$300 million transferred for 4 cents in fees!

[MI6]

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.

when good news come, people will support this. but the problem come when bitcoin have delay problem and high fees in past. some people have been pessimistic about bitcoin as a payment because of some of these problems. that it what need to solved

[KonstantinosM]

These are the kind of demonstrated facts that make r/buttcoin cry at night.

[jeffer8035]

and cheap charging the rate 4 cents if and less cumbersome and hard 4 minutes the truth that the bitcoin is spectacular and easy to use and safe because to move 300 million without anything and one can review it in the chain of blocks and is Anonymous in the banks are scandalized as they ask questions they put travas they charge a fortune they ask permission to the government to the owner of the bank durraria if it achieves it like 2 weeks or more so that they approve it while bitcoin fast and simple and totally safe to yegado to change the world and facilitate their transactions without borders without limits

[SamarasLoch]

The innovation of bitcoin exposed all the deficiencies of the traditional banking systems. The above transaction was a huge one, yet it cost near nothing and takes little or no stress to be received on the other end. Bitcoin is definitely the future and it will be a disruptive force to transitional banking systems.

[batang_bitcoin]

This is a good read for those people who keep on saying and whining that transfer fees are the biggest problem of bitcoin.

And also another thing for the confirmation delay.

This is another great milestone for bitcoin, truly proven that it can be called as something cheap in transfers.

[Yarsk]

Yes the present low fee is some thing to be happy for compared to what we use to have in late last year and early this year. The amount that can easily be transferred with bitcoin from the comfort of you location can not be compare with the huddle one go through using the traditional financial system. Bitcoin have given us the total freedom.

[nhoj25]

very impressive. i cat imagine within few minutes you can send million dollars plus lower fees!!! this is the real advantage of blockchain over standard Fiat banks.

[sunlitit654]

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.

[joebrook]

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.

[Betty10]

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.  

[Snakerist]

It is amazing and it is super easy! Very few people in the world scale realize this and admire the power of crypto.

[isabuhay]

I like the way how cryptocurrencies lessen the hassles and the transaction fees.

[Juggy777]

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.

[LodisMcguire]

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.

[zenrol28]

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.

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.

[MrCrank]

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.

Wow, 300 million USD with fee 4 cents very good result for Bitcoin network! 3 sat/B, 0.75 sat/WU
Amount is very huge.

[WaffleMaster]

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.

[o_e_l_e_o]

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".

[Abete]

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!

[blockman]

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....