Topic: This is why bitcoin is unique. - page 4. (Read 759 times)
Beatiful!
And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.
We have seen bitcoin being used to transfer huge amount so this is not the first we have heard about it.
But yes, this is really one advantage of using bitcoin, (pseudo) anonymous movement of your funds and I would say it is quick as well as compare to fiat wherein it would take days before the banks will clear that billions worth of transfer.
But yes, this is really one advantage of using bitcoin, (pseudo) anonymous movement of your funds and I would say it is quick as well as compare to fiat wherein it would take days before the banks will clear that billions worth of transfer.
That is a uniqueness and advantages possessed by bitcoin, transfer of funds with large amounts still requires a very small fee. Banks will not be able to do the same thing as bitcoin.
But despite that there are many advantages and disadvantages that we need to be aware of. but Remember! Bitcoin has a volatile price nature and can change every second and at any time it can occur.
But despite that there are many advantages and disadvantages that we need to be aware of. but Remember! Bitcoin has a volatile price nature and can change every second and at any time it can occur.
Actually this is only one of the advantages of Bitcoin that we can utylize. And that is not only unique, the use as you mentioned is like a very easy and effective way to transfer money without complicated rules and regulation. Moreover, you can transfer money to the other people in the worldwide without any complicated requirement like in banks. It is faster and more efficient.
Although actually the fee of BTC transaction is still high, but it is not kind of huge problems. For, BTC still offers many advantages.
Although actually the fee of BTC transaction is still high, but it is not kind of huge problems. For, BTC still offers many advantages.
Bitcoin has many virtues and we have not yet seen everything. Bitcoin is for everyone. Today I exchanged Bitcoin for FIAT to buy this week's groceries. I have never seen such a large transaction. Thanks for sharing.
Yeah, it's cool, but you can't really advertise Bitcoin with this alone. Just try to tell people on the streets that Bitcoin allows you to move billions without any additional verifications and for low fee - most people will scratch their head and ask "why would I need that? I don't have billions of dollars". So, if you talk about this, it's important to point out that this is an example of censorship resistance and decentralization, and $1 or 1 billion - it's all the same for Bitcoin's protocol.
I'm fairly sure it's possible for billionaires to make 0 fee transfers between banks. That being said, tere are much more interesting features of Bitcoin:
- Its fixed and immutable money supply.
- Its pseudonymity.
- Its censorship resistance. You don't need anyone's permission to participate.
- Its digital, you can theoretically store a wallet in your head.
- etc.
- Its fixed and immutable money supply.
- Its pseudonymity.
- Its censorship resistance. You don't need anyone's permission to participate.
- Its digital, you can theoretically store a wallet in your head.
- etc.
That's the beauty of BTC and other cryptocurrencies. Many huge transfers like this one has been made from some whales addresses without high fees.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.
This is why whales are loving crypto or bitcoin in particular. Aside from ease of transfer from one point to another without trouble, they will pay like a dust of fee. Now, if you will use WU or any other remittance centers or even banks, how many days would it take for you to see that money aside from the supporting documents that you need to give them that you have that kind of money? They will ask a lot of questions and they might even freeze your account if you can't provide the source of that money. Now, many thanks for Satoshi for we have bitcoin to enjoy.
That's the beauty of BTC and other cryptocurrencies. Many huge transfers like this one has been made from some whales addresses without high fees.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.
Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.
Which bank will allow you to do as well?
That is why bitcoin is a great creation.
https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692
Which bank will allow you to do as well?
That is why bitcoin is a great creation.
https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692
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