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Near $1B are currently on the move from a Silkroad related wallet

Near $1B are currently on the move from a Silkroad related wallet
It seems that the owner of a huge #SilkRoad related wallet is moving funds actively since 3 days, dividing it in chunks of 100 coins by subwallets.
The original wallet owned 111,114.62 $BTC / $BCH , which is currently valuated ~ $844M (without taking in account other #Bitcoin forks).
Last movements on these subwallets are 4 years and 5 months old (March 9th, 2014).
The chunks have been divided over time to 60,000 coins then to 30,000 / 20,000 / 10,000 / 5,000 / 500 and now 100 coins.
Does the owner intend selling it on the market soon?

Update 1
For those who asked, the original wallet (1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a) seems to be related to a SilkRoad address per this post:
So it's most probably a wallet owned linked to DPR / SilkRoad. Note that this address is still active with 5 transactions executed in 2018 and 13 in 2017, with really small amount of BTC received/sent.
However, I ran some checks and it does not seem to be linked to the DPR seized coins wallet (1FfmbHfnpaZjKFvyi1okTjJJusN455paPH, there's only a 0.001 BTC link between the 2 addresses), so either the FBI did not sold them yet (last auction was in November 2015) or someone else (linked or not to SilkRoad) has access to it .
Finally, if it's not a SilkRoad related wallet the other options are, by descending probability order:
a) a MtGox cold wallet that has been seized or is still owned by MtGox: in fact the wallet funds moved in March 2014 right after MtGox filed for bankruptcy one month earlier in February 2014; these movements dates are really similar to the 200,000 lost coins "found" by Karpeles which moved March 7th, 2014 (1dda0f8827518ce4d1d824bf7600f75ec7e199774a090a947c58a65ab63552e3), just 2 days before the movements on the wallet we are talking about here.
b) a whale wallet since the major part of the 111,111 coins are coming from a very old deposit of 37,421 coins processed on June 21st, 2011 making this an early adopter's wallet (70d46f768b73e50440e41977eb13ab25826137a8d34486958c7d55c5931c6081)
z) CSW's wallet ..., credits mishax1

Update 2
This amount of $1B in bitcoins that MtGox is going to return to customers looks pretty familiar, it could match the 111,114-coin wallets we are investigating here:
But the methodology of transfer does not match in my opinion, it looks that the owner tries to hide the movements by mixing the coins.

Update 3
Investigating the $1B Bitcoins on the move from a SilkRoad related wallet:

Update 4
$1B Bitcoins On The Move: Owner Transfers ~$100M to Bitfinex And Binance In 10 Days

Update 5
MtGox vs SilkRoad origin and September 6th BTC price impact is now discussed here:

submitted by sick_silk to Bitcoin [link] [comments]

“Anonymous” - Comedy Gold Survey on Monero (XMR)

“Not enough trolling” - nanoakron, XMR Contributor
“you are so obviously a shill” - ButtBazaar, in comments on the ETH survey
“Wow.” - jstolfi, in reply to the ETH survey
Survey ID: 00002
Coin: Monero (XMR)
Client: jwinterm
Executive Summary
Monero is a leading privacy-oriented cryptocurrency. It was originally forked from Bytecoin which introduced Cryptonote, and whose launch was so bad they needed another chance to get it wrong. After their launch, they were a proving ground for Bytecoin exploits. Since then, Monero has become the leader in Cryptonote comedy gold, surpassing Bytecoin. Its future promises exciting drug market comedy gold, while the development team is a zoo of likely furries.
6 Top Comedy Gold Veins
  • Furry-based technical team - Lead developer “fluffypony”, with a team of “mooo”, “wolf”, “pigeons”. This basically speaks for itself. “Cryptocurrency is serious business, and it's a trickle down economy that starts with serious leadership who can bustle with the best Wall Street has to offer.”
  • Slow development - Likely due to the amount of time spent yiffing, “nice-to-have” extras like a GUI take a while to be released. After more than two years since at least one possible design for multisig in Cryptonote (curiously enough, from a paper co-authored by Gmax), multisig is still not in Monero yet, although still in development.
  • Launch issues - Launched because of complaints that the Bytecoin launch was unfair (i.e., not announced on Bitcointalk), Monero launched after about a week’s notice without an overabundance of communication from its founder. It released without 32-bit support, without a GUI, and without a mac client which according to BCT trollscritics is functionally equivalent to a premine.
  • Fenty - Monero is poised to take a commanding lead in the drug markets because of its combination of market share and stronger privacy commitment. Fent is known to be the leader in comedy gold potential for drug markets. Someday, there will be a major incident linked to a fent shipment arranged by a cryptocurrency. If that’s Monero, the fallout could be substantial.
  • Bleeding Edge: Monero started out as a clonecoin, a relaunch of Bytecoin, the first CryptoNote coin. However, it is in a position which is I think unique, or at least quite rare: despite starting as the clone, it is now leading the original upstream in market cap. Further, as a result CryptoNote / Bytecoin exploits have been demonstrated first on Monero. Monero has also developed its codebase such that it could not directly import upstream easily like most clonecoins could. Like all of the bleeding edge cryptocurrencies, Monero may produce more comedy gold from bugs being exploited on the chain.
  • 51% / miner attack: Monero has had at some points large concentration in mining. As with most if not all cryptocurrencies, this centralization can lead to miners having significant control over a coin. So far, there doesn’t seem to have been any direct impact on Monero from this, and there may not be any effect. But Bitcoin and Ethereum have both had issues relating to functional centralization in mining in one way or another. Monero could as well. If anything does develop here, the popcorn futures could be explosive.
A brief history of comedy gold in Monero
There's an old proverb that says just about whatever you want it to.
- Anonymous (from this page of anonymous quotes)
In the beginning there was Bytecoin. Of course, the original bytecoin was actually just a basic BTC clonecoin. And I think there was at least one other Bytecoin not the one we’re talking about here, since deceased as well. And when exactly this Bytecoin started is a matter of no little dispute. But, whenever it was, it was. By the time it was “discovered” and posted on BCT, about 80% of the total supply had been mined. Regardless of what exactly led to this, there were many in the cryptocurrency community on BCT who wanted a relaunch to use the tech without having to buy into the existing distribution.
Then came “bitMonero” (first reference BCT ANN). Launched on relatively short notice, with a de-optimized miner inherited from upstream, no mac client, without 32bit support, and without a GUI. The original developer of the bitMonero fork, thankful_for_today (TFT), supported the network through an initial bug inherited from upstream [ 1 ].
TFT disappears from the thread for a while, and some of the community pull together to make a sort of rebranding, changing to “Monero”, making a new ANN (second BCT ANN listed in references) and forming a new team to run the coin. In the meantime, TFT made another Cryptonote based coin, Fantomcoin, but TFT continued to try bitMonero development as well [2], before finally abandoning the attempt again.
And then the coin gets pretty boring. There’s a potentially serious issue revealed [3] which was inherited from Cryptonote and potentially even a deliberate backdoor left in, but the fix is in pretty quick and the ecosystem is small enough there’s not really an opportunity to exploit it further. While development is slow, the coin continues to work and move on.
The coin gets adopted on one of the darknet markets in 2016, and around the same period it sees a surge in market price. While there is potential for comedy gold fallout from this, there hasn’t been anything obvious so far that I’ve seen.
Researcher’s Narrative:
After wrapping up the ETH survey, I put up the new $5 survey special sign and settled in with a bottle of cheap vodka to contemplate deep questions like how I got here, where I’m going, and why the ground is swaying like that. By the time I woke up, the bottle was empty, but there was a $5 bill slipped under the door with a note which read “Monero?” After only a few short hours of pondering the note and where the vodka had gone, I knew what I had to do next.
A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, drunken sotprivate comedy gold surveyor.
Thanks Narrator. Although I can do without the judgemental commentary.
At least I struck it out.
I’ll strike you out! But this is going even more off-course than usual. I should really make at least a token effort to do my job. So off I go to the furriest corner of cryptocurrency, and I ask the Monerons what they think their greatest weaknesses are. A rather clever move, if I do say so myself, as they’ll either do much of my job for me, or they’ll say they are entirely without fault and thus provide me with more fodder about how unselfaware they are!
They rather surprise me by providing solid responses, with only a rather token “we’re flawless!” attitude to be found. This actually makes my job somewhat harder, as now I have to try to figure out whether the seeming lack of major flaws is a result of such a biased “research” method, general laziness, or being co-opted by actually enjoying the community.
So I take the only logical route and go on a weeklong acid binge. At the end, I realize I’m an insignificant mote in an uncaring universe where humanity itself is an unnoticed blip. The futility of civilization and life itself is obvious. After some further reflection aided by bottles and pipes, as well as overdue bill notices, I realize that while all of this is true, none of it is relevant, and my foggy mind is further from any useful answers than when I started.
Disclosure of biases:
I was hired to write this article with $5 in BTC from jwinterm who is a participant in Monero. In the thread where I asked Monerons what their greatest weaknesses are, I learned a bit about their development process and decided I wanted to pitch my services to them. This has unquestionably made me biased. However, I did do my best to try to figure out where the critical flaw was to maximize the comedy gold yield. In coming up short, I’m not sure whether I’ve missed flaws or simply blinded myself to them.
I know there are additional paths to find more comedy gold. I should ask the Bytecoin community what they think of Monero. And DASH and etc. to try to find all of its critics. But this piece must stand as simply an initial survey and I must move on to my next step.
Footnotes / Other links
submitted by coinaday to Buttcoin [link] [comments]

r/monero top submitters and commenters for 2017

Submissions Comments
Total 1000 42612
Rate (per day) 2.75 116.79
Unique Redditors 491 6056
Combined Score 126361 190816

Top Submitters' Top Submissions

  1. 5209 points, 43 submissions: dEBRUYNE_1
    1. [Mandatory Upgrade] Monero "Helium Hydra" Released (354 points, 384 comments)
    2. Monero Compatible Bulletproofs (343 points, 61 comments)
    3. Monero GUI "Helium Hydra" Released (311 points, 178 comments)
    4. A note on fees (228 points, 80 comments)
    5. Monero Core GUI Beta 1 Released (213 points, 145 comments)
    6. The GUI binaries have been finalized! (205 points, 115 comments)
    7. [MANDATORY UPGRADE] Monero "Wolfram Warptangent" Released & Monero GUI Beta 2 Released (190 points, 127 comments)
    8. Monero GUI "Helium Hydra" Megathread - Download links, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth) (187 points, 189 comments)
    9. [Seeks Funding] Moneromooo full time coding, January-March (179 points, 55 comments)
    10. A small note on second-layer stuff (e.g. side-chains, lightning network) (145 points, 148 comments)
  2. 2430 points, 18 submissions: SamsungGalaxyPlayer
    1. Welcome! If you're new to Monero, please take a few minutes to learn WHY Monero is different :) (313 points, 51 comments)
    2. This is the first time Monero's StackExchange has exceeded 10,000 visitors per day. Congratulations all! This community rules! (268 points, 10 comments)
    3. Disclosure of a Major Bug in CryptoNote-Based Currencies (198 points, 253 comments)
    4. I'm Disappointed (197 points, 278 comments)
    5. Monero Meetup Kit, here we come! (171 points, 21 comments)
    6. Multisig n-1/n Pulled to GitHub for Review (162 points, 33 comments)
    7. Custom Monero Hardware Wallet Updates (136 points, 54 comments)
    8. Put your money where your mouth is (123 points, 74 comments)
    9. An Unofficial Response to "An Empirical Analysis of Linkability in the Monero Blockchain" (122 points, 20 comments)
    10. Update Regarding Minimum Ringsizes (111 points, 75 comments)
  3. 2387 points, 21 submissions: Rehrar
    1. Purism Collaborates with Cryptocurrency Monero to Enable Mobile Payments (330 points, 28 comments)
    2. We up now boiz. (247 points, 74 comments)
    3. New website pretty much done, update in comments. (173 points, 67 comments)
    4. MASSIVE Website Update! (140 points, 52 comments)
    5. Don't like something? Change it. We're not doing something? Do it. Get involved! (139 points, 43 comments)
    6. How to help Monero - Why Monero? (132 points, 16 comments)
    7. ENOUGH with the BTC/BCH debate here! (125 points, 43 comments)
    8. redesign! Please critique and discuss. (111 points, 81 comments)
    9. How to help Monero (part 2.5) - Rethinking Organization (99 points, 6 comments)
    10. Now that we've taken a breather, let's calmly discuss Wikipedia (99 points, 39 comments)
  4. 1979 points, 7 submissions: cslashm
    1. Ledger Hardware Wallet - Monero integration started (392 points, 135 comments)
    2. Ledger Hardware Wallet - Monero integration : some news #4 (384 points, 155 comments)
    3. Ledger Hardware Wallet - Monero integration : some news (289 points, 67 comments)
    4. Ledger Hardware Wallet - Monero integration : some news #3 (270 points, 65 comments)
    5. Ledger Hardware Wallet - Monero integration : some news #2 (231 points, 58 comments)
    6. Ledger Hardware Wallet - Monero integration : some news #5 (213 points, 102 comments)
    7. Ledger Hardware Wallet - Monero integration protocol and application specification (200 points, 108 comments)
  5. 1857 points, 17 submissions: serhack
    1. Hello world! Mastering Monero is coming soon! (270 points, 114 comments)
    2. Purism can accept Monero (220 points, 36 comments)
    3. Monero Integrations Update #8 (145 points, 81 comments)
    4. Monero Integrations Update #11 (124 points, 29 comments)
    5. Monero Integrations Updates #7 (114 points, 49 comments)
    6. Monero Integrations Update 9 (112 points, 33 comments)
    7. Envato accepted Monero WooCommerce Payment Gateway! (105 points, 17 comments)
    8. Wordpress WooCommerce Extension Released (90 points, 40 comments)
    9. Web Integrations Update: First milestone completed (86 points, 25 comments)
    10. Monero Prestashop Payment Gateway by serhack | CodeCanyon (84 points, 18 comments)
  6. 1568 points, 8 submissions: fluffyponyza
    1. Project Coral Reef: furthering mainstream adoption of Monero (756 points, 224 comments)
    2. Addressing the Monero Enterprise Alliance troll video announcement (156 points, 175 comments)
    3. Yesterday we broke 10gbps serving Monero downloads, mostly to the USA, China, Russia, & Germany (155 points, 19 comments)
    4. My wife exercised her creative flair today, and it's amazing (126 points, 23 comments)
    5. Globee's Secret Project Fundraiser / Marketing Opportunity (116 points, 140 comments)
    6. [Funding Required] Shen Noether, for work on RingCT and multisig (yay) (114 points, 39 comments)
    7. Vegas, baby! (BlackHat, DefCon) (76 points, 35 comments)
    8. fluffypony's March Conference Circuit (Mostly Europe) (69 points, 24 comments)
  7. 1526 points, 13 submissions: Bitcoinfriend
    1. Charlie Lee tells Snowden why Monero is better than Zcash (259 points, 48 comments)
    2. Monero (XMR) Rise to the Top: Banking on Privacy (235 points, 26 comments)
    3. Highly Anonymous Cryptocurrency Monero Peeks Out Of The Shadows (141 points, 8 comments)
    4. All You Need to Know About the Monero Cryptocurrency in Six Minutes (139 points, 8 comments)
    5. 40k Subs, Growth Is Noticabley Speeding Up (132 points, 15 comments)
    6. Article About Monero (125 points, 45 comments)
    7. Monero Mentioned In Fortune Article (100 points, 24 comments)
    8. Payza Adds New Cryptocurrencies to Exchange, Including Monero (77 points, 7 comments)
    9. We Just Surpassed Litcoin! (75 points, 22 comments)
    10. Monero Cited 4 times in New Forbes Article (65 points, 23 comments)
  8. 1297 points, 9 submissions: TheFuzzStone
    1. Monero’s Multisignature Implementation Officially Enters Testing Phase (334 points, 38 comments)
    2. A London startup is launching a debit card that lets you spend bitcoin and Monero (284 points, 58 comments)
    3. ┬┴┬┴┤( ͡° ͜ʖ├┬┴┬┴ psst, wanna some mobile wallet? (139 points, 19 comments)
    4. Sup-sup Monteros! One ukrainian exchange want to add Monero! Just put some like under this post. (107 points, 22 comments)
    5. Monerujo update! (100 points, 53 comments)
    6. "Yes, we're almost done with $XMR" (c) Coinomi (97 points, 45 comments)
    7. Happy #hard_fork! (91 points, 37 comments)
    8. News from [Monero_RU Team] (82 points, 8 comments)
    9. News from [Monero_RU] (63 points, 12 comments)
  9. 1256 points, 8 submissions: isrly_eder
    1. Can we take a moment to appreciate the diligence and testing that has gone into our multisig rather than a rushed implementation? (350 points, 63 comments)
    2. It's been 8 months since we lobbied Wikileaks to accept a truly anonymous currency. They accept BTC and LTC and call bitcoin "secure and anonymous" – it's time we let them know they're putting their supporters at risk (246 points, 27 comments)
    3. Can we give a shoutout to Coinhive? They're doing some incredible things to drive monero adoption (159 points, 84 comments)
    4. Reminder that Theresa May and Emanuel Macron want to completely ban end-to-end encryption. It's only a matter of time until they target us (153 points, 51 comments)
    5. More detail on the digital currency panel in U.S. Congress tomorrow, and an introduction to "Safe Harbors" - aka how monero can be regulated without being destroyed (112 points, 32 comments)
    6. [Privacy] Telegram CEO admits that the FBI directly tried to bribe/pressure him. This is why we need decentralization. (110 points, 18 comments)
    7. In 1996, Michael Froomkin wrote an article entitled Flood Control on the Information Ocean: Living With Anonymity, Digital Cash, and Distributed Databases, in which he predicted the issues digital cash would face, and why anonymity is paramount for consumer and constitutional protection (69 points, 9 comments)
    8. Mandatory reading. The corporate data dystopia isn't sci-fi, it's already here. If anyone asks you why monero exists, send them this. (57 points, 4 comments)
  10. 1204 points, 7 submissions: CryptoCurrencyFreak
    1. I wrote this detailed guide on how to buy Monero with fiat. It uses CoinBase and GDAX with minimal fees. Hope it helps! (518 points, 143 comments)
    2. How To Use Monero Anywhere Bitcoin Is Accepted With (162 points, 23 comments)
    3. Snowden: Monero's privacy is primariy protected by the idea of Ring Signatures, which, while a huge step up from Bitcoin, are closer to a mechanism for "plausible deniability" than the true privacy intended by the zero-knowledge proofs used by Zcash. (162 points, 119 comments)
    4. Monero Update Released: Helium Hydra, Point Release 1 (149 points, 18 comments)
    5. I created a site where you can share your own XMR Stak configurations with others. (79 points, 20 comments)
    6. Sells For $43,600 (77 points, 23 comments)
    7. Anyone have any idea why the heavy Monero use in Mexico? (57 points, 42 comments)

Top Commenters

  1. uy88 (4177 points, 1099 comments)
  2. fluffyponyza (3588 points, 479 comments)
  3. dEBRUYNE_1 (3169 points, 859 comments)
  4. gingeropolous (2777 points, 403 comments)
  5. SamsungGalaxyPlayer (2690 points, 318 comments)
  6. snirpie (2360 points, 308 comments)
  7. ferretinjapan (2077 points, 276 comments)
  8. serhack (2062 points, 384 comments)
  9. smooth_xmr (1981 points, 336 comments)
  10. c-789 (1588 points, 184 comments)

Top Submissions

  1. Monero is here. by zigzagzig (816 points, 81 comments)
  2. 'Be Your Own Bank', A Cautionary Tale by taushet (781 points, 250 comments)
  3. Multisignature just got merged! by ErCiccione (757 points, 138 comments)
  4. Project Coral Reef: furthering mainstream adoption of Monero by fluffyponyza (756 points, 224 comments)
  5. "Privacy matters" starter pack by novawind (684 points, 116 comments)
  6. Coinbase hiring developers to work on "any digital currency you'd like". Get hired and get Monero on Coinbase! :) by msloan7 (654 points, 54 comments)
  7. John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero" by ricolah (620 points, 195 comments)
  8. Ledger to have Monero support before end of Q1 - 2018 by marksburgunder (620 points, 67 comments)
  9. Monero is taking off, I'm looking to get IN NOW. by ScourgeDL (561 points, 125 comments)
  10. Had some fun yesterday evening restyling the Monero GUI in a dark theme. What do you think? by knueffelbund (547 points, 57 comments)

Top Comments

  1. 262 points: sorceryofthetesticle's comment in Monero is taking off, I'm looking to get IN NOW.
  2. 252 points: Mineu9999's comment in John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero"
  3. 193 points: CapnFartfaceMcGee's comment in This will make you all laugh
  4. 193 points: john_alan's comment in US Senate Bill to Criminalize Concealed Ownership of Cryptocurrencies
  5. 185 points: mraindeer's comment in John Mcafee on Info Wars - "If Bitcoin does have a serious competitor, it will be Monero"
  6. 181 points: EricMuyser's comment in I've dumped my gold and silver. It's just Monero now.
  7. 173 points: baltsar777's comment in Invested over $1m into Monero
  8. 169 points: thereluctantpoet's comment in 'Be Your Own Bank', A Cautionary Tale
  9. 164 points: ViolentlyPeaceful's comment in Monero Privacy is NOT a crime or something to feel guilty about
  10. 161 points: TinusMars's comment in What are good examples to use when someone assumes Monero's intent is only for 'bad things/people'?
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