The Last Transaction column is not correct.
Richest Bitcoin Addresses
11–20 of 208 posts
Re: Richest Bitcoin Addresses
#12Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
Sure, although it would likely take some time, and would cost some money.
Probably would be more along the lines of a private sale than dumped on an exchange, though of late we've seen dumps/buys in the million dollar range.
Re: Richest Bitcoin Addresses
#13Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
I'm not entirely sure but I think to cash in you would need to find willing buyers at the price you want.
So it works similar to trading.
So if you want $1million dollars at $700 per bitcoin you would have to find a market with enough people to buy at $700.
Re: Richest Bitcoin Addresses
#14Pretty interesting to look at the last transaction date. For the most part it looks as if they've been pretty inactive lately.
Re: Richest Bitcoin Addresses
#15Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
IF bitcoin will materialize as common internet currency, these guys/girls will have some jolly good time. Until this happens this list is is nothing but a high-score in a web based game, for there is no way to exchange your BTC into real currency.
Of course, anyone who has invested in BTC is highly interested to push the hype button and spread the word of BTC as universal payment system. This is the only way to bring more hard currency into the BTC cashflow.
Re: Richest Bitcoin Addresses
#16Scrolling down, there are addresses with an even 10000 bitcoins. If these all belong to the same person (trying to mitigate risk by spreading across wallets?) then it adds up to about 186 million...
Re: Richest Bitcoin Addresses
#17You got hellbanned, saneshark.
And you defeated the purpose of hellbanning by pointing it out to the user. http://en.wikipedia.org/wiki/Hellbanning
Re: Richest Bitcoin Addresses
#18Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
No. The market just isn't that deep. I really doubt there are people looking to spend 10 million (or even 1 million) dollars on bitcoin in any normal time frame. Most of the bitcoin super-rich are the early adopters, who mined hundreds of bitcoins on their personal PCs while that was still possible.
One million dollars is less than 1400 BTC on gox at the moment. There are several transactions a day in this range.
And contrary to the popular folklore, you can get USD out of gox, it just costs you a fair amount to do so. If you're dealing in million dollar transactions, it can be arranged.
Re: Richest Bitcoin Addresses
#19I wonder if Satoshi is amongst those...
afaik 90+% (100%?) of all the blocks mined by satoshi have never been touched. Satoshi's wealth would be in thousands of separate 50BTC wallets, not 1 big one.
Can't be bothered to find the source atm but someone did some analysis on the mined blocks in 2009/2010 and found the likely blocks mined by the same person who mined the first block, all unspent.
Re: Richest Bitcoin Addresses
#20Question: How hard/impossible would it be for me as a US citizen to cash in on a large lot like that? Say I want 10 million dollars for some partying I want to do for New Years. It seems some people have mega riches, but is it actually feasible for me to realize that money (in US Dollars, deposited to my Chase bank account)?
You would have to make a deal one-on-one with a buyer. The current liquidity on the exchanges would mean that you tank the price and end up with way fewer dollars. And you would start a price panic.