Presenting The BitKillers: These Are The Richest Holders Of Bitcoin

Tyler Durden's picture

The top holder of Bitcoins is the unlikely named 1933phfhK3ZgFQNLGSDXvqCn32k2buXY8a with 111,111 units of the crypto-currency (up from 40,000 units in the summer of 2011) for a total value over $110 million. Perhaps most interesting is these 100 Bitcoin holders represent over 20% of the entire outstanding amount of the alternative currency.

 

The following 100 Holders represent 2.23 million Bitcoins of the 11.12 million total oustanding currently...

(click image for full list)

 

and the Number 1 Holder has been adding (though hasn't added since Feb 2013...)

 

And the concentration of Bitcoins has fallen from its early incarnation highs but has been static for recent months...

 

Source: BitcoinRichList

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Dear Infinity's picture

Wouldn't it be nice if the gubbmint had this level of transparency? For you gamblers / BTC holders, it might make sense to convert some into silver or gold given the ridiculous discounts we are seeing...

willwork4food's picture

Absolutely agree. Trading FX with anything is high risk. I have my company accepting BtC's that will be automatically switched out to USD.

nope-1004's picture

calling fone......

Get back to your CIA cubicle and pump BTC to the lemmings....

 

Looks like a totally normal market to me, seeing as NOT ONE of those individuals bought after May 2013.

Some serious fleecing coming.

Bay of Pigs's picture

"The following 100 Holders represent 2.23 million Bitcoins of the 11.12 million total oustanding currently..."

And this is decentralized?  This BTC mania gets weirder and stranger by the day.

Harbanger's picture

The Worlds Central Bankers aren't stacking Bitcoins, bitcherrrs.  Play while it lasts and transfer those profits into what they're stacking.  That's if you're smart and savvy enough to pull it off. :)

CH1's picture

And the big holders will soon enough buy stuff with it, spreading the holdings and juicing the market.

That's supposed to be a "killer"?

The BTC haters really need to let it go. You've been handed a Fed-killer tool, and you're doing your very best to break it.

Makes one wonder how serious you ever were.

nope-1004's picture

Depends if you truly believe it was created by some anonymous do-gooder.  I happen to believe it was created by some gov't agency, or central bank, because nothing makes more sense to monitor your every transaction and syphon every tax dollar than to have you 100% transact and hold in a digital currency.

Just what I believe.  Look at SLV and GLD.  They're total replicas of the real thing created only to control price by subversive and illicit means.  Is BTC any different?  Time will tell.

 

 

knukles's picture

You people watch!
Mark my words
Them hypocrites in DC gonna see this and say there's too much concentration of wealth in the upper 1% and it's got to be redistributed.

What about that other 1%, Lloyd, Jamie.
Guys?

<crickets>

DoChenRollingBearing's picture

Bearing Dude may have gotten in near the top (average buy-in costs approx. $700), but I'm a big boy educating myself.

That is pretty concentrated ownership, but I do not think it would be concentrated enough to "break Bitcoin", which they clearly would not want to do.

*** 

And Biggest P.O.S. on Planet Earth Jon Corzine (TM)?  Why TF is he not in jail yet?

FEDbuster's picture

The guy with 100K+ bitcoins was on Max Keiser's show this past week (if you believe him).  Go to the second half of the show to see the interview:

http://www.youtube.com/watch?v=V8_HT8zfc78

The Thunder Child's picture

Bitcoins were the first implimentation of a crypto-currency which has flaws and is in a massive bubble.....Litecoin fixed many of the flaws of Bitcoin and is fare value and QuarkCoins on the other hand has fixed all those flaws and is still dirt cheap and minable.

* Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random hashing function.
* CPU mining (no GPU Asics BS)
* Quick block generation: 30 seconds (Don't have to wait 15 minutes for your transaction to approve)
* 2048 QRK per block (halving every 60480 blocks ~ 3 weeks)
* Block reward will never drop below 1 QRK
* Total of 247 million QRK will be mined in ~ 6 months, after that ~ 1 million QRK p.a. (~ 0.5% p.a inflation)
* Difficulty retargets every 20 blocks (maximum 10% up or 50% down)

Decided to throw $100 the other day after reviewing the specs and throw a couple of miners into a pool....no I am not a huge fan of crypto currencies and no I will never take the money that I am going to spend on PMs and put it into this.

It's like going to the horse races man!

$100 on Quarkcoin bichez!!!

https://www.cryptsy.com/markets/view/71

P.S. Fonestar can suck a dick!

fonzannoon's picture

Hey thunder....Quarkcoin? Shit....I thought I was ahead of the game with litecoin...

fuck me dude.

The Thunder Child's picture

Hahaha Hey fonz!!!

You can always swap in a bit of your Litecoin for Quarkcoin at cryptsy, I figure Quarkcoin has the best upside and stats at this point......or they could all turn to shit and I'll be out $100.

Skateboarder's picture

You're tempting me to go to the races with a hundo...

Skateboarder's picture

The only reason why I would even remotely consider this is because I know that people are just catching on to this virtual currency business, and as bitcoin and litecoin get saturated, even weirdo names like quarkcoin will have a chance to make their IPOs, if you may. Let's ride the wave dawg.

edit: this entertainment hundo would have gone to beer and weed anyway hehe. Might as well gamble with it.

fonzannoon's picture

fair enough. May as well have some fun. Take a break from the usual bs.

AldousHuxley's picture

This what it must have felt like at the Fed in the early days......

The Thunder Child's picture

Yup that's all it is to me, a quick gamble...might as well pick a long shot with good breeding.

Edit: soon as my next paycheque comes in I'm still going taking my monthly boat trip

Skateboarder's picture

I am definitely trying to buy while it is sub-20 also. These prices aren't industry sustainable - we're gonna see some adjustments as the paper markets fold in time.

Rock On Roger's picture

Beer and weed have real value.

 

 

Stack On

Bay of Pigs's picture

None of these BTC supporters even addressed the thread topic (concentration and lack of decentralization). I wonder why?

ZH tries to be fair I guess, but I'm fast losing interest in following this shit anymore.

fonestar's picture

What didn't we address?  There's lots of companies out there that have more centralized "ownership" than Bitcoin.

Race Car Driver's picture

> What didn't we address?

Who the fuck is 'we', shill? What dept.gov do you work for?

Ayr Rand's picture

Bitcoin is the perfect currency -- for the state. Every transaction is documented forever in a distributed database, with complete traceability for anybody with a sufficiently large database and access to records of all other monetary transactions leading up to and from the bitcoin transactions. And invented in a series of papers on cryptographic digital currencies in the mid 1990's by, you guessed it, NSA. Quite brilliant. And very ironic for the fools who think Bitcoin actually gives them anonymity when it was designed for the opposite. LOL

Skateboarder's picture

Anyone who thinks this is 'real' is a friggin retard and deserves a supersized dunce cap.

Sean7k's picture

You're comparing your opinion to a published MIT study? Really?

Skateboarder's picture

I was talking about the bitcoin bubble, not your link. Can clearly see why you thought the other way though.

Come on man, we all know the cannabis forums contain some enlightened shit.

Sean7k's picture

It did cause me to doubt. Happy turkey day.

fonestar's picture

What a load of crap.  I'd far rather trust Bitcoin with it's proven SHA-256 even if Litecoin does offer some speed over Bitcoin it offers little else in terms of features or functionality.

nmewn's picture

Features & functionality of course meaning, something other than calling it money.

Unless you've finally worked out both those rather obvious (but in your mind "transient" issues) like being able to hand either BitCoin or LiteCoin to a wino on the street corner it remains a speculation, only usable to a certain class of people who can AFFORD TO USE IT.

As I often remind people, real money does not rely on anything outside of itself to be money. Its the same reason we hate the Fed & central governments for destroying its value as payment for our labor while enriching the top few isn't it?

Bendromeda Strain's picture

Happy Thanksgiving to you and your'n

nmewn's picture

Same to you & yours Ben...I already broke into the apple pie ;-)

Wilderman's picture

When I hear about the BTC ETF I'll know it's time to sell

TheHound73's picture

EXANTE fund platform. Year-to-date return of 4,847%.

Newer BIT Bitcoin Investment Trust. Up 617.8% since inception.

Selling now?  Give me a heads up which exchange you're dumping on, please..

Bay of Pigs's picture

Hey 16 week ZH troll, how's she going?

TheHound73's picture

Things are looking up. Thanks for asking.

ich1baN's picture

I've got 125 GLD coins bitchez! 100 GLD coins is worth about 6$ at current bitcoin prices.

fonestar's picture

The fools on this forum make me laugh.  Bitcoin couldn't possibly be rising due to massive demand?  No, it must be some conspiracy!!! 

ROFL  losers

Being Free's picture

Hmmm, I'll buy a July '14 $20 Put if you're selling.

Never One Roach's picture

"If you like your Bitcoin, you can keep your Bitcoin."

Kirk2NCC1701's picture

Bernanke:  "If you like my fiat FRNs you can keep them.  I got moar where that came from."  [pauses, then adds] 

"In fact, I make $100B/mo more, with a few keystrokes, just to make people happier.  And I made PM more affordable for the masses, by helping to beat down its ridiculous price from the $1800 level. So sorry for ending your front-running of QE with gold by a small group of zealots.  Now almost everyone can afford to buy it, around $1200.  Don't worry, I'll keep it near that level, so you too can buy it.  Do I make you happy?  All I want to do is to make you happy.""

seek's picture

How many and what price? I might be game for that.

OpenThePodBayDoorHAL's picture

Oops, the premise of this article is incorrect. These are the largest addresses (accounts, to use dino-money term). These might be exchanges, funds, or individuals. But account owners might have many of these. Supposedly the largest single holder has >100,000 coins.

Ayr Rand's picture

Bitcoin is the perfect currency -- for the state. Every transaction is documented forever in a distributed database, with complete traceability for anybody with a sufficiently large database and access to records of all other monetary transactions leading up to and from the bitcoin transactions. And invented in a series of papers on cryptographic digital currencies in the mid 1990's by, you guessed it, NSA. Quite brilliant. And very ironic for the fools who think Bitcoin actually gives them anonymity when it was designed for the opposite. LOL

Bendromeda Strain's picture

These might be exchanges, funds, or individuals.

With "last transaction dates" that stale? With this much current action? You wanna try again?

 

 

zerotohero's picture

We all have different paths - lets all see where this goes and then we can call each other names.