304517 -- A BIG Block! | Bitcointalksearch.org

MICRO

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Quote from: bitshul on June 10, 2014, 06:05:10 AM

http://www.frbservices.org/operations/fedwire/fedwire_funds_services_statistics.html

There you go - 11 million transactions a month, or about 5 per second, where the average transaction amount is almost exactly BTC 10,000 at current exchange rates.

Note that Fedwire is only one of several payment services used by large banks, there are also Target2 and CHIPS for example.

Still they are transferring illusions not theirs own money they don't have that money its all fake.
In bitcoin that is different . And transactions will get bigger overtime. Bitcoin is only 5 years old how old are banks ? We are getting there ...

bitshul

newbie

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http://www.frbservices.org/operations/fedwire/fedwire_funds_services_statistics.html

There you go - 11 million transactions a month, or about 5 per second, where the average transaction amount is almost exactly BTC 10,000 at current exchange rates.

Note that Fedwire is only one of several payment services used by large banks, there are also Target2 and CHIPS for example.

MICRO

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CEO @ Stake.com and Primedice.com

Quote from: bitshul on June 10, 2014, 05:28:33 AM

If you have any experience of looking at the blockchain, you will see that this is almost certainly a single payment of BTC 10,000, with the balance in the sender's wallet being transferred to a new key (done for security reasons).

So a single payment of less than USD 10,000,000, of the sort that large banks do many times a second all day long, for free or so close to free that the cost can't be measured.

Nothing to see here, move along.

Actually there is everything to see here. Where did u saw that bank transactions ? And that bank transactions are fake money transactions, they dont have it. In btc its bit different.

bitshul

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If you have any experience of looking at the blockchain, you will see that this is almost certainly a single payment of BTC 10,000, with the balance in the sender's wallet being transferred to a new key (done for security reasons).

So a single payment of less than USD 10,000,000, of the sort that large banks do many times a second all day long, for free or so close to free that the cost can't be measured.

Nothing to see here, move along.

Nawaytes

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I've seen manytimes Big block from Ghash.io, Shocked

Phinnaeus Gage

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Bitcoin: An Idea Worth Spending

Quote from: Phinnaeus Gage on June 07, 2014, 01:47:10 AM

Quote from: qwk on June 06, 2014, 11:01:39 AM

Well, someone moved a couple (175,497) BTC around. It happens. Wink

https://blockchain.info/tx/5c1c0b73ce58662382b9b99316a8423063541b480f135a202059d633f5586e3b

Stems from here: https://blockchain.info/tx/057089cdb9b61b51c3ded3662c3a0665641c1e72ef219fe59b3f4010c450e779

Moving forward a tad, we arrive at https://blockchain.info/tx/843b37819dffb1b2cb3b4af120ebb22a3ff5a0e76029b70c4dddf92d6bb729ae

Looks like 5 guys (possibly) got some sort of percentage payout.

shenguajrgpv745

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The blocks are the same reward amount (except due to a halving).

zhaidixjymj8825

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Quote from: OROBTC on June 06, 2014, 10:36:17 AM

...

Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!

I have not seen one that big before.

I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.

It seems arbitrary to me to point to the block

jbreher

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lose: unfind ... loose: untight

Quote from: Swordsoffreedom on June 09, 2014, 04:51:11 PM

Now only the people who get who Trendon Shavers was will snicker at that one
Still in jail Tongue

I don't think Shavers' ponzi has ever caused him a trip to jail. Isn't he free at the moment?

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Justin00 on June 09, 2014, 07:32:14 AM

probably trendon moving his earnings around :p
i joke i joke... we all know its goat just cleaning his wallets heh

Now only the people who get who Trendon Shavers was will snicker at that one
Still in jail Tongue

As for the Goat not sure if he ever revealed his Bitcoin addresses but he did make a good lie to reveal KNC never paid for its platinum seat

ajareselde

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Satoshi is rolling in his grave. #bitcoin

why are you so amazed , i just moved it to take a dump
save your wifes, save your children

))

Justin00

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★YoBit.Net★ 350+ Coins Exchange & Dice

probably trendon moving his earnings around :p
i joke i joke... we all know its goat just cleaning his wallets heh

Bitcoin Magazine

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Quote from: OROBTC on June 06, 2014, 10:36:17 AM

...

Block 304517 (won by BTC Guild) came in at a (gross) amount of $126,442,364.66 !!

I have not seen one that big before.

I do know that BTC Guild itself saw nowhere near that amount, but someone made/transferred a lot of money today. I hope they don´t spend it all in one place.

that amount of money makes me vomit. not cause i want it, but cause it's not enough.. (seriously, what is this fucked up thing going on in my brain).

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: sgbett on June 06, 2014, 02:45:18 PM

Quote from: icey on June 06, 2014, 02:17:45 PM

Surely a bank wouldn't move that amount of money with any costs being incurred?

I'm just pointing out its amazing that we can move vasts amounts of money without any paperwork, to anybody in the world for no costs. If that doesn't convince skeptics then nothing will.

Bank to bank I'm sure they don't charge each other.

You and I aren't in the club though, thats why we pay Wink

Bingo.

hodlmybtc

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Quote from: bryant.coleman on June 07, 2014, 02:01:06 AM

Quote from: hodlmybtc on June 06, 2014, 11:41:44 AM

Funds are Bitstamp's cold wallet

Do you have any proof for this? It is very difficult to confirm, as the wallet is not tagged as such in Blockchain.info. But looking at the wallet balance, it definitely belongs to one of the major exchanges.

Quote from: Mikez on June 07, 2014, 04:20:58 AM

Quote from: hodlmybtc on June 06, 2014, 11:41:44 AM

Funds are Bitstamp's cold wallet

Any source that can back up this affirmation?

Check out: https://www.bitstamp.net/s/documents/Bitstamp_proof_of_reserves_statement.pdf

https://blockchain.info/nl/address/1EFJUipfCHFmmTFkF9vvjFKdBf3VbfvarM is the cold wallet address according to the pdf.

Then follow the BTC a couple transactions further and you will end up at https://blockchain.info/nl/address/1AZVcgGjb64XYzmAXwQyWCmvsZriQoiJw which made the 175k+ BTC transaction.

Ron~Popeil

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Quote from: Cryptopher on June 07, 2014, 12:38:43 PM

I've seen bigger blocks, but only in terms of fiat value, not in number of coins. It's great how you can openly see all of this in the blockchain, leading to topics and discussions like this.

If things go the way we hope we might be able to watch governments move money like this. That kind of transparency provides a lot of protection from corruption.

OROBTC

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...

OROBTC would like to thank all of you VERY MUCH for comments on this Block 304517! Especially "Phinnaeus Gage" and "bryant.coleman", who (by chance I'm sure) were mentioned at the below blog article:

http://goo.gl/UCS7nS

I am sure that the blog author thanks you too, DolanDuck!

***

Any errors or clarifications? Post them here!

Cryptopher

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Keep it dense, yeah?

I've seen bigger blocks, but only in terms of fiat value, not in number of coins. It's great how you can openly see all of this in the blockchain, leading to topics and discussions like this.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: e4xit on June 07, 2014, 04:05:13 AM

Quote from: QuestionAuthority on June 06, 2014, 02:46:29 PM

Quote from: icey on June 06, 2014, 02:17:45 PM

Surely a bank wouldn't move that amount of money with any costs being incurred?

I'm just pointing out its amazing that we can move vasts amounts of money without any paperwork, to anybody in the world for no costs. If that doesn't convince skeptics then nothing will.

You're right, Bitcoin is great for the little guy to move money for ~~free~~ low cost. Large amounts are moved between branches and banks for free all the time. Think about it a minute, are they going to charge themselves for the move? Undecided

My bank even lets me transfer between different accounts at different banks without a fee. My bank may charge a fee for faster service but my credit union offers 3-business-day transfers for free. One day costs $2. So, in theory, I could transfer $126,000,000 for $2 and get it in one day.

Ha ok, so you don't think that banks charge each other for moving money? Lol

You might be able to move $50 between banks for free, but I guarantee that if you ever had 126,000,000 that it would not cost you $2 to transfer. You mad if you think that $2 is a flat fee for any amount.

You're completely wrong. I provided a link showing I can do it easily from my credit union. I transferred $350,000 from my credit union to a different bank when I bought my last house and it cost me nothing. There are plenty of ways to send money for free. Here's one: https://payments.amazon.com/personal/money?tag=gmgamzn-20

Almost no one on earth has $126 million to transfer other than a bank. The bank would only transfer between partner banks and they would not have to pay for the transfer. That was my original point. This large move of btc is nothing more than a large bank internally consolidating funds. That's always free for the bank.

dabura667

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Quote from: Peter882 on June 06, 2014, 10:59:22 AM

The huge tx in the block: https://blockchain.info/tx/c88a51461a0ef59c3e92759b920d5ed57527d9ac23c0b741436d248971c0f6d4?show_adv=true

hahaha he got a begging tx and just left it in that address. To the beggar: HA!

Topic: 304517 -- A BIG Block! (Read 3971 times)