$80,000,000 dollar transaction just hit blockchain!

[peligro]

I think this is where Bitcoin shines. It's nearly feeless when it comes to huge transactions, but for small ones, you do pay high TX fees.

Support the rich and rob the poor. Not one of the finest moments for Bitcoin.

[turvarya]

I think this is where Bitcoin shines. It's nearly feeless when it comes to huge transactions, but for small ones, you do pay high TX fees.

Support the rich and rob the poor. Not one of the finest moments for Bitcoin.

Low fees are for both rich and poor. Nobody gets robbed.
It is not bad, just because we don't exclude the rich from using it. That is really some fucked up logic.

[mindrust]

What is the big fuss about that?

It is just a number with 1-2-3-... 8digits.

[canary]

https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

I would bet it is one of the exchanges moving the funds from one address to another. Nothing exciting about this.

Yes that's for sure; but it's still a huge transaction with BTC.

[Q7]

I just checked the price on coinmarketcap and it is still at around the same level days ago. If the guy bought btc from open market, that would translate to price jump but no... so probably my guess is some early adopters moving around or consolidating the btc to their own new account perhaps?

[Velkro]

Hail to the power of Bitcoin.
World need to know how awesome Bitcoin is, how easy it is to use and without borders.

Please World, adopt Bitcoin everywhere! World will be better place

[Soros Shorts]

I think this is where Bitcoin shines. It's nearly feeless when it comes to huge transactions, but for small ones, you do pay high TX fees.

Support the rich and rob the poor. Not one of the finest moments for Bitcoin.

What's your problem? Mailing a $5 billion check costs the same in postage as mailing a $5 check.

[acquafredda]

at least in this case I vote for fees. Let's think about miners1

0.0001BTC is really low compared to paypal, mastercard, visa, banks fees and charges.

Don't you think?

[mullvads]

at least in this case I vote for fees. Let's think about miners1

0.0001BTC is really low compared to paypal, mastercard, visa, banks fees and charges.

Don't you think?

I agree

[turvarya]

at least in this case I vote for fees. Let's think about miners1

0.0001BTC is really low compared to paypal, mastercard, visa, banks fees and charges.

Don't you think?

In my opinion fees should just decide how fast a transaction gets processed.

[CrackedLogic]

This is why I see bitcoin the payment method of the future.

[Febo]

This is why I see bitcoin the payment method of the future.

Yes bagholders will for sure use it. No doubt.

[cellard]

Pretty damn scary. Imagine the adrenaline high of moving 80 milli like its nothing.

[KIRAZ]

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

[turvarya]

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

Maybe the just wanted to settle a new record.
I think, the biggest transaction so far was 100,000 BTC, but that was when BTC-price was much lower.

[Lauda]

https://blockchain.info/tx/8f1d3a8ef6b2d4a25d2f499279e01518b4770819ccbc39a765c4c326170c61b3

I would bet it is one of the exchanges moving the funds from one address to another. Nothing exciting about this.

That doesn't matter.
What matters is how much this transaction costed. Try moving $80M dollars and see how much that would cost (outside of the Bitcoin system).

[redsn0w]

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

Maybe the just wanted to settle a new record.
I think, the biggest transaction so far was 100,000 BTC, but that was when BTC-price was much lower.

No you're wrong  , check this  TX:

https://blockchain.info/it/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

[acquafredda]

outside the bitcoin system is something that just multinationals, governments and so forth can do.

That's really unbelievable.

But, in a way, it just represents our monetary system: in the end those are numbers on a pc!

[CrackedLogic]

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

Maybe the just wanted to settle a new record.
I think, the biggest transaction so far was 100,000 BTC, but that was when BTC-price was much lower.

No you're wrong  , check this  TX:

https://blockchain.info/it/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

That was a couple of years ago so it wasn't worth so much, this was quite large.

[CoinCidental]

Wow that's big money if i were them i should have moved it in chunks but sure they must have their reason or this is a piece for them.

Maybe the just wanted to settle a new record.
I think, the biggest transaction so far was 100,000 BTC, but that was when BTC-price was much lower.

No you're wrong  , check this  TX:

https://blockchain.info/it/tx/29a3efd3ef04f9153d47a990bd7b048a4b2d213daaa5fb8ed670fb85f13bdbcf

That was a couple of years ago so it wasn't worth so much, this was quite large.

That one must have been gox or btcst
Its hard to imagine one  individual with 550,000 btc tbh