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Topic: What was the 90,000 BTC transaction? (Read 4276 times)

Rampion
legendary
Activity: 1148
Merit: 1018
What was the 90,000 BTC transaction?
December 23, 2013, 09:30:21 AM
#15
Quote from: Bitcoin Oz on December 23, 2013, 08:39:26 AM
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Noob alert.

http://bitcoin-otc.com

Sure, and before bitcoin-otc we had forum posts - so what?

What do you mean given the context of the current discussion? That these coins about which we are discussing "belonged" to "bitcoin-otc"??

Think before you write.
Bitcoin Oz
hero member
Activity: 686
Merit: 500
Wat
Re: What was the 90,000 BTC transaction?
December 23, 2013, 08:39:26 AM
#14
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.

Noob alert.

http://bitcoin-otc.com
bryant.coleman
legendary
Activity: 3654
Merit: 1217
Re: What was the 90,000 BTC transaction?
December 23, 2013, 03:53:48 AM
#13
Quote from: Meni Rosenfeld on December 22, 2013, 07:09:54 PM
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.
There was no "other exchange" before MtGox.
Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

New Liberty Standard was established in October 2009. It dealt with tens of thousands of Bitcoins everyday before it closed down.
bitpop
legendary
Activity: 2912
Merit: 1060
Re: What was the 90,000 BTC transaction?
December 22, 2013, 09:21:32 PM
#12
Quote from: Rampion on December 22, 2013, 08:10:12 PM
Quote from: Meni Rosenfeld on December 22, 2013, 07:09:54 PM
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.
There was no "other exchange" before MtGox.
Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

Totally missed that one. Was its volume relevant?

Just a 10,000 pizza
There were also people mailing you cash in the mail
Rampion
legendary
Activity: 1148
Merit: 1018
Re: What was the 90,000 BTC transaction?
December 22, 2013, 08:10:12 PM
#11
Quote from: Meni Rosenfeld on December 22, 2013, 07:09:54 PM
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.
There was no "other exchange" before MtGox.
Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History

Totally missed that one. Was its volume relevant?
Meni Rosenfeld
donator
Activity: 2058
Merit: 1054
Re: What was the 90,000 BTC transaction?
December 22, 2013, 07:09:54 PM
#10
Quote from: Rampion on December 22, 2013, 12:09:00 PM
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.
There was no "other exchange" before MtGox.
Bitcoin Market was before Mtgox.

https://en.bitcoin.it/wiki/History
bitpop
legendary
Activity: 2912
Merit: 1060
Re: What was the 90,000 BTC transaction?
December 22, 2013, 03:35:50 PM
#9
Mtgox #1
Rampion
legendary
Activity: 1148
Merit: 1018
Re: What was the 90,000 BTC transaction?
December 22, 2013, 12:09:00 PM
#8
Quote from: bryant.coleman on December 22, 2013, 11:14:46 AM
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.

There was no "other exchange" before MtGox.
bryant.coleman
legendary
Activity: 3654
Merit: 1217
Re: What was the 90,000 BTC transaction?
December 22, 2013, 11:14:46 AM
#7
I don't think that it was Mt Gox. In 2010, Mt Gox wasn't dealing with that much BTCs. Those coins belonged to some other exchange.
bitcoinpaul
hero member
Activity: 910
Merit: 1000
Re: What was the 90,000 BTC transaction?
December 22, 2013, 08:31:17 AM
#6
https://blockchain.info/charts/bitcoin-days-destroyed-min-year
klaus
legendary
Activity: 1932
Merit: 1004
Re: What was the 90,000 BTC transaction?
November 19, 2012, 11:00:44 AM
#5
Back Nov 2010 - Mark was not the owner of mtgox yet.

At this time it was Jed McCaleb (sold mtgox to Mark in March 2011)

So if it was mtgox = early adopter
Meni Rosenfeld
donator
Activity: 2058
Merit: 1054
Re: What was the 90,000 BTC transaction?
November 19, 2012, 10:59:36 AM
#4
Quote from: World on November 19, 2012, 10:55:40 AM
from google search:
Quote
theymos:
That was a few days ago. 1AYtn... received 400,000 BTC and then sent 150,000 BTC to 1LYJH... (possibly the same person). 1LYJH proceeds to break the coin into many smaller pieces over a long period of time. My guess is that 1LYJH is breaking the coin intentionally for some reason (maybe anonymity).

There might also be another person (1NMDH) between 1LYJH and the chain of coin-breaking transactions.

Interesting series of transactions.

One of the 400,000 BTC transactions was only 259 bytes in size, and only one transaction/block, since the 400,000 BTC was already in one coin.
Quote
psy
Or maybe just an early adopter... This is the originating address http://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX
400K BTC that were consolidated there on January 27, 2011, coming from various sources.
And seeing as a lot of those coins that were sent there are the 50 BTC block reward coins, it's some miner.
A very rich miner I would say lol
For reference, these threads are:
https://bitcointalksearch.org/topic/small-transaction-4102
https://bitcointalksearch.org/topic/the-mysterious-0031337-btc-transactions-91086
World
hero member
Activity: 743
Merit: 500
Re: What was the 90,000 BTC transaction?
November 19, 2012, 10:55:40 AM
#3
from google search:
Quote
theymos:
That was a few days ago. 1AYtn... received 400,000 BTC and then sent 150,000 BTC to 1LYJH... (possibly the same person). 1LYJH proceeds to break the coin into many smaller pieces over a long period of time. My guess is that 1LYJH is breaking the coin intentionally for some reason (maybe anonymity).

There might also be another person (1NMDH) between 1LYJH and the chain of coin-breaking transactions.

Interesting series of transactions.

One of the 400,000 BTC transactions was only 259 bytes in size, and only one transaction/block, since the 400,000 BTC was already in one coin.
Quote
psy
Or maybe just an early adopter... This is the originating address http://blockchain.info/address/1AYtnRppWM7tWQaVLpm7TvcHKrjKxgCRvX
400K BTC that were consolidated there on January 27, 2011, coming from various sources.
And seeing as a lot of those coins that were sent there are the 50 BTC block reward coins, it's some miner.
A very rich miner I would say lol
Mike Hearn
legendary
Activity: 1526
Merit: 1129
Re: What was the 90,000 BTC transaction?
November 19, 2012, 10:41:43 AM
#2
I think this was MtGox going through a wallet consolidation.

Bitcoins wallet code scales poorly. MtGox uses a custom implementation of Bitcoin now, but back then I think performance had tanked to the point where Mark needed to send all funds from an old wallet to a new one, in order to reduce the number of transactions being considered when forming spends.
Meni Rosenfeld
donator
Activity: 2058
Merit: 1054
Re: What was the 90,000 BTC transaction?
November 19, 2012, 09:26:48 AM
#1
In Quantitative Analysis of the Full Bitcoin Transaction Graph, Dorit Ron and Adi Shamir have noted that the first ever transaction of value at least 50,000 BTC, was transaction b9a0961c07ea9a28bdfa950556bd96f71d9ecf6e42d19c08cb2ee331a30d30cb from Nov 8 2010 where 90,000 BTC were sent to address 1BtK4w7yuvtWEqmMJcjW6DqWuqXBWii2ZC. Interestingly, they also found that most future large transactions can be clearly linked to it.

Does anyone have an idea who might be the sender/receiver of this transaction, or what can be done to try to find out?

I figured Mt. Gox would be the most obvious owner, but apparently no link to Mt. Gox was found in the transaction graph. Knightmb also crossed my mind.

Are these just coins owned by an unknown early adopter?
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