94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

Post by MiroF » Mon, Sep 09, 2019, 8:21 PM UTC

blue11 wrote: post #358

compiler-guy wrote: post #81

As far as the fees being so cheap, and every one else guessing about how expensive it would be to do it in a normal banking situation, F. Scott Fitzgerald is relevant: "Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is…

I'm wandering what services and price structures you are referring to. Examples? While there are vast differences between what's available to low income vs., say, upper middle-class people, the differences on the other side of the distribution curve are not that dramatic. For example, wire transfers in the US are fixed price regardless of the amount, ACH transfers are practically free, mortgage rates cannot go lower…

Post by Erlich_Bachman » Mon, Sep 09, 2019, 8:24 PM UTC

lubesGordi wrote: post #372

homologate wrote: post #365

Earlier quoted context omitted.

https://www.justice.gov/usao-ndca/pr/russian-national-and-bi...

Thanks for posting this. I don't understand how the US can go in and decide BTC-e was a money laundering op and then confiscate bitcoins and put people in jail. Who decides who gets those bitcoins? Surely many other countries have money laundering laws. What makes the US so special that they can go flip a business operating in the Ukraine?

Post by fucking_tragedy » Mon, Sep 09, 2019, 8:25 PM UTC

Stevvo wrote: post #302

hn_throwaway_99 wrote: post #188

Earlier quoted context omitted.

> It effectively establishes a billion dollar bounty for any party who can rewrite enough blocks to erase it. I don't really agree with that statement. Yes, someone could mount a 51% attack to rewrite that block. However, it would be pretty straightforward to see what was happening (and which nodes were the malicious actors). If that did happen, the possible outcomes would be: 1. The value of bitcoin would fall to ba…

You assume the value of bitcoin is somewhat logical, the Etc 51% attack proves otherwise; in the short term holders would rather sustain the delusion.

Post by bogwog » Mon, Sep 09, 2019, 8:28 PM UTC

Erudite_Genius wrote: post #376

The fact that bitcoin even HAS a "dollar value" attached to it is a testament to the FAILURE of bitcoin's original sole objective.

Post by camjohnson26 » Mon, Sep 09, 2019, 8:29 PM UTC

shmerl wrote: post #362

camjohnson26 wrote: post #263

Earlier quoted context omitted.

Quite the opposite. If Satoshi is still alive that entity is worth around $10 billion. Incentives are a powerful thing and the fact that Satoshi hasn’t made a transaction in years is strong evidence those keys are lost.

Doesn't sound like evidence. Conjecture at most.