Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

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.



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.


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.


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).


latter




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: