FBI clearing out DPR's accounts?
...or DPR associate moving around his money? ;)
Someone just made a $147,239,214 Bitcoin transfer
81–90 of 474 posts
Re: Someone just made a $147,239,214 Bitcoin transfer
#82Earlier quoted context omitted.
Or why it would be ideal to be used by the government - so we could track how they move money around, prevent corruption and generally keep an eye on the untrustworthy ones.
Let's say that you pay for Virgin Galactic ticket - that will be a fairly large transaction pointing to your wallet. Someone will be able connect the dots and find out that you also bought Viagra, and a penis enlargement pump. Do you really want that connected to you? Another case - you buy something from one of the stores that accept bitcoins. That store may have the address of your bitcoin wallet. They will be able…
You can wash BTC of any identifying information by sending them through a conduit -- someone that is willing to operate an address used to obfuscate the eventual destination of transactions.
Re: Someone just made a $147,239,214 Bitcoin transfer
#83Well, this is just another reason why bitcoin will not work - you can track money changing hands.. Certain three letter agencies would have not trouble tracking most of the transfers, all over the world.
i love this
this is just another reason why bitcoin will not work
when do you decide that bitcoin 'works'? i mean; it is absolutely undeniable 100% certainly no-matter-what-you-say currently working RIGHT NOW; the mental dissonance around bitcoin naysayers is becoming hilarious
Re: Someone just made a $147,239,214 Bitcoin transfer
#84Consider this: They paid $0.00 for the transfer of $150 million dollars. A direct (i.e. not based on third party credit, regulations, etc.) transfer of wealth of this magnitude between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold. Depending how safely you want to make the transfer, and how far the entities are on the globe, it can cost hundreds of thousands to million…
Sorry but you can wire transfer $150 million dollars and it will not cost you millions.
Re: Someone just made a $147,239,214 Bitcoin transfer
#85Consider this: They paid $0.00 for the transfer of $150 million dollars. A direct (i.e. not based on third party credit, regulations, etc.) transfer of wealth of this magnitude between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold. Depending how safely you want to make the transfer, and how far the entities are on the globe, it can cost hundreds of thousands to million…
Actually if you look carefully, the fees is 0 and not 0.5 BTC. 0.5 BTC in fees is quite high actually. That's right, he paid $0 to move $150 million.
Re: Someone just made a $147,239,214 Bitcoin transfer
#86Re: Someone just made a $147,239,214 Bitcoin transfer
#87Consider this: They paid $0.00 for the transfer of $150 million dollars. A direct (i.e. not based on third party credit, regulations, etc.) transfer of wealth of this magnitude between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold. Depending how safely you want to make the transfer, and how far the entities are on the globe, it can cost hundreds of thousands to million…
That 0.5 BTC you see there is another output, not the fees. They didn't pay any fees for that transaction.
Re: Someone just made a $147,239,214 Bitcoin transfer
#88Someone wanted to be on the bitcoin 100 richest list.
Re: Someone just made a $147,239,214 Bitcoin transfer
#89Consider this: They paid $0.00 for the transfer of $150 million dollars. A direct (i.e. not based on third party credit, regulations, etc.) transfer of wealth of this magnitude between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold. Depending how safely you want to make the transfer, and how far the entities are on the globe, it can cost hundreds of thousands to million…
>between two entities usually consists of a heavily guarded, insured, physical shipment of cash or gold.
Err, life isn't a james bond movie. For money transfer like this we use bank wires. We dont buy gold and ship it on gunships anymore.
Re: Someone just made a $147,239,214 Bitcoin transfer
#90Earlier quoted context omitted.
Let's say that you pay for Virgin Galactic ticket - that will be a fairly large transaction pointing to your wallet. Someone will be able connect the dots and find out that you also bought Viagra, and a penis enlargement pump. Do you really want that connected to you? Another case - you buy something from one of the stores that accept bitcoins. That store may have the address of your bitcoin wallet. They will be able…
You could create a new Bitcoin Wallet and transfer the bitcoins to your "new" wallet.
Wallets generate addresses and prove ownership of them. On the other hand, it's very difficult (impossible) to prove that a given address is controlled by the same person who controls another address.
In other words, you don't have to generate a new wallet, just a new address.