The Tender For Law

Volume 4

Dec 23, 2013 3:53 AM

Scott Duncan

Some nefarious party and/or parties is moving HUGE volumes of REALLY OLD BitCoins, and shaking up the market!

Who on EARTH would DO such a thing?

Wow... The world we live in!

bitcoin bear chart

bitcointalk.org

bitcoin bear chart

Read Comments

Icbeonne Senama

ohh love of doge. Scott can you share the best place to join a pool and/or P2P pool. My only hardware at the moment is my low powered notebook capable of around 28 - 30 khash/s. It seems that on all of the pools I look on for the doge that I am by far the lowest powered machine. I am currently at the dogehouse pool. The dogehouse website suggest using p2p pool can you elaborate on why that is better - or not?

Derek Moran

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.

Example

If someone has 100BTC that they received a week ago and they spend it then 700 bitcoin days have been destroyed. If they take those 100BTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of bitcoindays destroyed is still 700.

https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed

Derek Moran

spiderbrain: "Yeah, I think you're right, I suspect that this is a big private sale. Someone wants to lock in some profilt on a scale the exchanges can't handle. I'm sure they'll still have most of their coins, and they'll have a private island too!"

Icbeonne Senama

Long live the doge... on the moon. For me btc is hard to obtain. I missed the boat there... Scott said at one time that btc was just a test run or a beta..something like that. Daniel J Wentz posted about the dogecoin. Hopefully I am on the right boat now...

Derek Moran

Im listening to Kate of Gaia from last night. On her show, she's talking about how we just entered REVELATIONS:17, and we're about to enter REVELATIONS:18, which, is the collapse of as she puts it- "The Whore of Babylon," which is basically...the BANKING SYSTEM! Hmmmmmmmmm...AS ABOVE, SO BELOW sorta sounding stuff

David Vilaca

"Probably owner built a bunker in iceland just for storing those He is already a wealthy man afterall, it is a certainty. Somebody who does not cash out millions for two years must have other means to survive". The thread starter also fails to mention that some of the spikes triggered nothing or a bull market...

It could be a good thing, too - a whale performing an out-of-exchange transaction to a major investor?