.6%
I would assume that someone who wanted to sell this many coins wouldn't deposit at an exchange to trade them... unless of course they wanted to absolutely destroy the trade price of the asset they are trying to sell. Which doesn't seem very smart to me.
Wow. This means someone controls 1.6667% of all coins in circulation.
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