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Comment by jakejake | Hacker News Reader

For a laymen like myself, why is this particular transaction posted here? Is this recently stolen coin or something, or just a curiosity because it's such a ridiculously large amount?

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These coins haven't (on average) been moved in the last 2.17 years.

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.

Eh, it's only from 2011. These are more likely to be MtGox related coins than Satoshi coins.

Noone knows for _certain_ which bitcoins are Satoshis, he may have tumbled his since initially mining them.

I remember reading someone's analysis that suggested satoshi has never touched the vast majority of bitcoins he mined (based on the block's nonce you can figure out who the miner was in the early days)

edit: source - https://bitslog.wordpress.com/2013/04/17/the-well-deserved-f...

Ah yea, I didn't think about that. Thank you.

Coin-cidences! Hohoho!

Thigh slapper :)

You're a punny guy!

Please, no reddit-style pun threads :)

I forgot people here only like fun if it's followed by draising.

Take this crap back to reddit please.

ok, so what?

Furthermore, for those of us who aren't quite sure how the blocks and ownership work at this level, what about the other transactions of the 289321 block? What does 289321 signify, and what about the 29,999 BTC transaction listed here?

http://blockr.io/block/info/289321

> What does 289321 signify

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).

The block numbers are sequential, a new block is mined every ten minutes. A movement of 30k isn't very rare.

So this is a 2-year-old block, and ~$15 million (just estimating at ~500/btc) being shifted around in that set isn't abormal? (Not sure how recycling of big amounts works, I'm not being facetious)

This is a 2-year-old address.

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.

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