Author

Topic: HUGE BLOCKS (Read 1648 times)

legendary
Activity: 1218
Merit: 1000
January 18, 2016, 08:30:46 PM
#20
This sort of behavior is more usual on people that didn't get yet how bitcoin works and think that by moving the same coins from address to address "washes" them up..
legendary
Activity: 2590
Merit: 1073
January 18, 2016, 08:24:40 PM
#19
Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.

Just ignore

This is probably about as interesting as it is.

haha a rich troll. Interesting idea.

It is wierd though.

Maybe someone prooving to someone else they own those private keys ? Big deals being made out of the spotlight ?

Wouldn't be easier just sign a message, like everyone does?

Maybe someone is just changing their backup addresses because they think that the previous one might not be so safe
legendary
Activity: 1960
Merit: 1022
January 18, 2016, 08:20:19 PM
#18
Get ready for the dumps.


Stop talking bullshit. Always fudding, nobody listen to you.
hero member
Activity: 700
Merit: 501
January 18, 2016, 08:12:22 PM
#17
Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.

Just ignore

I can't wait for confidential transactions so we don't have to deal with this bullshit. I mean I wish I wasn't broke and people would comment on how im moving a ton of coins, but imagine you are the rich guy, i would be pretty pissed off that people speculate about my money movements. CT will make the amount of coins being moved invisible. God bless G maxwell.
legendary
Activity: 2101
Merit: 1061
January 18, 2016, 06:26:02 PM
#16
Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.

Just ignore

This is probably about as interesting as it is.

haha a rich troll. Interesting idea.

It is wierd though.

Maybe someone prooving to someone else they own those private keys ? Big deals being made out of the spotlight ?
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
January 17, 2016, 10:19:16 PM
#15
Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.

Just ignore

This is probably about as interesting as it is.
legendary
Activity: 1073
Merit: 1000
January 17, 2016, 10:11:21 PM
#14
Just a rich troll trying to make people waste time trying to figure out why so many coins are being moved.

Just ignore
legendary
Activity: 1218
Merit: 1000
January 17, 2016, 08:32:09 PM
#13
If you follow through the biggest tx there you'll notice the same coins are being moved over and over by addresses;

https://blockchain.info/address/1GeLrvRc32ZR5PBc8zEsah8BejdefthdV
(...)
https://blockchain.info/address/16cs4ugdrLQpqDdTzgfqaeLG7wWCcMLLsQ

looks like an idiot trying to "self-wash" his coins...
hero member
Activity: 840
Merit: 1000
January 17, 2016, 07:36:52 PM
#12
sr. member
Activity: 437
Merit: 255
January 17, 2016, 07:33:35 PM
#11
https://blockchain.info/block/00000000000000000336b036117c2213088cf742ec3503a3ee96cabb8337570b

What's the difference between Output Total (1,058,430.66780311 BTC) and Estimated Transaction Volume (13,939.65297106 BTC) ?

Output Total contains exchange and fees while Transaction Volume is the net sum
hero member
Activity: 784
Merit: 1001
January 17, 2016, 04:16:37 PM
#10
https://blockchain.info/block/00000000000000000336b036117c2213088cf742ec3503a3ee96cabb8337570b

What's the difference between Output Total (1,058,430.66780311 BTC) and Estimated Transaction Volume (13,939.65297106 BTC) ?
member
Activity: 77
Merit: 10
January 17, 2016, 04:08:31 PM
#9

There were over a million bitcoins moved in that block today.

Someone could be preparing for a giant dump. Since I saw those bitcoins move I'm not sure the price will hold. It could have been an exchange or mining pool moving its funds around, and its not guaranteed they will be dumped, but if they are the price will suffer.
legendary
Activity: 1946
Merit: 1007
January 17, 2016, 04:04:20 PM
#8
Maybe some exchanges got a bit spooked from the theft story by cryptsy and are taking improved security measures for their cold storage.

This may include a change of address, which explains the movement of these amounts of coins.
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
January 17, 2016, 02:55:32 PM
#7
Get ready for the dumps.
legendary
Activity: 1512
Merit: 1000
January 17, 2016, 02:54:54 PM
#6
Probably an exchange moved funds between wallets. Apart from Satoshi himself there are very few whales with that much bitcoins (if any) and whales used to be careful, so AFIAK they used to store their coins in smaller portions, instead of one huge chunk.
legendary
Activity: 1062
Merit: 1003
January 17, 2016, 01:26:08 PM
#5
I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.

Agree. But imagine if you  saw over 10% of all the USD in the world was moved. It's interesting to know why and where

indeed. Do you have the block numbers handy?

Like these ones for example:

https://blockchain.info/block/00000000000000000336b036117c2213088cf742ec3503a3ee96cabb8337570b

https://blockchain.info/fr/block/000000000000000007c8475c4da11cf943f761fdedc7c119529f5852486cc8fd

that first block is far & away the biggest one I've ever seen. With MK safely behind bars for now (I think) it can only be one of the big mining farms shifting its loot. For all the talk of Bitcoin being decentralized, it sure doesn't seem that way sometimes.
legendary
Activity: 1062
Merit: 1003
January 17, 2016, 06:11:23 AM
#4
I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.

Agree. But imagine if you  saw over 10% of all the USD in the world was moved. It's interesting to know why and where

indeed. Do you have the block numbers handy?
hero member
Activity: 767
Merit: 532
January 17, 2016, 05:58:24 AM
#3
I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.

Agree. But imagine if you  saw over 10% of all the USD in the world was moved. It's interesting to know why and where
legendary
Activity: 1062
Merit: 1003
January 17, 2016, 05:51:16 AM
#2
I doubt movement of that size is anything to worry about. It's not like anyone would be silly enough to dump it because they'd only be shooting themselves in the foot.
hero member
Activity: 767
Merit: 532
January 17, 2016, 05:41:02 AM
#1
What's up with these huge blocks in the last hours? several 300k btc blocks as well as one over 600k btc moved. Anyone know wtf is going on??
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