So far, here's how they're moving:
Topic: Silk Road: Trail of 11,329.89BTC - page 2. (Read 35103 times)
Holy shit! 1933ph is on the move!
1933x is on the move! Entire balance transferred to https://blockchain.info/address/15ihHoGs3onQBNnEH8afDFGvou9nD62Hm7 , and then split in half to send to https://blockchain.info/address/1K191X5eVSRzeecaPQYGgTAbB7NTbqxDTJ and https://blockchain.info/address/1HR42TZ27gSAQUiLEyT7bVThqi5ZbadVie
What's going on? Ross Ulbricht is still in jail, the apparent plea bargain fell through, and the FBI seized his stuff months ago, they should've finished with it.
EDIT: Reddit discussion: http://www.reddit.com/r/Bitcoin/comments/2004fg/111k_coins_just_moved_any_information_on_this/ ; it looks like the coins have stopped moving for now, and have been split across three addresses now: https://blockchain.info/address/1K191X5eVSRzeecaPQYGgTAbB7NTbqxDTJ / https://blockchain.info/address/1DxQdDV6LPjoimiM9MpBBckQKAeeodmKDE / https://blockchain.info/address/15wJARB79G6WMeLbfy8W2nKX8EdeS32DTA
What's going on? Ross Ulbricht is still in jail, the apparent plea bargain fell through, and the FBI seized his stuff months ago, they should've finished with it.
EDIT: Reddit discussion: http://www.reddit.com/r/Bitcoin/comments/2004fg/111k_coins_just_moved_any_information_on_this/ ; it looks like the coins have stopped moving for now, and have been split across three addresses now: https://blockchain.info/address/1K191X5eVSRzeecaPQYGgTAbB7NTbqxDTJ / https://blockchain.info/address/1DxQdDV6LPjoimiM9MpBBckQKAeeodmKDE / https://blockchain.info/address/15wJARB79G6WMeLbfy8W2nKX8EdeS32DTA
When govts claim to seize coins... we should put those in a list...
As a community, the govt is not entitled to exchange values "today" of those coins from OUR money, that they admit to having. They should get $0.01 per coin, or nothing... That is theft from us, the way I see it.
Just got to tell us the wallets and addresses... add that into the exchanges "security do not exchange" list... since that would be the govt laundering stolen/seized money. (Making an app that checks for those "seized" addresses, to auto-reject them until they have been sold for that $0.01 price at an "official" exchange... would be nice too.)
Force the exchanges to reward all accounts equally, with the exchanged coins. (Would promote the exchanges too.)
They are not entitled to our value. They obtained the coins through force and seizure. I believe they are forced to destroy drug-money, not spend it... when obtained.
Once "exchanged", they would have normal value, to the split-users they were divided among. (So they could not just come back and buy their own coins, to resell at our prices.)
As a community, the govt is not entitled to exchange values "today" of those coins from OUR money, that they admit to having. They should get $0.01 per coin, or nothing... That is theft from us, the way I see it.
Just got to tell us the wallets and addresses... add that into the exchanges "security do not exchange" list... since that would be the govt laundering stolen/seized money. (Making an app that checks for those "seized" addresses, to auto-reject them until they have been sold for that $0.01 price at an "official" exchange... would be nice too.)
Force the exchanges to reward all accounts equally, with the exchanged coins. (Would promote the exchanges too.)
They are not entitled to our value. They obtained the coins through force and seizure. I believe they are forced to destroy drug-money, not spend it... when obtained.
Once "exchanged", they would have normal value, to the split-users they were divided among. (So they could not just come back and buy their own coins, to resell at our prices.)
just PM'd you on ##mtgox-chat
Very unlikely. It's much more likely that's one DPR's addresses.
So, the other only option would be that few hours after my deposit, Mt. Gox used this coins to process a withdrawal that SR requested? There are no other options to explain this, right?Wonder if it's possible thaty you give us your transaction link? Thanks.
Very unlikely. It's much more likely that's one DPR's addresses.
So, the other only option would be that few hours after my deposit, Mt. Gox used this coins to process a withdrawal that SR requested? There are no other options to explain this, right?Knowing nothing else, this seems to be the most likely explanation to me.
Ente
Very unlikely. It's much more likely that's one DPR's addresses.
So, the other only option would be that few hours after my deposit, Mt. Gox used this coins to process a withdrawal that SR requested? There are no other options to explain this, right? Guys, this address is allegedly SR?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
I can tell you that it is 1-hop from my Mt. Gox deposit address from 2011. Basically I deposited to Gox, and within few hours, deposit has been moved to this address and everything is still there. Could it be Mt Gox cold storage?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
I can tell you that it is 1-hop from my Mt. Gox deposit address from 2011. Basically I deposited to Gox, and within few hours, deposit has been moved to this address and everything is still there. Could it be Mt Gox cold storage?
Very unlikely. It's much more likely that's one DPR's addresses.
Guys, this address is allegedly SR?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
I can tell you that it is 1-hop from my Mt. Gox deposit address from 2011. Basically I deposited to Gox, and within few hours, deposit has been moved to this address and everything is still there. Could it be Mt Gox cold storage?
https://blockchain.info/address/1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a
I can tell you that it is 1-hop from my Mt. Gox deposit address from 2011. Basically I deposited to Gox, and within few hours, deposit has been moved to this address and everything is still there. Could it be Mt Gox cold storage?
Only by osmosis of reading the same article and discussion threads; first time seeing that page. I'm gonna wager and say that he had far less BTC left over than that estimate. Id say I'd play with the numbers later, but there isn't really a pressing need or anything!
No, didn't spot that one... Do you have a link handy or should I click my way through there?
Well, you quoted it already :-P
http://www.reddit.com/r/SilkRoad/comments/1obvm2/estimating_dprs_income_after_expenses_exchange/
Ente
No, didn't spot that one... Do you have a link handy or should I click my way through there?
I disagree on the 'no where near' claim; 500k is probably low. Please see my analysis in http://www.reddit.com/r/SilkRoad/comments/1obvm2/estimating_dprs_income_after_expenses_exchange/
This is about the conclusion I reached just from a wild-ass guess. Unless DPR was investing in some other expensive activities or managed to get swindled himself, he doesn't seem to have spent much. He lived practically like a monk. While San Francisco is a pretty expensive place even to live like a monk, it's not enough to put a significant dent in his money. Assuming he saved his non-expense money, and didn't have any other big business-related expenses (like the hits) that we don't know about, he'd of course still have most of it.
Except for most of his career, BTC was much less valuable; he'd have put significant dents in his wallet up until the last 6 or 10 months when bitcoin really took off. Remember, in June 2012 for instance, a bitcoin was only $7. Every $1000 in expense (hosting, employees, living expenses) would have depleted him of 142 bitcoins which is now worth $27,000.
Between site hosting, paying developers/consultants, paying employees $1000-$2000/wk, taking money for his own expenses, etc, the true amount that he retained for himself has got to be far smaller. Especially the early months of his existance, the commissions he received were huge is terms of bitcoins, but they were likely spent long ago just trying to keep the place going.
Well, did you read the post on Reddit? gwern did run through the numbers, exactly the way you suggest: "How many bitcoins did DPR have to spend each week at the back-then exchange rate?".
I find his numbers plausible. Unless, of course, some other big funds drawing positions are not known of.
Ente
I disagree on the 'no where near' claim; 500k is probably low. Please see my analysis in http://www.reddit.com/r/SilkRoad/comments/1obvm2/estimating_dprs_income_after_expenses_exchange/
This is about the conclusion I reached just from a wild-ass guess. Unless DPR was investing in some other expensive activities or managed to get swindled himself, he doesn't seem to have spent much. He lived practically like a monk. While San Francisco is a pretty expensive place even to live like a monk, it's not enough to put a significant dent in his money. Assuming he saved his non-expense money, and didn't have any other big business-related expenses (like the hits) that we don't know about, he'd of course still have most of it.
Except for most of his career, BTC was much less valuable; he'd have put significant dents in his wallet up until the last 6 or 10 months when bitcoin really took off. Remember, in June 2012 for instance, a bitcoin was only $7. Every $1000 in expense (hosting, employees, living expenses) would have depleted him of 142 bitcoins which is now worth $27,000.
Between site hosting, paying developers/consultants, paying employees $1000-$2000/wk, taking money for his own expenses, etc, the true amount that he retained for himself has got to be far smaller. Especially the early months of his existance, the commissions he received were huge is terms of bitcoins, but they were likely spent long ago just trying to keep the place going.
amazing!
its gor moneys now
I disagree on the 'no where near' claim; 500k is probably low. Please see my analysis in http://www.reddit.com/r/SilkRoad/comments/1obvm2/estimating_dprs_income_after_expenses_exchange/
This is about the conclusion I reached just from a wild-ass guess. Unless DPR was investing in some other expensive activities or managed to get swindled himself, he doesn't seem to have spent much. He lived practically like a monk. While San Francisco is a pretty expensive place even to live like a monk, it's not enough to put a significant dent in his money. Assuming he saved his non-expense money, and didn't have any other big business-related expenses (like the hits) that we don't know about, he'd of course still have most of it.
There is not 600,000 coins either btw. That is the total amount of coins the FBI has said SR generated in commission since it was up and running. When you figure that for almost 2 years of SR's life, BTC's were valued at under $20, and he was paying his staff between $1,000-$2,000/week, and was paying for the servers and whatever else was involved in keeping SR secure, there's likely no where near 600,000 coins left.
I disagree on the 'no where near' claim; 500k is probably low. Please see my analysis in http://www.reddit.com/r/SilkRoad/comments/1obvm2/estimating_dprs_income_after_expenses_exchange/
nice job...
your government will be very pleased with a citizen like you
your government will be very pleased with a citizen like you
Jump to: