Such as?
Topic: Very Rich Address? - page 2. (Read 13082 times)
That's almost certainly a coin tumbler escrow. The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions. The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work. The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is. That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"
To be clear, the bitcoins residing in the wallet with the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM are commissions from sales on/at Silk Road. Correct?
I have no idea, and I question whether that is even knowable to anyone that doesn't deal with silk road, which I don't.
EDIT: If it is, then the owner of Silk Road hasn't taken much of his profits. How does he pay to keep it all running without cashing some out?
maybe this is just his "hot wallet" and he has taken millions out already? i be they do a massive amount of business.
As lucrative as it can be to be to be a dealer, that doesn't usually compare to how lucrative it is to be the market maker, so you're probably right.
I believe something nefarious is happening with this account.
That's almost certainly a coin tumbler escrow. The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions. The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work. The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is. That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"
To be clear, the bitcoins residing in the wallet with the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM are commissions from sales on/at Silk Road. Correct?
I have no idea, and I question whether that is even knowable to anyone that doesn't deal with silk road, which I don't.
EDIT: If it is, then the owner of Silk Road hasn't taken much of his profits. How does he pay to keep it all running without cashing some out?
maybe this is just his "hot wallet" and he has taken millions out already? i be they do a massive amount of business.
As lucrative as it can be to be to be a dealer, that doesn't usually compare to how lucrative it is to be the market maker, so you're probably right.
That's almost certainly a coin tumbler escrow. The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions. The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work. The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is. That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"
To be clear, the bitcoins residing in the wallet with the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM are commissions from sales on/at Silk Road. Correct?
I have no idea, and I question whether that is even knowable to anyone that doesn't deal with silk road, which I don't.
EDIT: If it is, then the owner of Silk Road hasn't taken much of his profits. How does he pay to keep it all running without cashing some out?
That's almost certainly a coin tumbler escrow. The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions. The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work. The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is. That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"
To be clear, the bitcoins residing in the wallet with the address 1DkyBEKt5S2GDtv7aQw6rQepAvnsRyHoYM are commissions from sales on/at Silk Road. Correct?
That's almost certainly a coin tumbler escrow. The semi-random automatic transactions that are constantly moving small amounts around and back helps to hide the true volume of in-out transactions. The collection into a single address also tends to hide who is paying whom, should an observer be able to link an address to a person in some other way, such as standard detective work. The claim that it's the tumbler for silk road is likely, but irrelevent because no one knows who silk road actually is. That's akin to saying "I can track MoonShadow's money, because I have his address!", the anominity then rests with "Who the hell is MoonShadow?"
Blockchain is down. Maybe it's trying to block my research.
It is probably the SR escrow wallet?
Yeah Tony76 was the dude the fucked a bunch of people 4/20 sale weekend....
Yeah Tony76 was the dude the fucked a bunch of people 4/20 sale weekend....
I think Silk Road processes an awful lot of money.
Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.
Edit: https://bitcointalksearch.org/topic/sr-100k-bitcoin-scam-78496
Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.
Edit: https://bitcointalksearch.org/topic/sr-100k-bitcoin-scam-78496
Nevermind! It all makes sense now. $20M USD in sales since February at a 10% cut equals $2M USD (400K+ BTC) kept all in one wallet sans 1K BTC.
Here's my favorite Silk Road song by Kitaro (really): http://www.youtube.com/watch?v=8gXZPaIl6us
I think Silk Road processes an awful lot of money.
Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.
Edit: https://bitcointalksearch.org/topic/sr-100k-bitcoin-scam-78496
Recently there was a thread claiming a vendor took $100k in one scam, over one weekend.
Edit: https://bitcointalksearch.org/topic/sr-100k-bitcoin-scam-78496
i bet it is related to the stability... this guy would not let it go under $5 or so... just absorbed everything, that's my guess.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)
~Bruno~
then could it be a way to launder coins?
The process you are seeing must be Silk Road's coin tumbler.
I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?
Not sure who they are, but that's one hell of a commission wallet taken from transactions that continue to take place seconds apart.
i bet it is related to the stability... this guy would not let it go under $5 or so... just absorbed everything, that's my guess.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)
~Bruno~
then could it be a way to launder coins?
The process you are seeing must be Silk Road's coin tumbler.
I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?
i bet it is related to the stability... this guy would not let it go under $5 or so... just absorbed everything, that's my guess.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)
~Bruno~
then could it be a way to launder coins?
The process you are seeing must be Silk Road's coin tumbler.
I may accept that reasoning, but isn't SR a place where different people sell different stuff, therefore there's not one entity collecting and storing all those coins?
Plus, how does one set(s) of coins start at one end of the transaction and make its way back to the large wallet, thus increasing it? I can't take $10 out of my wallet containing $100 (leaving me now with only $90), pass it around several times, return it to my wallet and now have $110. That's what I'm seeing.
i bet it is related to the stability... this guy would not let it go under $5 or so... just absorbed everything, that's my guess.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
$2,000,000 is a lot for me, but for some people or funds, that is nothing and worth taking a long shot on. a lot of very rich people know what bitcoin is.
Many of these transactions are happening within seconds of each other. This is on automatic pilot. Pick any one transaction at random and following it for awhile. Look at the times. Look at some transactions split then return to the original total and increases it. My head is spinning. (tired)
~Bruno~
then could it be a way to launder coins?
The process you are seeing must be Silk Road's coin tumbler.
My head is spinning. (tired)
LOL your avatar indicates the same
Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.
Nothing like putting all your eggs in one basket and hopin' to not forget where the key is to the coop.
Joey, tell Uncle Gavin that you can't find the key.
The hacker stole the key and melted it. It wasn't lost.
Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.
Nothing like putting all your eggs in one basket and hopin' to not forget where the key is to the coop.
Joey, tell Uncle Gavin that you can't find the key.
Awesome, it's good to see some really successful btc business going on, even if we don't know what it is. It helps stabalize the currency because it ensures demand.
it's pirates!
(yes this is 100% BS FUD)
(yes this is 100% BS FUD)
It's one of the most annoying things about this "community". I'm not sure why people seek to undermine trust by decloaking addresses/people with large balances. It actually makes it worse than fiat, as you can't easily look up someone's bank balances. It seems a perverse game among people with little respect for privacy in an open ledger system, which makes it necessary for people with "nothing to hide" to go to lengths to obfuscate their holdings.
Not everyone is "sophisticated" enough to split their holdings into multiple wallets/addresses. This sort of activity creates a disincentive to invest heavily in BTC and to pull BTC out into cash more frequently.
+1
MtGox profits wallet lol
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