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

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

#651

Post by Erlich_Bachman »

ineedasername wrote: post #544
solotronics wrote: post #421

Earlier quoted context omitted.

Yes but the key difference is with cryptocurrency the person that owns the wallet still has to sign the transaction, there is no other way. It's a push model instead of pull. Compare this to traditional banking where a 3rd party (the bank) can aquiesce to a government request without your knowledge or approval.

That doesn't stop them from shutting things down. The result is the same: You no longer have it. An offline wallet would help, if you can avoid jail.

So you're basically saying that it works with an offline wallet? Wasn't that the original point?

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

#652

Post by AiDirex »

aazaa wrote: post #111

I'd take issue on two points. First, "wallets' don't exist in the Bitcoin protocol. Second, the tool being used is not sophisticated enough to list the inputs and outputs, giving the false impression that something unusual is "unknown." Try this link to get details: https://blockstream.info/tx/4410c8d14ff9f87ceeed1d65cb58e7c7... There are numerous inputs and a single pay-to-script-hash (P2SH) output. The relatively h…

why does this make it a bounty? even if you are an alien and have any power to game with bitcoin, such as doing a 51 percent attack, finding private keys, etc. you still have the whole blockchain of bitcoin to play with and probably you would start with many small transactions to go unnoticed. Anyway, what makes the value of bitcoin is its security, knowing that it can be hacked or gamed will make it worthless.

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

#653

Post by keymone »

proverbialbunny wrote: post #605
seganddr wrote: post #545

Earlier quoted context omitted.

If either you or the posters above linked to primary sources it would help a lot. Anyone can make proclamations but where are the references??

That's a good point. The court case is starting in a little over a week, so Alexander Vinnik (the one accused of the MtGox hack, who was a technician working at btc-e) has yet to be found guilty or innocent. >On 25 July 2017, suspected BTC-e operator Alexander Vinnik was arrested at the behest of the United States Justice Department while vacationing with his family in Greece.[8][9] Wanted for money laundering by bot…

> The US, while legitimate in many ways, has a history of corrupt court practices.

I don’t know how can anyone with straight face compare US court system to Russia’s and not conclude that US is orders of magnitude more fair and less corrupt. Are you being serious right now? Russian court system is literally proxy for Putin’s decisions.

EDIT: disregard that, i somehow assumed extradition to russia was a sure thing already

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

#654

Post by keymone »

pavlov wrote: post #58
farisjarrah wrote: post #25

From the top twitter comment: > 0.06BTC in fees? Why so expensive? Just gotta say, its pretty amazing we live in a world where 1 billion dollars can get transferred pseudo-anonymously in a reasonable time frame, only costing the transfer party $600. As a really stupid, non-real-world comparison, Western Union has a transfer limit of $2500 per transaction, and a $20 fee per transaction. If you were to initiate a $1,00…

International wire transfers between USD accounts usually cost about $25 regardless of the amount. There's a lot of dollars moving around in the global financial system quickly and affordably, Bitcoin advocates just don't seem to know about it for some reason.

Did you miss the part about it being anonymous(pseudonymous)? Also did you consider the fact that it circumvents any government regulations / oppression / sanctions that parties involved in the transaction may have been subjected to?

Bitcoin advocates know very well that centralized systems are faster and more efficient, that’s just the trade off of actually owning your assets. Right now you own nothing but some promise in some database controlled by bunch of potentially corrupt individuals governed by potentially repressive institutions.

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

#655

Post by Retric »

nybble41 wrote: post #591
Retric wrote: post #572

Earlier quoted context omitted.

That assumes that every other miner all mines the old chain. If you and ‘dumb’ miners that just use the longest chain add up to 51% then luck is enough.

No, I was assuming that the other miners continue the longest chain, not the old chain. But they'll include the transaction(s) you were trying to suppress in their blocks; they're not on your side. Each time they mine a block you have to start the attack over again, and the odds are not in your favor. You control under half the hashpower and you need to stay at least one block ahead of the main network. It's not a ra…

If those transactions are larger than the wallets remaining funds that can’t happen. Aka wallet A moves coins to wallet B on the old chain and moves all it’s funds into wallet C in the new chain. In that case the A>B transaction is invalid on the new chain.

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

#656

Post by [deleted] »

komali2 wrote: post #625
proverbialbunny wrote: post #605

Earlier quoted context omitted.

That's a good point. The court case is starting in a little over a week, so Alexander Vinnik (the one accused of the MtGox hack, who was a technician working at btc-e) has yet to be found guilty or innocent. >On 25 July 2017, suspected BTC-e operator Alexander Vinnik was arrested at the behest of the United States Justice Department while vacationing with his family in Greece.[8][9] Wanted for money laundering by bot…

Between a Russian court an American one, do you think he'll be safer in a Russian one?

[deleted]

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

#657

Post by DoctorOetker »

keymone wrote: post #653
proverbialbunny wrote: post #605

Earlier quoted context omitted.

That's a good point. The court case is starting in a little over a week, so Alexander Vinnik (the one accused of the MtGox hack, who was a technician working at btc-e) has yet to be found guilty or innocent. >On 25 July 2017, suspected BTC-e operator Alexander Vinnik was arrested at the behest of the United States Justice Department while vacationing with his family in Greece.[8][9] Wanted for money laundering by bot…

> The US, while legitimate in many ways, has a history of corrupt court practices. I don’t know how can anyone with straight face compare US court system to Russia’s and not conclude that US is orders of magnitude more fair and less corrupt. Are you being serious right now? Russian court system is literally proxy for Putin’s decisions. EDIT: disregard that, i somehow assumed extradition to russia was a sure thing alr…

it seems he is comparing them to french courts?

it may surprise you that france is not a province of russia

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

#659

Post by keymone »

DoctorOetker wrote: post #657
keymone wrote: post #653

Earlier quoted context omitted.

> The US, while legitimate in many ways, has a history of corrupt court practices. I don’t know how can anyone with straight face compare US court system to Russia’s and not conclude that US is orders of magnitude more fair and less corrupt. Are you being serious right now? Russian court system is literally proxy for Putin’s decisions. EDIT: disregard that, i somehow assumed extradition to russia was a sure thing alr…

it seems he is comparing them to french courts? it may surprise you that france is not a province of russia

yeah, you're right, i think i got confused by the last statement. it's not final yet where he's being extradited. greece's ruling party's flirting with russia in past couple years makes me quite skeptical and pessimistic.

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

#660

Post by fastball »

ummwhat wrote: post #595
fastball wrote: post #576

Earlier quoted context omitted.

Trivial amount of money laundering BTC-e haha?

Read the indictment for yourself. Namely page 16 and 17 which account for charges 3-21 of the indictment (the vast majority of it). The only company within US jurisdiction that BTC-E did business with is a company called "tradehill". The amounts of money moved were small, ranging between $12.60 and $17,000. Less than $100,000 was moved overall and all of it was moved in early 2012. The US doesn't care about tracking…

Not really sure how you're making the "empire" qualification. An empire by definition is not an entity which gets to make extraterritorial moves with impunity.

Just seems silly to try and cast the US as an "empire" here when all you're really saying is "the US is a very powerful nation".

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