4ee89f7cf824a85ad5f11d52604ffdebe9f01302bcea8ddec0af450f9185ddf1

[etfb]

And the Oscar for the most cryptic hyperlink on Hacker News goes to...

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...

[Sir_Cmpwn]

I wrote a userscript that makes small enhancements to HN. Among them is a regex-based post filter.

https://github.com/SirCmpwn/HNImproved

[yhlasx]

Pay me 1 BTC and I will make it for you. 1CgZ2qaZdY5UxZi5RBkq5426a7zxMmiZaa

[lotsofmangos]

And the Oscar for the most cryptic hyperlink on Hacker News goes to...

That award should be highly coveted. It is Hacker News, after all.

[ghotli]

Hijacking the top comment:

The level of discourse in this thread is abysmal.

[devindotcom]

Jesus christ, is it so hard to not pay attention to things that you don't care about? 90% of what shows up on HN isn't up my alley but I don't post some overly dramatic bullshit in the comments of every one.

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?

[gfodor]

This post is best read in the voice of the Comic Book Guy.

[ekianjo]

If you were an actual hacker you could make a filter function in less than 5 minutes. Just saying. And paying for that would just be plain ridiculous.

[beagle90]

Yeah pay someone to add a filter. I'm thinking simply grab the html from each HN link, perform some search against a Bitcoin word/phrase dictionary, if it's a match then hide that link.

[robinduckett]

I made this already: http://userscripts.org/scripts/show/185221

[clarkm]

I'm not quite getting your analogy. Was it supposed to have any depth, or was it just a way of signaling your hatred for your ideological opponents?

[endeavour]

Would you be willing to pay in bitcoins, though?

[veganarchocap]

Woah! Let's leave Ayn Rand out of this!

[jakejake]

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?

[dpiers]

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.

[devindotcom]

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

[brudgers]

Inside the bubble of the bitcoin soap opera this is a big deal. In financial terms, this is the construction cost of a US middle school or 8 miles of Kentucky Interstate Highway [in non-mountainous terrain].

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.

http://cber.uky.edu/Downloads/highways.htm

[broolstoryco]

180,000 BTC moved, 143 million bitcoin days destroyed [1]

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...

[stingraycharles]

For anyone else who is equally confused about this statistic as I was: https://bitcoin.stackexchange.com/questions/845/what-are-bit...

[VMG]

Same results on reddit: http://www.reddit.com/r/Bitcoin/comments/1zshct/4ee89f7cf824...

[dia80]

118M USD and no transaction fee paid! Is this likely Satoshi moving his coins now he has been identified? I really hope he is ok and being out does not lead to any harm or distress for the man.

[paps]

No need to pay fees when the coins are old. Fees are there to prevent spam.

[selectnull]

If that was Satoshi, why would he move his btcs: is what way would this transcation make him more safe or anonymous?

[level09]

interesting assumption, are there any particular reasons you think that was Satoshi (other than the media buzz) ?

[bennyg]

Gox coins.

[glennos]

For those wondering...

"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."

[gggggggg]

HN has a band of BitCoin followers and a band who have no idea (I am the later).

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.

[lifthrasiir]

The transaction displays "Coin days destroyed", which is an indication of past transaction activity. When you haven't spent 20 BTC for a day and 5 BTC for a week, there are 20 * 1 + 5 * 7 = 55 coin days destroyed. This particular transaction has 143,132,916 (!) coin days destroyed; at least some of 180,000 BTC spent today haven't been spent for past 143,132,916 / 180,000 ~= 795 days, just over two years, as per the pigeonhole principle.

[furyofantares]

I clicked on the question mark next to bitcoin days destroyed, which explained a bit more about why his is interesting other than the volume -- looks like these are coins that haven't been touched in a couple years.

[jakejake]

I was thinking it's perhaps promo for blockr.io ? But, it is interesting because it's a transfer of coin worth over 110 million dollars USD (with today's conversion rate anyway).

[eps]

latter

[veganarchocap]

Having been someone who hasn't really had the money, time or interest to invest in bitcoins, this submission doesn't make a great deal of sense to me; despite one particular angry sweary guy shouting at everyone claiming it 'should be obvious'. But I'm not angry that I don't understand it, or am not interested in it, we're spoilt for choice with great content on hacker news, so this doesn't mean much to me personally, who cares? I'll read something else, or maybe it might inspire me to give a little more time to look in to BitCoin. I can see that already that's a large amount of money being processed, that in an of itself sparks some sense of curiosity.

[briantakita]

One thing that Bitcoin has going for it is you can follow the money.

[unclebucknasty]

Following the destination addresses involved in the subject transaction reveals that the BTC is now being split repeatedly among newly created (or newly used) destination addresses.

[ars]

Is the implication here that this is some of the stolen Mt Gox coins? Or is this just a large transaction and interesting because of that?

[bernatfp]

For those asking about the transaction being processed without transaction fee, it was possible because it satisfies three conditions: tx size < 1000 bytes, outputs are more than 0.01 btc and priority is high enough.

More details here: https://en.bitcoin.it/wiki/Transaction_fees

[vishnupr]

Why is there no transaction fee?

[martin-adams]

Now I'm completely novice to Bitcoin but could tracking the the destroy days weaken it's anonymity?

Here we see a large volume with a large days destroyed which now allows a theoretical link to Satoshi.

[BenjaminN]

I'm actually wondering the opposite: why should there be transaction fees? I thought Bitcoin had no necessary transaction fee.

[siegecraft]

It's been a while since I've looked at the protocol but I believe it's because other network members have to verify your transaction, so you have to pay for that compute time otherwise you could flood/ddos the network with fake transactions

[paps]

Fees are there to prevent micro-transaction spam. If there were no fees, anyone could flood the network with very small transactions and it would suck.

For big transactions like this one, involving old coins, no fee is needed and miners will accept it immediately.

[mjs]

Hopefully someone can expand on this answer but broadly it's so that there's an incentive for transactions to be recorded. (And apparently transaction fees can be adjusted up and down, across the entire system, to ensure this happens.)

[hpaavola]

What are we looking at here? Total of 180000 bitcoins from 5 different accounts to one account? Something else?

[mahdavi]

One thing I like about Bitcoin is that it's stories are more exciting than any movie or video game.

[jamesrom]

That's a lot of bitcoin days destroyed.