This is why bitcoin is unique.

[hahay]

Extraordinary indeed, that is what makes me wonder when there are still people who are concerned about fees when fees might increase due to unstable market behavior, and even when I don't have a lot of bitcoin in my wallet and at the same time fees increase, I still don't mind about fees which are increasing or are only slightly increasing than usual. So I think it doesn't matter as long as the transaction process is safe and quickly resolved so that's something to be proud of from bitcoin and its technology.

[Jawhead999]

Indeed, bitcoin is unique since bitcoin is lower fees than other. Also bitcoin is decentralized and don't use third party from the transaction. And then the supply is limited, only 21 milions bitcoin in worldwide.

This is the basic understanding why bitcoin is unique and valuable. I really interested about bitcoin because from that's point.

[Arkann]

It seems to me that if the problem of scalability of bitcoin is solved, then this cryptocurrency will be indispensable for the entire cryptocurrency market as a means of payment, a valuable asset for investments and international currency for international trade.  In addition, it is very important that when using Bitcoin, no one can abuse it like governments do by printing new money.  Perhaps one of the most important values ​​of bitcoin is its limited amount.

[Youghoor]

I can imagine the transaction fee that would have come along with this transaction if it had been done in fiat currency. Ever since I got to know about cryptocurrencies I just realized that fiat is a failure to enhance easy transactions among people. This transaction would have taken a week or more for any bank to process especially if he was saving with them.

[Utoy101]

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

The decentralization and flexibility that comes with the usage of cryptocurrency is sweet. The core features of bitcoin is breaking the long chain of intermediaries involved in the traditional financial system and i can tell you that thia transaction as well as other ones done in the past has seen to the achivement of that goal. If you're to make such a huge transaction thorough the FIAT and the traditional system, you'll have to pass through lots of legal intermediaries and third-party and i guess that's what makes it more secure than the cryptocurrency and other decentralized digital currency. Every advantage and flexibility comes with a price and i think the price paid by cryptocurrency is security as you can just wake and see that biilion dollar turn to few millions as well the wallet/exchange can get compromised leading to loss of such a big amount of money

[FlightyPouch]

There are a lot of transfers in the past that is already this much and this is the reason why bitcoin is the best when it comes to global transfers and other transactions. We can't stop people from criticizing it but let them be, as people grew fond of bitcoin, people are opening themselves into accepting it and using it as such. As that continues more business groups, companies and even small businesses would consider to accept and use it.

[CryptopreneurBrainboss]

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.

Low fees isn't the feature that makes bitcoin special neither is the rate (speed) at which this transactions are been process. One can easily create a zero fee digital currency with the speed of transaction 10x times better than that of bitcoin but still won't new able to outshine bitcoin because if the uniqueness of the cryptocurrency.

Bitcoin's decentralized operation in a peer2peer system is what makes it special. The fact that you can transfer the billions highlighted in the OP yet stay anonymous without needing any third-party to process the transaction but do it yourself right from the comfort of your phone/laptop (home) is what makes bitcoin special.

[Reatim]

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

And this is what people should learn specially those Constantly using banks for their transactions.If they will only learn about this great benefits i am sure transferring here is what they will do instantly.

Imagine 7cents/for 10 digits transfer?amazing lol (how i wish one day i will have same transfer   )

Bitcoin is one of the best cryptos in the world. Yes, lower transfer cost is one of the features of Bitcoin but there are more other advantages of it. That's why it is unique.

Not one of the best crypto but The Best Crypto In the World

[witcher_sense]

It seems to me that if the problem of scalability of bitcoin is solved, then this cryptocurrency will be indispensable for the entire cryptocurrency market as a means of payment, a valuable asset for investments and international currency for international trade.  In addition, it is very important that when using Bitcoin, no one can abuse it like governments do by printing new money.  Perhaps one of the most important values ​​of bitcoin is its limited amount.

I doubt that "the problem of scalability of bitcoin" will ever be solved. The core protocol should remain unchanged so that the level of security it provides wouldn't fall significantly. The core blockchain of bitcoin is not suitable for everyday payments, but it's perfect for storing a value. When one use any asset as store of value, this asset is not moving whatsoever. Basically, bitcoin transactions will be used as final settlements like it's happening now in Lightning Network. Eventually, fees will be higher because most of everyday transactions will propagate off chain, but final settlements and rare movings of value should serve as incentive for miners.

[AniviaBtc]

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.

That's not how advertisement works, the way you advertise it is very literal and people are really not that knowledgeable and have no idea on bitcoin. We can use billboard to advertise it in roads, we can create seminars for those who are interested to have a big income or profit. People nowadays are still ignorant about the benefits of bitcoin in their community, they are not seeking some information on how it works so that they can also experience manipulating it to have an income. I know it is not hard to push bitcoin into mass adoption but that what makes bitcoin unique, it can move huge amount of money easily without any hassle. People also need to understand and go with the flow with the bitcoin protocol.

[lixer]

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

Yup, that's one thing that's unique with cryptocurrency when compared with other payment methods we have. Other payment methods always have a limit to how much you can send at a time and receive. If it's in the bank that you try to make a transfer of 1 billion USD, you will have a lot of questions to answer and papers to fill out and I believe the fees will be high. And you can't make such a transaction with PayPal, and no other transaction methods can help you do this.

But with Bitcoin, nobody tells you what to do, you're the boss and you have complete control over your money, you say how much goes in and out.

[Onuohakk]

That's the main reason why crypto remains the king of all banks. Her transactions doesn't requires much protocol before delivering. You can run your millions dollars transactions at your leisure period without involving anybody.

[finaleshot2016]

It's really a unique feature of bitcoin, whales can move around and freely in the ocean without any hindrances.

Transactions don't need any requirements, which means even you're transferring a million worth of money, it's not a big deal.

That's why people are still using and having faith in bitcoin, much essential than banks.

[kceekcee]

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

Lemme start by saying that 0.7 cents transfer fee is for a high gwei; it could be sent for just 0.3 cents.

Bitcoin is a perfect example for digital payment : quick fast concise and does not need any documentation.

[Sebas.tian]

Awesomely awesome, what I really saw that prompted me to joined the cryptocurrency community was the charging fees which has generated much reactions. The higher the amount been transfer the lesser the amount charge for transactions. This actually made the Bitcoin a unique technology among all other financial institutions across the globe. Hope to see more lesser fees for the lower transactions too.

[bitcoinst]

Of course, such small transfer fees are one of the main advantages for Bitcoin. The wider the possibilities for exchanging bitcoin in the future, the wider it will be distributed among the general population.
After all, transfers are made by almost all people, and as a rule through banks, there are essentially no alternatives, only payment systems. Nevertheless, everywhere you have to pay a fee.

[verita1]

A transaction like that in a bank in my country. The bank puts the magnifying glass on the customer. We have many limits to withdraw and there is where the problem originates, in addition to high commissions.

[Debonaire217]

I saw it in cointelegraph, I don't know if I should believe this but this even is actually a breakthrough for me that cryptocurrency especially bitcoin is a new revolution and should not be considered an "Alternative" payment method but should be universal currency for transactions.

Usually, payment fees are high considering the distance where a transaction will be processed but with a huge amount of money, this is indeed something to look forward for a person who uses traditional mode of payment.

I just don't understand why we need to consider network congestion in transaction, sometimes fees are high, sometimes low. If it will be fixed, an assurance of more transaction will happen.

[dothebeats]

I’m pretty sure banks can facilitate special ‘deals’ for high-volume customers in their platforms, but even those require money to get done. Bitcoin eliminates the need for paying such high fees to the third-party and just process the transaction regardless of the amount and who sent what. One of the most beautiful merit of bitcoin that has always been overlooked by many thinking that any other money transfer services can do the same.

[jhonjhon]

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

It saves a lot than doing a fiat transfer and it makes sense at all so people could appreciate it.
A good creation will have a good result also but somehow especially some government authorities never give that consideration instead of looking for a negative result. I know there is nothing wrong with that but it only gives a reason for them to close their mind and out from welcoming new opportunities that Bitcoin can do and make it better.