Topic: >432109 BTC sent to 1 address, block 130281 (Read 12060 times)
mt gox is moving my btc around.. i endorse this product and/or event
looks like this BTC is almost all back here
http://blockexplorer.com/a/GW1A8ReP5
424 242.42424242 BTC at that address
(Is that the answer to everything?)
Is this MtGox's BTC as has previously been claimed? It's been moving around a lot since Gox has been down.
This amount is very similar to the reported ~500000 that crashed the market.
http://blockexplorer.com/a/GW1A8ReP5
424 242.42424242 BTC at that address
(Is that the answer to everything?)
Is this MtGox's BTC as has previously been claimed? It's been moving around a lot since Gox has been down.
This amount is very similar to the reported ~500000 that crashed the market.
Could it be that this is just MtGox profit from the 0.65% fee he charges? And decided to sell it all?
no, all time volume on MtGox is not enough to add up to this.
Could it be that this is just MtGox profit from the 0.65% fee he charges? And decided to sell it all?
The 432109 BTC that was at http://blockexplorer.com/a/8d7f1vDvvw has mostly (~432078 of it) been moved to here http://blockexplorer.com/a/46bJajK7qK at 2011-06-19 18:17:28 (UTC) (so post the massive sell off on MtGox)
Hard to imagine there is no connection with today's selloff.
block 130281 was last Sunday (2011-06-12 12:57:20) - Japan is +9 hours from UTC, so @21:57 Sunday night in Japan.
Today's movement was at 03:17 Monday morning in Japan.
Is MtGox being targeted when it's likely there is no one there?
Hard to imagine there is no connection with today's selloff.
block 130281 was last Sunday (2011-06-12 12:57:20) - Japan is +9 hours from UTC, so @21:57 Sunday night in Japan.
Today's movement was at 03:17 Monday morning in Japan.
Is MtGox being targeted when it's likely there is no one there?
Have you ever actually typed out a bitcoin address? I'm just curious, I never have. I always just copy and paste.
I prefer to go by memory.
Me too! Huked on Mnemonics workt for me!
Have you ever actually typed out a bitcoin address? I'm just curious, I never have. I always just copy and paste.
I prefer to go by memory.
Imagine if they made a typo in the address and everything got lost. It would be very disruptive.
Almost any ordinary typo will be caught by the checksum in the address. The biggest danger in that vain would be copy and paste copying the wrong address from a list.
For a privacy oriented crytocurrency it sure is really fucking easy to riffle through other peoples bank records. This needs something done about it, I don't leave my bank statements lying around on the sidewalk for any degenerate gutter trash to read, so why should it be the same for bitcoin?
dude, you were one of the doom and gloomers 2 days ago helping to precipitate a crash and now u complain?
For a privacy oriented crytocurrency it sure is really fucking easy to riffle through other peoples bank records. This needs something done about it, I don't leave my bank statements lying around on the sidewalk for any degenerate gutter trash to read, so why should it be the same for bitcoin?
Go ahead, rifle through the transactions of my known bitcoin addresses and tell me what I bought and from whom I bought it.
For a privacy oriented crytocurrency it sure is really fucking easy to riffle through other peoples bank records. This needs something done about it, I don't leave my bank statements lying around on the sidewalk for any degenerate gutter trash to read, so why should it be the same for bitcoin?
what happened is MagTux moved this amt of BTC offline to a secure destination for safekeeping. he does this when too many coins accumulate onsite.
The question I was asking myself is then why in one big obvious transaction that leaks a fair bit of information ?he no longer keeps coins assigned to users accts. they all get mixed in a global balance. this is why ppl like u may see your address routing to this offline site.
I don't really know what you mean by "assigned to users accts." but I don't think it was ever the case, even the bitcoin client itself does not maintain links between addresses and accounts. look at this tx. all the inputs come from one owner which according to davout is mtgox. apparently one of the deposits davout made to mtgox is included in this list of tx's in the inputs. also included in this list is the 17000 BTC that were dumped by a miner yesterday at 12:57 pm. for this 17000 BTC to be included in this list they would have had to be bought by mtgox yesterday which makes no sense to me at all since they are just exchangers.
You make no sense. They just have been deposited at mtgox, not bought by it.you're right. i don't.
what happened is MagTux moved this amt of BTC offline to a secure destination for safekeeping. he does this when too many coins accumulate onsite.
he no longer keeps coins assigned to users accts. they all get mixed in a global balance. this is why ppl like u may see your address routing to this offline site.
look at this tx. all the inputs come from one owner which according to davout is mtgox. apparently one of the deposits davout made to mtgox is included in this list of tx's in the inputs. also included in this list is the 17000 BTC that were dumped by a miner yesterday at 12:57 pm. for this 17000 BTC to be included in this list they would have had to be bought by mtgox yesterday which makes no sense to me at all since they are just exchangers.
You make no sense. They just have been deposited at mtgox, not bought by it. This is what I thought:
Do people leave that much BTC with MTGox?
Also consider the 1000USD equivalent per day withdrawal limit - anybody buying more than ~50 BTC and not having finished the identification process to raise the limit is forced to leave BTC at Mt Gox. Do people leave that much BTC with MTGox?
This is what I thought:
Do people leave that much BTC with MTGox?
Do people leave that much BTC with MTGox?
why wouldn't they? it's the biggest exchange - you can't play financier if Mtgox doesn't have your coin. do you think people decide to buy or sell, and then send Bitcoin? i don't think so: way too slow. they get their ducks in a row...
This is what I thought:
Do people leave that much BTC with MTGox?
Do people leave that much BTC with MTGox?
http://blockexplorer.com/tx/a09ac44c71a314316431f53dcf51d5c0ffdf85b738a6b07f622012ee41b38c16#o1
look at this tx. all the inputs come from one owner which according to davout is mtgox. apparently one of the deposits davout made to mtgox is included in this list of tx's in the inputs. also included in this list is the 17000 BTC that were dumped by a miner yesterday at 12:57 pm. for this 17000 BTC to be included in this list they would have had to be bought by mtgox yesterday which makes no sense to me at all since they are just exchangers.
I get what you're saying now. I can't speak for davout but I don't think he is suggesting that this is MtGox's personal money but money in MtGox's wallet belonging to other people and that's just being consolidated into one address. But I'm thinking the same as you about how this much BTC could be moved to one address and not used to fulfil the orders of people buying BTC on MtGox. (I mentioned this on the other thread with the similar topic) It would mean there must be a huge surplus of BTC on MTGox to be able meet the orders of BTC buyers. Do people leave that much BTC with MTGox?
Holy sh--
I really wonder why Mt.Gox is the only major exchange with returns like this ... if they decide to sell that off we better brace ourselves for an impact, insider info folks will have serious advantage there if they tell anyone
That's some serious Bitcoin stash.
Ugh. for the n-th time, this is mtgox's users money, not its ownI really wonder why Mt.Gox is the only major exchange with returns like this ... if they decide to sell that off we better brace ourselves for an impact, insider info folks will have serious advantage there if they tell anyone
That's some serious Bitcoin stash.what doesn't make sense to me is that your deposit to mtgox is mixed with that 17000 BTC dump by a miner yesterday. according to you, those 17000 BTC would have had to be scooped up by mtgox in that selloff and then transferred to the single address of 432K BTC's. that doesn't make sense at all.
hi cypherdoc I don't think davout's transfer was mixed in with the 17000 BTC dump yesterday (or at least he is not claiming that), but his transfer is included with in the transfer to http://blockexplorer.com/a/8d7f1vDvvw (block 130281).
you maybe getting mixed up from another link I posted above with a link to the 17000 BTC transfer
http://blockexplorer.com/tx/a09ac44c71a314316431f53dcf51d5c0ffdf85b738a6b07f622012ee41b38c16#o1
look at this tx. all the inputs come from one owner which according to davout is mtgox. apparently one of the deposits davout made to mtgox is included in this list of tx's in the inputs. also included in this list is the 17000 BTC that were dumped by a miner yesterday at 12:57 pm. for this 17000 BTC to be included in this list they would have had to be bought by mtgox yesterday which makes no sense to me at all since they are just exchangers.
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