Monster transaction: 39016 BTC!! | Bitcointalksearch.org

koelen3

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Quote from: crazyearner on March 07, 2015, 02:37:23 PM

Quote from: koelen3 on March 07, 2015, 07:15:18 AM

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

Well if they been certified as a scam then that is one heck of a lot of coin to get away with and some serious coin made their for the people behind the scam ie the admins and people working along side them.

I don't know much about it but RipDice is the name shown on their transaction ,i don't think they would have been able to get away with such large amount .
Definitely they hadn't cheated at that time maybe?

Quote from: funtotry on March 07, 2015, 06:17:09 PM

Quote from: koelen3 on March 07, 2015, 07:15:18 AM

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

I seriously doubt RipDice (looks like a mediocre scam attempt) had 39 thousand btc, I bet even primedice doesn't have this much btc. They were using a free script and were "doubling deposits", maybe ripdice is someone much bigger...

Doubling Deposit ? What does that term even mean ?
Double Deposit it's not that easy and wouldn't be accepted by Main blockchain or miners

funtotry

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Quote from: randy8777 on March 07, 2015, 07:11:45 PM

Quote from: ranlo on March 06, 2015, 03:44:41 AM

Quote from: gentlemand on March 05, 2015, 09:45:22 PM

Quote from: randy8777 on March 05, 2015, 08:17:02 PM

what is the purpose of sending huge amounts of coins without fee.
a lot of the monster size transactions are sent without fee. is there a special reason for that?

Dick swinging maybe? Perhaps it sends a thrill through a miner to process such a huge transaction. Or perhaps it's to prove an obscure point.

What point, though? The fee is almost non-existent as it is. There's really not much of a difference between going from a $0.00x fee to no fee.

With that said, there's really no REASON to pay a fee if it's not required. But I don't think it's any sort of "statement" or anything. It would mean more if we were closer to the extremely small block rewards.

with 25btc blocks the miners fee is too small to get you anything decent.
having that said, a fee of just a few $ cents can make your transaction confirm so much faster.
i don't think saving $0,0X is worth waiting hours and hours. especially for large transactions.

Yea, I usually use 0.0001 btc as a default fee if the tx is not time restraining, but if im placing or a bet or entering something I will do about 0.0002 or 0.0003 to stay above the rest, or if the tx is very large I do a larger fee as well. Using 0 fee is stupid, is the chance of not confirming, or waiting 24 hours to confirm really wroth saving a couple cents???

randy8777

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Quote from: ranlo on March 06, 2015, 03:44:41 AM

Quote from: gentlemand on March 05, 2015, 09:45:22 PM

Quote from: randy8777 on March 05, 2015, 08:17:02 PM

what is the purpose of sending huge amounts of coins without fee.
a lot of the monster size transactions are sent without fee. is there a special reason for that?

Dick swinging maybe? Perhaps it sends a thrill through a miner to process such a huge transaction. Or perhaps it's to prove an obscure point.

What point, though? The fee is almost non-existent as it is. There's really not much of a difference between going from a $0.00x fee to no fee.

With that said, there's really no REASON to pay a fee if it's not required. But I don't think it's any sort of "statement" or anything. It would mean more if we were closer to the extremely small block rewards.

with 25btc blocks the miners fee is too small to get you anything decent.
having that said, a fee of just a few $ cents can make your transaction confirm so much faster.
i don't think saving $0,0X is worth waiting hours and hours. especially for large transactions.

funtotry

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Quote from: uhoh on March 07, 2015, 07:01:32 PM

Quote from: funtotry on March 07, 2015, 06:58:31 PM

Quote from: AT101ET on March 07, 2015, 06:56:52 PM

When I send small amounts of BTC I double check the addresses and even then my nerves are on edge. Can't imagine what it must have been like clicking the confirmation to send that amount!

Yes, I check the address and make sure it is EXACT. Adding a space or missing a letter at the end would make your btc dissapear. When providing addresses to pay me, I give them the blockchain link so they don't copy it wrong, and they can see the address is in use and soemone is behind it.

Public keys are checksummed so missing a letter or adding a space would not cause you to lose your coins unless you were incredibly unlucky.

Yes thats true. Another thing to watch is manually checking over both addresses. Once I blindly copied a store address, and I hit shift C instead of ctrl C, and didn't copy it, and then I accidentaly sent 0.5 btc to luckyb.it instead of the seller, which would be generally bad but I won 10% so I aint even mad. I press ctrl C about 5 times (im paranoid) and then manually check the first 5 and last 5 characters. I urge everyone to do the character checking

uhoh

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Circle gets the Square

Quote from: funtotry on March 07, 2015, 06:58:31 PM

Quote from: AT101ET on March 07, 2015, 06:56:52 PM

When I send small amounts of BTC I double check the addresses and even then my nerves are on edge. Can't imagine what it must have been like clicking the confirmation to send that amount!

Yes, I check the address and make sure it is EXACT. Adding a space or missing a letter at the end would make your btc dissapear. When providing addresses to pay me, I give them the blockchain link so they don't copy it wrong, and they can see the address is in use and soemone is behind it.

Public keys are checksummed so missing a letter or adding a space would not cause you to lose your coins unless you were incredibly unlucky.

funtotry

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Quote from: AT101ET on March 07, 2015, 06:56:52 PM

When I send small amounts of BTC I double check the addresses and even then my nerves are on edge. Can't imagine what it must have been like clicking the confirmation to send that amount!

Yes, I check the address and make sure it is EXACT. Adding a space or missing a letter at the end would make your btc dissapear. When providing addresses to pay me, I give them the blockchain link so they don't copy it wrong, and they can see the address is in use and soemone is behind it.

AT101ET

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When I send small amounts of BTC I double check the addresses and even then my nerves are on edge. Can't imagine what it must have been like clicking the confirmation to send that amount!

funtotry

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Quote from: koelen3 on March 07, 2015, 07:15:18 AM

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

I seriously doubt RipDice (looks like a mediocre scam attempt) had 39 thousand btc, I bet even primedice doesn't have this much btc. They were using a free script and were "doubling deposits", maybe ripdice is someone much bigger...

crazyearner

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Quote from: koelen3 on March 07, 2015, 07:15:18 AM

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

Well if they been certified as a scam then that is one heck of a lot of coin to get away with and some serious coin made their for the people behind the scam ie the admins and people working along side them.

koelen3

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Activity: 1022

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Sooner or later, a man who wears two faces forgets

It seems the address which sent this Monster transaction has been regularly sending coins to RipDice
https://blockchain.info/address/13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh

So may be it's a cold storage (or big hot wallet) of RipDice
It has bee certified as a scam now though .

Slaxt

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Gone......

It is heading to a exchange maybe?

BitcoinFr34k

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✓

Quote from: acquafredda on March 06, 2015, 08:32:16 AM

Quote from: steven.G999 on March 06, 2015, 04:40:03 AM

Quote from: Q7 on March 05, 2015, 07:34:10 AM

I believe I've seen far bigger transaction than that before but nevertheless it's still consider "big" for my standard. My curiosity is who owns all these bitcoins? Is this what you refer to as the whales? I mean with that amount they can surely affect or change the direction of the price movement (if those gets dumped to the open market)

during my playing bitcoin one year, so I was surprised to see a transaction of this magnitude, it is not inconceivable. when we are looking for some bitcoin just very difficult.

of course they could move the market. what they do with all this?

It's good. If one's able to make the right moves anonymity is safe.

That's good to me.

It is really not possible to move that kind of money with anonymity. Someone may be able to move that much money from one address to another address, however it would be very difficult to either spend or trade that kind of money without your identity being revealed

steven.G999

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Quote from: acquafredda on March 06, 2015, 08:32:16 AM

Quote from: steven.G999 on March 06, 2015, 04:40:03 AM

Quote from: Q7 on March 05, 2015, 07:34:10 AM

I believe I've seen far bigger transaction than that before but nevertheless it's still consider "big" for my standard. My curiosity is who owns all these bitcoins? Is this what you refer to as the whales? I mean with that amount they can surely affect or change the direction of the price movement (if those gets dumped to the open market)

during my playing bitcoin one year, so I was surprised to see a transaction of this magnitude, it is not inconceivable. when we are looking for some bitcoin just very difficult.

of course they could move the market. what they do with all this?

It's good. If one's able to make the right moves anonymity is safe.

That's good to me.

yes of course if someone could move anonymity, this is good for bitcoin and all users

duckydonald

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Pre-sale - March 18

Quote from: redsn0w on March 06, 2015, 04:10:21 AM

Quote from: acquafredda link=topic=394643.msg1 4440677401#msg10677401 date=1425628240

So there's quite a lot of anonymity involved in here.
That's good to me.
Seems we are not able to say who/what moved those amounts.

Is this bad or good for you? For me the level of anonymity is still good whit bitcoin instead with the fiat value where the government can see all the transactions that you have/will made-make.

just exchange it 4 darkcoin

duckydonald

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Pre-sale - March 18

is mark kapeles!

drotto

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Some one is just moving it around, think of it as transfering money from one of your bank accounts to another. That is a lot of bitcoin though.

oblivi

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I would only use QR codes for transactions like this. One single mistake in writting the address and it's all over. I would also send 1 BTC to test before I send that insane amount.

ranlo

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Quote from: josef2000 on March 06, 2015, 04:02:50 PM

Wow, thats millions of dollars in one transaction!
But there was a bigger one, wasnt there?

The largest transaction logged in the history of BTC, as far as I'm aware, is this one:

https://blockchain.info/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

But that was back in 2011.

josef2000

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Bro, you need to try http://dadice.com

Wow, thats millions of dollars in one transaction!
But there was a bigger one, wasnt there?

AtheistAKASaneBrain

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Quote from: gentlemand on March 05, 2015, 07:21:04 PM

Quote from: oblivi on March 05, 2015, 07:12:58 PM

Quote from: RoxxR on January 01, 2014, 12:03:45 PM

I just saw this baby popping up on my radar. Any idea what that might be?? Shocked

[EDIT] It seems the sender address is 13Df4x5nQo7boLWHxQCbJzobN5gUNT65Hh.

[EDIT2] Should have mentioned, the tool I've used to watch it happen live is the windows version of flatfly's chainsnort (official thread). It's oddly soothing to watch the constant trickle of transactions

These transactions make me scared as hell. I imagine myself sending them and quadruplemillion-checking that I haven't commited any errors when copy-pasting the address where im sending the money at.

If you've got that many coins then you probably have an army of robot-brained nubiles to handle the boring little details. I agree with you though. I'd probably need a few weeks of training to work up to it.

If I had that many coins I would deal with the pressure of possibly making a mistake on the transactions. I would be a happy guy.

Topic: Monster transaction: 39016 BTC!! (Read 19857 times)