0.00928571429 BTC to one egg based on current average market of grade A eggs and the current exchange rate of BTC to USD.
This of course doesn't factor in local sales tax or the fact that most grocery stores do not accept BTC at this time. Hopefully this will change however.
Topic: Lots of BTC being moved. (Read 2742 times)
I'm not concerned. My partners and I are developing a service we hope will trust us with lots of bitcoins, and I won't be holding them in a single wallet. Based on calculations of who will be paid how much and when, I would move the excess bitcoins into separate wallets and store those offline. To keep all your eggs in one basket is inviting disaster.
What is the bitcoin to egg exchange rate anyway?
What is the bitcoin to egg exchange rate anyway?
Exorbitantly large amounts of funds in the hands of unknown individuals whose security/business conduct is also unknown can be a hindrance to a healthy currency, since one could fear that an amount too large for the market to handle would be dumped onto the market (voluntarily or not) in a short timeframe.
You're not being ironic are you? By this logic, every stock and small sovereign currency is threatened by individuals and institutions with more dollars and euros than the market cap of entire industries and small countries.
Some people shoot their toe sometimes but it has not hindered weapons sales.
Actually, what you stated is correct. Every stock and small sovereign (edited to spellcheck) currency is threatened by the largest holder of dollars - ie, the U.S. Treasury.
To learn why - watch this relatively current assessment:
http://www.businessinsider.com/howard-davidowitz-dollar-crisis-dow-6000
Exorbitantly large amounts of funds in the hands of unknown individuals whose security/business conduct is also unknown can be a hindrance to a healthy currency, since one could fear that an amount too large for the market to handle would be dumped onto the market (voluntarily or not) in a short timeframe.
I would look at this as, "exorbitantly large amounts of funds in the hands of unknown individuals" means that there are some unknown individuals out there with A LOT of money and A LOT of incentive to see this currency survive and be healthy.
OMG SOMEBODY HAS A LOT OF MONEY!!
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
So, judging from your post you find it normal that one party seems to be holding close to 1mio bitcoins? Call me paranoid, but I do find this a notion worth knowing about - even if those transactions turn out to be 100% legit.
Where did you see someone holding 1 million BTC? There was no evidence of that in this thread.
If I wanted to take out an exchange properly, I would __fill_in_the_blank__.
Exorbitantly large amounts of funds in the hands of unknown individuals whose security/business conduct is also unknown can be a hindrance to a healthy currency, since one could fear that an amount too large for the market to handle would be dumped onto the market (voluntarily or not) in a short timeframe.
You're not being ironic are you? By this logic, every stock and small sovereign currency is threatened by individuals and institutions with more dollars and euros than the market cap of entire industries and small countries.
Some people shoot their toe sometimes but it has not hindered weapons sales.
Exorbitantly large amounts of funds in the hands of unknown individuals whose security/business conduct is also unknown can be a hindrance to a healthy currency, since one could fear that an amount too large for the market to handle would be dumped onto the market (voluntarily or not) in a short timeframe.
If this was to happen at a time where 1 BTC was worth a lot more, the mere possibility of something like that happening could handicap the price and trust in BTC imo, so I hope that the coins will be spread more in the future.
If this was to happen at a time where 1 BTC was worth a lot more, the mere possibility of something like that happening could handicap the price and trust in BTC imo, so I hope that the coins will be spread more in the future.
For every person who thinks like you, there is a person who would relish the opportunity to buy at $1 -> 1BTC. So it all evens out doesnt it?
probably gox moving money around like was said above
Exorbitantly large amounts of funds in the hands of unknown individuals whose security/business conduct is also unknown can be a hindrance to a healthy currency, since one could fear that an amount too large for the market to handle would be dumped onto the market (voluntarily or not) in a short timeframe.
If this was to happen at a time where 1 BTC was worth a lot more, the mere possibility of something like that happening could handicap the price and trust in BTC imo, so I hope that the coins will be spread more in the future.
If this was to happen at a time where 1 BTC was worth a lot more, the mere possibility of something like that happening could handicap the price and trust in BTC imo, so I hope that the coins will be spread more in the future.
OMG SOMEBODY HAS A LOT OF MONEY!!
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
So, judging from your post you find it normal that one party seems to be holding close to 1mio bitcoins? Call me paranoid, but I do find this a notion worth knowing about - even if those transactions turn out to be 100% legit.
OMG SOMEBODY HAS A LOT OF MONEY!!
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
so what... if people were to post a panic topic every time people moved lots of dollars we would have a few topics every second.
In the past 4 blocks they have all had 20k+ BTC being moved.
http://blockexplorer.com/
i wonder who is doing it all.
What is the point of your post? http://blockexplorer.com/
i wonder who is doing it all.
Way to raise suspicion and stir up the market. 
Seriously though... who holds 850k bitcoins in their wallets in the first place??
Seriously though... who holds 850k bitcoins in their wallets in the first place??
At the moment the richest wallet is 424242.434242 (a rich boy with a good sense of humor
)Here is the daily updated list of top 100 (all are over 6300BTC)
http://bitcoinreport.appspot.com/
What you see is a total of the transctions in a block (and as explained there are a lot of movemets from a 24000BTC wallet)
Hence me saying wallets - one person can be in possession of several wallets, which may have also been the case here. However, what strikes me the most is not the fact that there are a few 25k bitcoin wallets being moved around, but the short time span in between. It leaves one with the impression that all those wallets (netting 900k+ bitcoins) are in fact controlled by one party.
Am I the only one who thinks this is weird?
At the moment the richest wallet is 424242.434242 (a rich boy with a good sense of humor )
Here is the daily updated list of top 100 (all are over 6300BTC)
I beleive that's a Mt.Gox )Here is the daily updated list of top 100 (all are over 6300BTC)
Way to raise suspicion and stir up the market.
Seriously though... who holds 850k bitcoins in their wallets in the first place??
Seriously though... who holds 850k bitcoins in their wallets in the first place??
At the moment the richest wallet is 424242.434242 (a rich boy with a good sense of humor
)Here is the daily updated list of top 100 (all are over 6300BTC)
http://bitcoinreport.appspot.com/
What you see is a total of the transctions in a block (and as explained there are a lot of movemets from a 24000BTC wallet)
Way to raise suspicion and stir up the market.
Seriously though... who holds 850k bitcoins in their wallets in the first place??
Seriously though... who holds 850k bitcoins in their wallets in the first place??
There is a guy who is splitting is usin a 24755.1225BTC address in a lot of 20-50BTC transactions: maybe some transaction is for trade but maybe is only for security reason (even if the value put on every address is not round: 28.7 - 31.34 - 41.47 and so...)
Um.
| Number | Hash | Time | Transactions | Total BTC | Size (kB) |
| 137320 | 9ba3a3cc9a... | 2011-07-21 09:21:28 | 127 | 845969.8500312 | 56.357 |
| 137319 | 6a7edee1f1... | 2011-07-21 09:19:19 | 55 | 28369.10667261 | 26.444 |
| 137318 | 72b57f7845... | 2011-07-21 08:55:31 | 11 | 25183.91718305 | 4.247 |
| 137317 | 180bdf52f0... | 2011-07-21 08:47:44 | 11 | 25497.6648308 | 3.154 |
| 137316 | f0fd670eb8... | 2011-07-21 08:44:12 | 108 | 29909.05489351 | 52.431 |
| 137315 | 677b0bbf6e... | 2011-07-21 08:27:06 | 63 | 29123.253319 | 27.404 |
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