$82,982,977 USD: $ 0.04 Transaction Fee

stonogo wrote: post #3

greenleafjacob wrote: post #2

If it was a credit card transaction, it'd be 2,406,506.

If it were a credit card transaction, money would have changed hands.

Care to elaborate?

Re: $82,982,977 USD: $ 0.04 Transaction Fee

#6

Post by murbard2 » Wed, Dec 03, 2014, 3:58 PM UTC

stonogo wrote: post #3

greenleafjacob wrote: post #2

If it was a credit card transaction, it'd be 2,406,506.

If it were a credit card transaction, money would have changed hands.

Probably not, it would have likely been netted between the banks without requirement a settlement.

Re: $82,982,977 USD: $ 0.04 Transaction Fee

#7

Post by thisjepisje » Wed, Dec 03, 2014, 3:58 PM UTC

bhouston wrote: post #4

Who has $82M in Bitcoins?

Lots of early adopters (used to) have thousands of btc.

Re: $82,982,977 USD: $ 0.04 Transaction Fee

#8

Post by Tech1 » Wed, Dec 03, 2014, 4:02 PM UTC

Any guesses if this is related to the Silk Road coins the feds auctioned off not too long ago? Or the even more recent second auction?

Re: $82,982,977 USD: $ 0.04 Transaction Fee

#9

Post by vectorpush » Wed, Dec 03, 2014, 4:02 PM UTC

I hope that the recipient intends to use those funds on the darknet or overstock.com, otherwise the fees for converting even a fraction of that sum into usable money will greatly exceed $0.04.

Re: $82,982,977 USD: $ 0.04 Transaction Fee

#10

Post by ryanthejuggler » Wed, Dec 03, 2014, 4:03 PM UTC

thisjepisje wrote: post #5

stonogo wrote: post #3

Earlier quoted context omitted.

If it were a credit card transaction, money would have changed hands.

Care to elaborate?

The implication is that Bitcoin isn't "real" money.

Never mind that money is a social construct and is useful whenever two parties agree on a common value.