Imagine how many people are brute forcing that address now... Soon, it will be "hacked".
Converted to dollars , millions! 
and yes that's it, it is now the apple of the eye forhackers.
Topic: Address recieves 2800 BTC within 24 hours (and why we need CT and Coinjoin) - page 2. (Read 2419 times)
April 29, 2016, 07:20:57 PM
and yes that's it, it is now the apple of the eye forhackers.
April 29, 2016, 06:50:58 PM
https://blockchain.info/address/1FXqE2ixnnSB1kvwbMtWma5xQ2bVbkSq3f
Wow look at that shit! how much money is that? crazy. And the address doesn't stop receiving more and more coins! everyone is speculating already. Some people has been doing research and one theory is it may be a OKCOIN cold storage address, but why wouldn't they split accross other addresses to not create a millionaire address which always raises the eyebrows of curious people and in general? I mean it's pretty crazy.
The fact that there's a lot of people talking about this right now and investigating proves the quick need of Confidential Transactions and Coinjoin. Imagine if it was your business and everyone was speculating and researching on your money movements! Please Core devs give us more privacy soon!
Wow look at that shit! how much money is that? crazy. And the address doesn't stop receiving more and more coins! everyone is speculating already. Some people has been doing research and one theory is it may be a OKCOIN cold storage address, but why wouldn't they split accross other addresses to not create a millionaire address which always raises the eyebrows of curious people and in general? I mean it's pretty crazy.
The fact that there's a lot of people talking about this right now and investigating proves the quick need of Confidential Transactions and Coinjoin. Imagine if it was your business and everyone was speculating and researching on your money movements! Please Core devs give us more privacy soon!
18 months from now, some entity will come forward to declare that they've been hacked circa this timeframe.
Some may ask why we didn’t report this to the authorities when this occurred, and the answer is that we just didn’t know what happened, didn’t want to cause panic, and were unsure who exactly we should be contacting.
Oddly enough, its first transaction was performed ~48 after the infamous Cryptsy hack: https://blockchain.info/address/1FXqE2ixnnSB1kvwbMtWma5xQ2bVbkSq3f?offset=50050&filter=0
Most the coins look like they're coming from OKCoin.
April 29, 2016, 06:41:36 PM
Imagine how many people are brute forcing that address now... Soon, it will be "hacked".
Unless they are idiots, nobody is trying to "brute force" that address. It would take all the computers in the world hundreds of trillions of year to "brute force". The cost of that would be nearly infinite - far more than the sum value of all Bitcoins let alone the trivial amount associated with that address.
Even in the future.
April 29, 2016, 05:15:31 PM
Imagine how many people are brute forcing that address now... Soon, it will be "hacked".
Unless they are idiots, nobody is trying to "brute force" that address. It would take all the computers in the world hundreds of trillions of year to "brute force". The cost of that would be nearly infinite - far more than the sum value of all Bitcoins let alone the trivial amount associated with that address.
April 29, 2016, 04:41:51 PM
A Bitcoin address is a hash of the public key and cannot be easily associated with other addresses related to the same key ("account")
Hence, someone who wishes greater anonymity can simply generate a new address for each transaction and spread their send/receive transactions over N addresses effectively hiding the total account balance.
For larger companies, anonymity not really important. Everyone knows, for example, that Apple has billions in cash. They don't need to keep that a secret.
Hence, someone who wishes greater anonymity can simply generate a new address for each transaction and spread their send/receive transactions over N addresses effectively hiding the total account balance.
For larger companies, anonymity not really important. Everyone knows, for example, that Apple has billions in cash. They don't need to keep that a secret.
^^^...Yes....^^^
If these guys were worried about who could see how much BTC they were moving, there are plenty of measures they could take to disguise their movements. Further, this isn't even a great deal of money in the larger scheme of things....It's only gonna get bigger my friend!
April 29, 2016, 02:53:01 PM
Man, think about it. with amounts this big, you can almost feel the reward within your reach, it's human nature. it's like going into a jewellery store and thinking you could just walk out with the 200g chain around your neck inconspicuously.
Think about it, it's fascinating. try counting 10% of how much cash there's in that address.
That's the kind of BTC that could instantly drop the btc price if offered to be sold at a lower amount.
Who knows, maybe someone wants to destabilize the market and buy low right after.
Think about it, it's fascinating. try counting 10% of how much cash there's in that address.
That's the kind of BTC that could instantly drop the btc price if offered to be sold at a lower amount.
Who knows, maybe someone wants to destabilize the market and buy low right after.
April 29, 2016, 02:48:17 PM
Why are you people getting excited about some Bitcoin address containing millions of dollars? So what it's probably some company's hot wallet. What are you going to do by investigating these transactions? It's not like you are going to steal their coins or something. Should we go snooping around Cristiano Ronaldo's bank accounts because he drives a car for 1 million dollars as well? Oh yes he probably has half a billion in there already 
April 29, 2016, 02:36:39 PM
Its pretty bad that they where so easy to pick off for who they are. Obviously need a better way to mask their amounts, unless they want public speculation on how much they have.
April 29, 2016, 02:24:58 PM
Is that some kind of whale? no person can have that amount of BTC.
He must have been one of the whales.
He must have been one of the whales.
April 29, 2016, 02:20:35 PM
maybe its one of the FBI bitcoin seizes accounts. they seem to get plenty of bitcoins coming in and stored. im not sure if theyre auctioned off though.
April 29, 2016, 01:59:09 PM
Imagine how many people are brute forcing that address now... Soon, it will be "hacked".
April 29, 2016, 12:33:20 PM
Read some of the comments.
Sometimes Reddit can be so hilarious.
"Wow.. this guy is rich. Crime pays."
Sometimes Reddit can be so hilarious.
"Wow.. this guy is rich. Crime pays."
2800 BTC..wowww...this must be the richest person in bitcoins community
April 29, 2016, 12:18:17 PM
Read some of the comments.
Sometimes Reddit can be so hilarious.
"Wow.. this guy is rich. Crime pays."
Sometimes Reddit can be so hilarious.
"Wow.. this guy is rich. Crime pays."
April 29, 2016, 12:13:42 PM
It would be a very pleasant experience to hack this address..And probably many machines right now trying this..
No, there are not "many machines right now trying this" since all the compute power in the world could run for 100 trillion years and not find the private key associated with a public address. Would be a futile waste of time. That is why Bitcoin works; if the private keys could be found from a public one the whole protocol would be broken.
More generally, the compute cost to find that private key on average would far, hundreds of orders of magnitude, exceed the balance associated with that account.
April 29, 2016, 12:10:54 PM
A Bitcoin address is a hash of the public key and cannot be easily associated with other addresses related to the same key ("account")
Hence, someone who wishes greater anonymity can simply generate a new address for each transaction and spread their send/receive transactions over N addresses effectively hiding the total account balance.
For larger companies, anonymity not really important. Everyone knows, for example, that Apple has billions in cash. They don't need to keep that a secret.
Hence, someone who wishes greater anonymity can simply generate a new address for each transaction and spread their send/receive transactions over N addresses effectively hiding the total account balance.
For larger companies, anonymity not really important. Everyone knows, for example, that Apple has billions in cash. They don't need to keep that a secret.
April 29, 2016, 11:54:27 AM
final balace is what matter, there is even a single address with more than a million coins as a final balance and possibly not from exchage? i doubt
April 29, 2016, 11:21:41 AM
Yes it has. Did you go to the link?
No, it hasn't. Do you even know that website works? They just have a lot of transactions of lesser value that have totaled ~1.8 Million.My argument is that bitcoin does indeed have a big lack of privacy due the fungibility problem,
'Big lack'? No. Frangibility is indeed a problem, but not something that I'd call big/huge else that would be the main priority (which it isn't.the fact that smarter people than us that know the protocol better than us like Greg Maxwell agrees with this only further proves my point. But like I said before, they are working to improve it.
"Smarter people than us"? I'd rather that you not put me in the same bag as yourself or the other people that fall under your usage of "us".It would be a very pleasant experience to hack this address..And probably many machines right now trying this..
No. Read the previous posts. 
April 29, 2016, 11:15:02 AM
It would be a very pleasant experience to hack this address..And probably many machines right now trying this..
April 29, 2016, 11:12:59 AM
Nice bitcoin address. LOL.
April 29, 2016, 10:59:27 AM
what a money! that's too much money. if I were the guy has that address, I'd feel like I'm dreaming.
anyway, I'm curious how he does that. I mean, it's 24hours only. what kimd of business he runs?
anyway, I'm curious how he does that. I mean, it's 24hours only. what kimd of business he runs?
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