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94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

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Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#21

Imagine making a typo in the receiving address

Yeah. It seems silly to perform this transaction all at once. The size of this transaction magnifies the consequences of any sort of error and attracts what I'm guessing is very unwanted attention.

If you’re a whale and want to someday liquidate this, ideally at higher value, you want the world to see big things like this. It will remind people that bitcoin network is still very much alive despite the repeated death sentences made by supposed financial experts.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#25
From the top twitter comment: > 0.06BTC in fees? Why so expensive?

Just gotta say, its pretty amazing we live in a world where 1 billion dollars can get transferred pseudo-anonymously in a reasonable time frame, only costing the transfer party $600. As a really stupid, non-real-world comparison, Western Union has a transfer limit of $2500 per transaction, and a $20 fee per transaction. If you were to initiate a $1,000,000,000 transfer it would take something like 400,000 transactions costing you something like $8 million dollars in fees.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#30
post #9

Probably related to Bakkt. The interesting thing here is how inexpensive was the transaction fee. How does banks transfer this kind of sum and how much would it cost?

I would imagine it's free? Probably not free in terms of bureaucratic overhead, but I would imagine most the overhead applies here as well.
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