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

Post by graton » Mon, Sep 09, 2019, 5:55 PM UTC

hurrdurr2 wrote: post #112

isostatic wrote: post #99

Earlier quoted context omitted.

> how expensive it would be to do it in a normal banking situation No idea about the billionaires, but I can shift £5k from a current account to another current account with another bank for the princely sum of £0.00

Are you talking about wire transfers? In the US both banks would charge a transaction fee.

Post by hoffs » Mon, Sep 09, 2019, 5:56 PM UTC

hurrdurr2 wrote: post #112

isostatic wrote: post #99

Earlier quoted context omitted.

> how expensive it would be to do it in a normal banking situation No idea about the billionaires, but I can shift £5k from a current account to another current account with another bank for the princely sum of £0.00

Are you talking about wire transfers? In the US both banks would charge a transaction fee.

Post by donalhunt » Mon, Sep 09, 2019, 5:56 PM UTC

mlindner wrote: post #90

compiler-guy wrote: post #81

As far as the fees being so cheap, and every one else guessing about how expensive it would be to do it in a normal banking situation, F. Scott Fitzgerald is relevant: "Let me tell you about the very rich. They are different from you and me. They possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is…

Important qualifier on that that's missed for most "the very rich". The "rich" are often quite penny pinchers. My grandfather is "rich" (several millions, and in a very cheap place to live in the midwest) but he lived his entire life being extremely strict on spending and controlled personal finances very carefully. He still complains when there's large money to be spent on something that should be cheap.

Post by AdamGibbins » Mon, Sep 09, 2019, 5:57 PM UTC

donalhunt wrote: post #120

isostatic wrote: post #99

Earlier quoted context omitted.

> how expensive it would be to do it in a normal banking situation No idea about the billionaires, but I can shift £5k from a current account to another current account with another bank for the princely sum of £0.00

Try doing 100K in EUR/USD/GBP... It's likely not free (but probably not outrageous either)... Last time I did something like that the transaction cost was small ( On the flip side, I saw a payment go through for one our suppliers today. $50 invoice. > $25 processing fee because it was a european bank processing a USD transaction. :/

Post by hughw » Mon, Sep 09, 2019, 5:58 PM UTC

whyrusleeping wrote: post #67

shorts_theory wrote: post #47

Earlier quoted context omitted.

This is the part which confuses me about Bitcoin the most. It's meant to be anonymous, yet with some diligent data mining, it can become pretty clear who's who from their spending patterns by observing the ledger. How is that remotely anonymous?

Bitcoin isnt anonymous, and doesn't claim to be. If you want an anonymous currency check out something like Zcash or monero. They use some fancier crypto to obscure transaction inputs and outputs, which gets you a bit farther towards being anonymous.