transactions – Is there any way to track an individual bitcoin (or satoshi)?

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I’ve been playing with Gavin’s “bitcointools” (again) to track what happened to the famous “pizza” Bitcoins.

It turns out that rather than being rare collector’s items, the 10,000 BTC exchanged for two pizzas have spread out to over a million different Bitcoin addresses since buying the pizzas, not counting the dilute fragments that ended up in transaction fees.

As of block 166149, on Feb 10th 2012, 1,037,382 addresses have held the pizza coins since they were spent. 174,584 of those still hold pizza coins (the others may or may not be empty addresses, since it’s possible to have two different transactions output to the same address without the coins becoming mixed together. In other words it’s possible to have “pizza coins” and “non pizza coins” in the same address and still be able to tell which are which. Of the approximately 600k addresses which are currently holding funds, around 29% of them contain pizza coins.

The shortest chain of transactions from the pizza purchase to currently held pizza coins has length 9, and the longest has length 6,723.

There is no currently unredeemed output which contains 100% pure pizza coins. All the pizza coins have been diluted somewhat with other coins. The purest remaining are these 100 BTC which are 90.7276% pure pizza coin, and just 11 transactions separated from the pizza transaction. (The most recent 9 transactions each only have 1 input, so it’s easy to follow it back that far. In the next transaction back the pizza coins came from both the last but one input, worth 4223 BTC, and 5th from last input, worth 5777. Together those 2 inputs make up the full 100% pure 10k BTC pizza coins. The other inputs in this big transaction, worth 1022 BTC in total are the only non pizza coins introduced. 10000 * 100 / 11022 = 90.7276%, the purity).

I also checked my wallet to see if I was holding any pizza coins. 8 of my addresses are holding pizza coins, but very diluted. My ‘strongest’ has a purity of 1.1760%, and is a tiny withdrawal I made from MtGox in October 2011.

Finally, here’s some data showing the month-by-month spread of the pizza coins:

pizza payment of 10000.00000000 BTC to 17SkEw2md5avVNyYgj6RiXuQKNwkXaxFyQ
is in block 57043

-block  --date--  --total--   ---used--%total-   -active---%total---%used-
 58815  May 2010          4         2 (50.00%)         4  100.00%  200.00%
 63561  Jun 2010          4         2 (50.00%)         0    0.00%    0.00%
 71436  Jul 2010         26         8 (30.77%)        24   92.31%  300.00%
 77452  Aug 2010         34        10 (29.41%)        13   38.24%  130.00%
 82997  Sep 2010        138        37 (26.81%)       106   76.81%  286.49%
 88892  Oct 2010      2,016       265 (13.14%)     1,898   94.15%  716.23%
 94801  Nov 2010      6,295       577 ( 9.17%)     4,428   70.34%  767.42%
100409  Dec 2010      7,510       835 (11.12%)     1,464   19.49%  175.33%

-block  --date--  --total--   ---used--%total-   -active---%total---%used-
105570  Jan 2011     13,271     1,540 (11.60%)     6,150   46.34%  399.35%
111136  Feb 2011     19,055     2,632 (13.81%)     6,423   33.71%  244.03%
116038  Mar 2011     42,027     5,605 (13.34%)    24,341   57.92%  434.27%
121126  Apr 2011     69,544     9,085 (13.06%)    29,727   42.75%  327.21%
127865  May 2011    123,997    26,032 (20.99%)    57,911   46.70%  222.46%
134121  Jun 2011    249,138    54,047 (21.69%)   132,348   53.12%  244.88%
139035  Jul 2011    382,845    93,928 (24.53%)   146,156   38.18%  155.60%
143408  Aug 2011    494,140   108,340 (21.92%)   126,134   25.53%  116.42%
147565  Sep 2011    589,942   119,491 (20.25%)   111,178   18.85%   93.04%
151314  Oct 2011    680,787   131,370 (19.30%)   105,320   15.47%   80.17%
155451  Nov 2011    780,292   142,302 (18.24%)   114,013   14.61%   80.12%
160036  Dec 2011    885,172   156,321 (17.66%)   120,631   13.63%   77.17%

-block  --date--  --total--   ---used--%total-   -active---%total---%used-
164780  Jan 2012    998,087   170,082 (17.04%)   136,985   13.72%   80.54%

166149  Feb 2012  1,037,382   174,584 (16.83%)    54,346    5.24%   31.13%

Edit: I just found these 100% pure allinvain coins – undiluted after 24 hops from when 25k BTC was stolen from his computer.

Edit 2: I don’t mean to imply that the allinvain coins haven’t been thoroughly looted. They have touched 755,796 different addresses since being stolen and are currently sitting in 109,235 different addresses, including 8 from my own personal wallet. The exact same 8 as have pizza coins in them, it turns out.

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