RATE Group | Power of Crypto: $450m in Bitcoin Moved for… $0.25
76380
wp-singular,post-template-default,single,single-post,postid-76380,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Power of Crypto: $450m in Bitcoin Moved for… $0.25

20 Jan Power of Crypto: $450m in Bitcoin Moved for… $0.25

Posted at 08:39h in Ethereum News by

[ad_1]

Yesterday Twitter accounts tracking notable transactions on the Bitcoin blockchain and other blockchains noticed something interesting had transpired: over 50,000 BTC, valued at around $450 million as of the time of the transaction, was sent from one address to another.

While this was not news in and of itself per se, the fee on the transaction quickly became news.

As noted by investor in Samourai Wallet and Give Bitcoin Stephen Cole, the transactor paid $0.25 — yes, a single quarter, which really can’t get you anything in and of itself in the Western world — to transfer hundreds of millions of dollars worth of Bitcoin from one address to another. This equates to a fee of effectively 0%, with 0.25/450,000,000 on the calculator outputting an odd number in scientific number format.

Not to mention, this could have even been an overpaid fee, with the transactor likely having the option of paying an even lower fee, under the $0.1 range, if they…

[ad_2]

Source link