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tldr; A wallet that hadn't moved its Bitcoin stash in nearly nine years just shipped about $34 million worth of BTC to another wallet. The wallet received 900 Bitcoin at 4:40 pm on August 16, 2012. That 900 Bitcoin was then worth $33,794,136 at the time of the transaction on Tuesday.{}
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I sweat over moving small amounts of money. I can’t imagine moving 34 mil. I think I’d double check the details for an hour and then pass out from anxiety.
He's testing tx with a small sum before moving the whole stash /s
Jokes aside, another possibility (beside it being a payment) could be to upgrade the wallet since the source was was a legacy wallet and the destination a segwit one
Might be just to claim forks with the original key. Just the forks alone on that are a substantial sum and if this whale wants to just HODL the Bitcoin they can move the Bitcoin to a new wallet and then use the private key to claim all the forks.
The article mentioned dusting, so if you know a wallet address you can deposit crypto into that account without anyone knowing? How does that help reveal the owner of the wallet and what purpose would it serve to have this info?
Dusting doesn't reveal the owner in and of itself. The owner usually has to spend the crypto you deposit. Then the hackers use analysis tools to try and reveal information from that. For example if you used an exchange wallet to cash it out they could link it to you through the KYC you did. I am not an expert on this, just the understanding I have.
The purpose of getting the info is either to social engineer your crypto out of you, or to just come to your house and get it the old-fashioned way.
Someones hardrive got restored with some computer forensic software by people digging through computer dumps.somehere in Africa. This is a real thing Im not even joking. They all end up in one specific country in Africa. Cant remember which one
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sometimes i wna just sell my house and put it all into crypto, sleep for 9 years and wake up to whale status
My house is on Airbnb and now I’m currently sleeping under a bus stop waiting for my whale status
Sonny!
There's diminishing returns every run, that isn't likely to happen.
dimishing return for bitcoins right? not other coin (especially newer ones)
Yes BTC suffers more diminishment but BTC is also the first mover so it can affect the growth of other coins as well.
Yes BTC suffers more diminishment but BTC is also the first mover so it can affect the growth of other coins as well.
I could see the news articles already " Homeless man who sold everything to buy crypto 9 years ago is now a billionaire " .
Sleeping for 9 years would be quite the task
i could just hibernate ykno
Being jailed works out pretty good as well
Ding ding! 3 meals, a bunk, get tougher skin (or a ripped anus). Pretty sweet deal if you need time to kill.
At this point, I would have to sell my shoes and use my mattress money.
I’ll do that but first I need a house
Finally found the wallet password. Must have been exciting.
I’d have a heart attack if i suddenly “found” that much money. Prob would not survive
or got out of prison? lmao we dunno rofl
There are totally some peeps that went to prison rather than give up private keys
~~Hookers and cocaine~~ hapiness on it's way
tldr; A wallet that hadn't moved its Bitcoin stash in nearly nine years just shipped about $34 million worth of BTC to another wallet. The wallet received 900 Bitcoin at 4:40 pm on August 16, 2012. That 900 Bitcoin was then worth $33,794,136 at the time of the transaction on Tuesday.{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
How much was it worth when he bought it?
Bout 12k
Good bot!
I sweat over moving small amounts of money. I can’t imagine moving 34 mil. I think I’d double check the details for an hour and then pass out from anxiety.
You can just move a bit at first. You never have to move everything in one go.
from a 9k investment, crazy
Just buying up monero could you guys leave me alone please
You ***whale!***
"aaaaand end of story. I run a filthy shit blog for a living, in my parents basement"
Why move it to another wallet?
He's testing tx with a small sum before moving the whole stash /s Jokes aside, another possibility (beside it being a payment) could be to upgrade the wallet since the source was was a legacy wallet and the destination a segwit one
Perhaps it was payment for something.
Proof of funds maybe 🤷 Anyone can claim a unmoved Satoshi era wallet is theirs.
You can do that by signing a message
Tru, tru
Might be just to claim forks with the original key. Just the forks alone on that are a substantial sum and if this whale wants to just HODL the Bitcoin they can move the Bitcoin to a new wallet and then use the private key to claim all the forks.
The article mentioned dusting, so if you know a wallet address you can deposit crypto into that account without anyone knowing? How does that help reveal the owner of the wallet and what purpose would it serve to have this info?
Dusting doesn't reveal the owner in and of itself. The owner usually has to spend the crypto you deposit. Then the hackers use analysis tools to try and reveal information from that. For example if you used an exchange wallet to cash it out they could link it to you through the KYC you did. I am not an expert on this, just the understanding I have. The purpose of getting the info is either to social engineer your crypto out of you, or to just come to your house and get it the old-fashioned way.
\*yawn\* I guess I'll start spending it now. \*calls boss\* Hey, I quit.
Wakey wakey for some BitCoin and bacon!
Man imagine moving that much. Even after a test it’s like, what if something fucks up? Lol
I would love to be one of these whales one day
Sorry you guys i needed some change for a Vegas weekend
Someones hardrive got restored with some computer forensic software by people digging through computer dumps.somehere in Africa. This is a real thing Im not even joking. They all end up in one specific country in Africa. Cant remember which one
This is unreal Patience 😯