4ee89f7cf824a85ad5f11d52604ffdebe9f01302bcea8ddec0af450f9185ddf1
blockr.io
blockr.io
Oh. Another fascinating article about Bitcoin, the internet phenomenon that is to cryptography what Ayn Rand is to philosophy.
I'd happily pay for an option to display Hacker News without any articles that reference Bitcoin. I figure I'd get through the feed in half the time...
I wish the OP would behave like an actual hacker and at least search Github for a solution before claiming they'd pay for one.
That award should be highly coveted. It is Hacker News, after all.
The level of discourse in this thread is abysmal.
If you'd pay for it, why not pay someone to make it, if you're too lazy to make it yourself? Ultimately, who cares?
It's not a submission aimed at the HN community, it's a submission aimed at the bitcoin community because it doesn't make any sense whatsoever to the rest of us who aren't very familiar with the protocol.
This submission is obviously not meant for me, it seems fair that I would ask for the possibility of not seeing it, don't you think?
You're clearly thinking of another internet service. Everyone sees the same Hacker News front page. You want something customizable.
You want a subHN special for you? That's not what this website is about, never has been, but you've been an active member for a dog's age right? But now you want to hide a story because you don't like the framing? Tut!
Nothing fair or unfair about what you're asking for, when you're perfectly aware of the way this site works. You are your own filter. This is not a place for pony requests.
Everyday on HN I see posts about subject I know nothing about. Things about technologies I never used, people I've never met and places I've never been. That's why I come here, to discover new things.
This post is not like that however, it's the equivalent of me submitting a link to an obscure commit to some lesser known subsystem of the linux kernel without any context.
Of course you always expect a certain amount of shared knowledge among a comunity. For HN it would be a certain computer literacy and basic knowledge of computer languages I suppose. Also, startup stuff. This post goes well beyond that and assumes familiarity with bitcoin, the implementation of its protocol and all the context leading up to that.
And no, I don't want a subHN, I was no-so-subtly hinting that I don't this this submission is good and has its place on the frontpage. It does not gratify my intelectual curiosity, to paraphrase the guidelines.
No, I expect it in the page. (And presumably, so did they.) A link to a large bitcoin transaction with no explanation tells me nothing.
Actually, I think this should.
Why? What intellectual curiosity is being stimulated? What am I learning?
Just hypothesizing on where that scenario would leave things.
You should follow your own recommendation here and step away from the keyboard for a while... this entire thread just isn't worth getting angry about.
This submission is lousy. It has a lousy title and there is zero interesting content. It is pointless. What is anybody learning from this submission?
For what it's worth I don't like all the Bitcoin stories on the front page but sometimes they're interesting (the slow motion train crash that is MtGox) and other times, when they'd not interesting, they're not hard to ignore.
I saw the long hash and assumed it had something to do with bitcoin. I clicked through onto the link, but I still have no idea what's going on. I'm guessing that someone sent and recieved lots of bitcoins in one transaction, but I don't know the significance of that.
Perhaps the OP could have linked to an article discussing or describing it? Or even have made the submission a text submission and commented on it himself?
Cool facts:
- where else does $180million move without any fees, in the blink of an eye?
- some transactions after this diverted some money into Satoshi Dice, so it's most likely not the Feds who control this, and they're potentially interested in laundering potential.
http://ycombinator.com/newsguidelines.html
In particular:
Be civil. Don't say things you wouldn't say in a face to face conversation.
When disagreeing, please reply to the argument instead of calling names. E.g. "That is an idiotic thing to say; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3."
Please avoid introducing classic flamewar topics unless you have something genuinely new to say about them.
I'm going to have to recommend everyone ITT take a deep breath and let it go.
Downvote us, you fools!!
An extremely early Bitcoin player is moving coins around, and it just happens to be on the same day 'Satoshi Nakamoto' was doxxed. Coincidences are usually ignored, but now we're talking about $118 million dollars worth of coincidences.
edit: source - https://bitslog.wordpress.com/2013/04/17/the-well-deserved-f...
Just that it was the 289321th block to be mined on the mainline of the blockchain.
> what about the other transactions of the 289321 block?
These are just transactions that happened within approximately 10 minutes before the block was mined (precisely, those that reached the miner between 06:22:28 and 06:34:54 today -- times in UTC I guess).
Block is just a set of transactions. New block happens every 10 minutes and contains all the transactions that all the bitcoin users sent during that period.
So, this one transaction is interesting because it involves an old address. Other transactions in this block are probably unrelated.
That's of course assuming that someone would take that many bitcoin in lieu of cash and that the availability of that many additional bitcoin would not lower market exchange rates.
Sure it's interesting to speculate as to the who and why, and if you're a blackhat it might be profitable to try to figure out the where in hope of a bonanza attack. But it's not much in terms of how much other people's money there is in the world.
It's also worth noting that, based on the age of these coins, the actual invested dollar amount this represents is only $900,000.
tldr: huge amount that was untouched for a very long time got moved
[1] https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed
edit: plot twist http://www.reddit.com/r/Bitcoin/comments/1zsjnu/i_believe_ka...
Deleted comment
Bitcoin is fungible up to a "Satoshi" fraction, yet the low-amount transactions are discouraged. Actually I'm not sure how it would be even possible to operate with amounts of 0.0001 Bitcoin or lower in the current condition (and that's one US Dollar at 10k USD/Bitcoin)!
(Mind you, as much as a bitcoin-hater as I am, I find doxxing him distasteful. And I’m not even a total anti-doxxer, I just don’t see any justification for exposing his persona).
"Bitcoin days destroyed for any given transaction is calculated by taking the number of Bitcoins in a transaction and multiplying it by the number of days it has been since those coins were last spent."
I would love to know what this is that we are looking at, that means nothing to me, but still make it to first page of HN.
It is 118 million dollars
In addition to being a large amount, this appears to have been immobile for a more than two years. With the events of the past two years, it’s hard to believe anyone with that large sum has not handled them in any way. A likely explanation after yesterday supposed revelation on BitCoin’s presumed pseudonymous inventor, is that it is one of his personal wallets. Mining coins started as much easier computationally, and it appears one actor did a large chunk of that early on, earning him or her the largest stash of BitCoins.
I personally doubt it would be an under-assuming personality, and would rather consider some of the project more vocal early proponent, too happy to have a name with a discrete personality to match that could be used for a mysterious founder myth, and shed away the attention.
https://bitcointalk.org/index.php?topic=497289.0
Of course that's just my gut reaction to human nature, but MtGox has looked more like panicked people who tucked up and were trying to double down than reacting to the shock of robbery. In particular the delusional documents that surfaced after the collapse look like the product of someone whose been riding the tiger not the resplane to a recent catastrophe.
It is not ready for primetime at a structural level. Advocates need to stop trying to convince those who are already converts, and address problems and fears of non-participants.
More details here: https://en.bitcoin.it/wiki/Transaction_fees
Here we see a large volume with a large days destroyed which now allows a theoretical link to Satoshi.
For big transactions like this one, involving old coins, no fee is needed and miners will accept it immediately.
Quite a large transaction (and with no fees)!
There are not really any other good examples of large amounts of wealth being stored in physically convenient forms in people's homes.