Topic: $300 million transferred for 4 cents in fees! - page 3. (Read 1126 times)
what do you generally go to Socratus
Have a look at this transaction: https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
these are some of the few beauty of crypto, Time constraint (Speed) and low transactions fee which you can get while using the traditional banks $300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
This is what I like in crypto and blockchain. You can send any amount to anyone in any country at any time and the fee will remain same plus the transaction takes place rapidly and you can actually trace whether it has happened or not. This is the future 
Yes, I think this is a very good feature. A lot of politicians like to talk about the dark markets and illegal activity undertaken via BTC, but the transparency of the transaction is a very good thing.
Where're the Bch advocates saying btc will die due to fees, seems like the people who complained about fees have suddenly disappeared lol. This is the power of bitcoins and this is what makes it such a popular option for all to invest and trade into it. I'm though surprised 4 cents at least 40 cents would have been nice lol. Looks like btc is back in action lol.
Lol. They can't complained right now because they are also affected by this bloodbath as well. They attacked bitcoin at all side and trying to pull it down, however they didn't realized that they will also got the same or even worst treatment because investors decided to stay away from crypto today.
But its just amazing to see millions of dollars being transferred so quick and without any hassle. And yes, bitcoin is back as the transaction fee's is quite cheap in the last couple of months and this example really shows the advantages of using bitcoin to move money so quick and seamless.
And I still see people complaining about having to pay too much fees. You can check the Bitcoin Technical Support board to see some examples.
Probably people who are using a wallet that incorrectly calculates the best fees or exchanges that are charging additional transaction fees.
Probably people who are using a wallet that incorrectly calculates the best fees or exchanges that are charging additional transaction fees.
Those people aren't transferring 300 mill.
Mostly people that do micro transactions are the ones complaining.
The low cost of transactions, that's why bitcoin will never die. And now imagine how much the transaction will cost by bank transfers.
Is a very good thing to see that huge amount of money in bitcoin can be transferred with just little transactions fees, and that is a good development compared to what we use to have some time ago when the transactions fees was almost higher then the amount to be transferred.
Where're the Bch advocates saying btc will die due to fees, seems like the people who complained about fees have suddenly disappeared lol.
Mate they are busy somewhere in Africa spreading love and giving foods to the less fortunate kids there or let's say exploiting kids for BCH? https://twitter.com/eatBCH_SS/status/1002630223924359168
I don't know if that twitter owner is associated with them but it promotes BCH and there are questions raised about it.
If bitcoin is doing great, let's expect them to fade....
And this is one of the many reasons Cryptocurrencies are superior.
crypto has a market and many fans. and we are also among the millions who are active in the crypto market, is that enough? I do not think so. we should be more than this. the world must actually use cryptocurrency as an essential tool of necessity. like eating and drinking!
Where're the Bch advocates saying btc will die due to fees, seems like the people who complained about fees have suddenly disappeared lol. This is the power of bitcoins and this is what makes it such a popular option for all to invest and trade into it. I'm though surprised 4 cents at least 40 cents would have been nice lol. Looks like btc is back in action lol.
They are probably too busy setting up another scam website or telling newbies that don't know better that Bitcoin Trash is "the real Bitcoin".
Yikes that sounds like a nightmare trying to transfer that much money in one go in traditional ways. Can't even imagine how hard that would be with how much paperwork, you're right. Also, there is literally no possible way they can compete with 4 cents a transaction, and also how fast it was transferred. It might even be transferred to a part of the world that doesn't have banks.
Have a look at this transaction: https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
Wow, 300 million USD with fee 4 cents
very good result for Bitcoin network! 3 sat/B, 0.75 sat/WUAmount is very huge.
Have a look at this transaction: https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
Quote
Estimated BTC Transacted 0.1 BTC
Was it really 300 million USD? Or just 630 USD? The estimated transacted was just 0.1 BTC and the rest returned to the owner. Anyways as long as the mempool is not congested, you can send any amount with just small miner fees.
Well that's one of the many advantage of using bitcoin or other cryptocurrency.We can manage our money without paying additional third party fees.BUt not all people believe in this system yet,i hope they will realize the advantage of using crypto and start to join.
Where're the Bch advocates saying btc will die due to fees, seems like the people who complained about fees have suddenly disappeared lol. This is the power of bitcoins and this is what makes it such a popular option for all to invest and trade into it. I'm though surprised 4 cents at least 40 cents would have been nice lol. Looks like btc is back in action lol.
I like the way how cryptocurrencies lessen the hassles and the transaction fees.
It is amazing and it is super easy! Very few people in the world scale realize this and admire the power of crypto.
Wow, can't seems to believe this, but it did actually happened, boy fiat will soon be a legacy medium of international money transfer system, this actually has allayed my uncertainty about transaction fee. Exchanges that charge high will have to repent and allow users to set their withdrawal fess.
Have a look at this transaction: https://www.blockchain.com/btc/tx/39afcad6c4d0713ed291014315c4dcf2d81334275218c28fd354af45b7395c61.
$300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
I am sure that one will be paying more than $ 50,000 in fees alone when they are transferring this amount of money using Bank services. $300 million transferred, fees of $0.04, confirmation in 4 minutes.
Now imagine the hoops you would have to jump through to transfer $300 million in fiat, the days of delays, the fees, the people you would have to discuss it with first, etc.
Approximately 300 millions worth of bitcoins have been transferred for a fees of 0.04 USD only ! Still people complains about the transfer fees. This need to be corrected.
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