06 Jan '13, 12pm

Plane with 1.5 ton gold held in Turkey #bitcoin

Quote from: beekeeper on Today at 12:51:12 PM There is only 100 million BTC worth produced so far, hard to get 80 million overnight.. It wouldn't surprise me if some of these countries with trade/banking embargoes are using Bitcoin, but for transactions of smaller amounts (i.e. amounts significantly lower than the current market capitalization). Spreading a $1million transaction out over a few of days wouldn't look wayward on the BTC price charts, especially if the sender was to also spread the coin buying out across multiple exchanges. Maybe it might account for the consistent daily transfer of several million dollars using Bitcoin that we've been seeing for many months now. I can't think of any feasible way of accounting for it within the trading volumes of the merchants who accept BTC, either now or in the past months that these volumes have been going over the network.

Full article: https://bitcointalk.org/index.php?topic=135027

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