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Topic: My giantest transaction so far (Read 3492 times)

pc
sr. member
Activity: 253
Merit: 250
December 15, 2011, 07:40:52 AM
#29
Perhaps there's a market for higher denominations on the cheapest possible material.

It does seem that if delivery of a physical product mitigates the risk of accepting Paypal/Credit Cards enough for companies to do it, that just mailing out private keys on paper ought to be sufficient for people who are just trying to buy bitcoins to have electronically. It seems the same thing to me, of course, but perhaps the fact of whether or not there's a real "coin" involved actually does make the payment companies look at it differently somehow.
sr. member
Activity: 322
Merit: 251
FirstBits: 168Bc
December 14, 2011, 02:49:21 PM
#28
Perhaps there's a market for higher denominations on the cheapest possible material. I am interested* in a graphs over time...

* not so interested to do it myself. Sad
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
December 14, 2011, 02:44:44 PM
#27
A couple of others have.

http://uberbills.com/casascius

http://casascius.appspot.com <--- more accurate at the moment

Seems the bars get ripped open pretty quickly, presumably because the buyers just want the BTC (they are buying from MemoryDealers for USD, not from me)
sr. member
Activity: 322
Merit: 251
FirstBits: 168Bc
December 14, 2011, 02:41:31 PM
#26
Seems to be the case with many of the 100 BTC bars. Have you compiled any statistics on the number of pristine/defiled coins or average deflowering time?
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
December 14, 2011, 02:17:13 PM
#25
Hey Mike, some of those outputs have been redeemed, does that necessarily mean that someone ripped the hologram off and transfered the contents?

example: http://blockexplorer.com/address/17MdPjZN1HfmVStJhi8AKF8KAyQ2jzunrt

Exactly.
sr. member
Activity: 322
Merit: 251
FirstBits: 168Bc
December 14, 2011, 02:15:12 PM
#24
Hey Mike, some of those outputs have been redeemed, does that necessarily mean that someone ripped the hologram off and transfered the contents?

example: http://blockexplorer.com/address/17MdPjZN1HfmVStJhi8AKF8KAyQ2jzunrt
full member
Activity: 154
Merit: 102
Bitcoin!
December 14, 2011, 01:19:34 PM
#23
Just topped it: 1,042 outputs, 35.6 kB in this one.

Very nifty. I can take a good guess as to which output is your change, though. Smiley
The fact that none of the coins have been redeemed makes that kinda easy. Smiley
pc
sr. member
Activity: 253
Merit: 250
December 13, 2011, 04:32:27 PM
#22
Just topped it: 1,042 outputs, 35.6 kB in this one.

Very nifty. I can take a good guess as to which output is your change, though. Smiley
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
December 13, 2011, 02:01:35 PM
#21
legendary
Activity: 980
Merit: 1008
November 15, 2011, 10:54:02 AM
#20
I see. I guess that can be seen as good - the available anonymity. I pulled some historical data from bitcoincharts.com to see what was going on, and have written a bit about it here if anyone is interested: https://bitcointalksearch.org/topic/m.619470

Thanks a lot for the link to subvertx! Looks very useful. But I guess you are right in implying that large trades on the exchanges can't be - and maybe shouldn't be - effectively traceable in the block chain.
full member
Activity: 213
Merit: 100
November 15, 2011, 10:40:23 AM
#19

Can anyone track down the block that contains the deposit related to this sell? I assume we would be able to see the deposit to a Mt. Gox account in the block chain. Of course we can't know if it was a gradual deposit or a single 40,000 BTC one, or when it happened.

You can try...but it might be hard. You can import private keys to mtgox now, as well as use codes to transfer between accounts. You have no idea how long someone had funds in mtgox or if they got them from buying on mtgox in the first place.

Quote
Do any tools exist that can be used for working with the block chain locally? Can I, for example, somehow do a search in the block chain for a block containing at least, for example, 40,000 BTC worth of transaction within the last 7 days? That would be really interesting to be able to do.

yes, try here: https://bitcointalksearch.org/topic/subvertx-command-line-utilities-proof-of-concept-using-libbitcoin-50721
legendary
Activity: 980
Merit: 1008
November 14, 2011, 01:02:21 PM
#18
Interesting! I wonder who did that and why.

If someone sold 40,000 Bitcoins on Mt. Gox right now, he would make $78,350, getting an average price of $1.96 per Bitcoin. I wonder how much the fella selling his 40,000 BTC got per Bitcoin...

Can anyone track down the block that contains the deposit related to this sell? I assume we would be able to see the deposit to a Mt. Gox account in the block chain. Of course we can't know if it was a gradual deposit or a single 40,000 BTC one, or when it happened.

Do any tools exist that can be used for working with the block chain locally? Can I, for example, somehow do a search in the block chain for a block containing at least, for example, 40,000 BTC worth of transaction within the last 7 days? That would be really interesting to be able to do.
full member
Activity: 154
Merit: 102
Bitcoin!
November 14, 2011, 12:03:44 PM
#17
Nice. I wonder if the coins I ordered a couple days ago are among them. Smiley
full member
Activity: 168
Merit: 100
November 14, 2011, 11:45:52 AM
#16
No, someone dumped like 40k coins... way beyond the 2k Casascius mentioned.

And in this case, I didn't dump the coins on the market, I pretty much removed the coins from the network - completely inaccessible until someone hand-types the private keys back into a computer.

That would have an upward pressure on the price, not downward, if anything.

Arent you taking a hit with the recent price drops tho?
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 14, 2011, 08:56:33 AM
#15
No, someone dumped like 40k coins... way beyond the 2k Casascius mentioned.

And in this case, I didn't dump the coins on the market, I pretty much removed the coins from the network - completely inaccessible until someone hand-types the private keys back into a computer.

That would have an upward pressure on the price, not downward, if anything.

Exactly.  Not sure people got the idea that doing an internal transaction (from address Cascius controls to addresses on Cascius' coins) would cause a drop in exchange prices.
newbie
Activity: 55
Merit: 0
vip
Activity: 1386
Merit: 1140
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
November 13, 2011, 11:21:30 PM
#13
No, someone dumped like 40k coins... way beyond the 2k Casascius mentioned.

And in this case, I didn't dump the coins on the market, I pretty much removed the coins from the network - completely inaccessible until someone hand-types the private keys back into a computer.

That would have an upward pressure on the price, not downward, if anything.
hero member
Activity: 742
Merit: 500
November 13, 2011, 09:53:08 PM
#12
Nice!  I will be ordering more very soon. 

I know you hate making the damn little things, but I have a stack of them on my desk and I want more!
full member
Activity: 168
Merit: 100
November 13, 2011, 09:45:34 PM
#11
Is this why the price just dropped by 0.5 ?

No, someone dumped like 40k coins... way beyond the 2k Casascius mentioned.

where can we check this?
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
November 13, 2011, 08:27:08 PM
#10
Is this why the price just dropped by 0.5 ?

No, someone dumped like 40k coins... way beyond the 2k Casascius mentioned.

ah, thanks!
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