440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened.Ouch
Topic: Forbes 400? BTC Top 10? (Read 2168 times)
Ouch
440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Yes, it really happened. 
440,000 BTC at a single address?! Damn. A guy could buy himself almost 90 large pizzas with that kind of scratch.
Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums. Keeping your wallet 100% safe is not a trivial task for most.
Maybe it's an offline, paper wallet.
Not that I have the cash to buy 50000BTC, but I'm wondering how many people there are who actually feel comfortable enough that it won't get stolen in some manner to invest those kinds of sums. Keeping your wallet 100% safe is not a trivial task for most.
Every time the 400k address is brought up someone always points out that it is MtGox's and I always point out that it isn't, because if it was, it would be in their best interest to say it was to put minds at ease.
A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise 
It's worth considering. A few ambitious finance guys could take a relatively small amount of money and buy up a whole lot of BTC and sit on it or pump and dump.
All the reason to mine the rest of the BTC. :-)
A typical hedge fund operation: First accumulate large amount of BTC and drain the supply, and drive up the price, dump the BTC on the rise
Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time.
http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?
http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?
It would drive down supply, but it would not be considered dead. As long as funds are flowing into it you know the person controlling it may very well spend some.
Hmm... all the transactions to that number 1 account has ever made can be found just using that 160hash address in block explorer. I don't want to seem as if I want to find out who it is - but its just interesting to see how it is a relatively new account, and how the flow of Bitcoins increased gradually over a short period of time.
http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?
http://blockexplorer.com/address/1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM
Although, if an account as such just keeps constantly accumulating a large amount of Bitcoins, and it just sits there not moving, wouldn't that have a negative impact in the economics? Wouldn't it technically be considered dead or lost money in a way?
Wonder if Warren Buffett has got involved yet? He would keep it quiet anyway I'd guess.
Warren Buffett would buy bfl.
Wonder if they got the SR wallet on there 
I am assuming most was purchased through currencies, don't think mining makes up most of these.
http://www.forbes.com/sites/jonmatonis/2012/06/22/the-bitcoin-richest-accumulating-large-balances/
http://www.forbes.com/sites/jonmatonis/2012/06/22/the-bitcoin-richest-accumulating-large-balances/
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