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Over $10 million in BTC was sent in 1 transaction this morning, and it cost the sender $5
As some of you might have seen, a dormant address containing 1000 BTC was recently activated after 12 years of inactivity. This is interesting enough, but when I looked up the 400 BTC transaction, I noticed the transaction fee.
https://preview.redd.it/3qaki22whxva1.png?width=1171&format=png&auto=webp&v=enabled&s=673d0a6bc71cbb07640f433e3f0603680987aa5e
It cost the sender \~$5 to send over $10 Million in BTC. Not $500. Not $50. $5. I often forget what crypto can do because I'm not exactly transferring millions in crypto on a regular basis, but this is crazy, it would cost me 4x that amount to wire $50 from my bank account. This is what crypto is all about and anyone who can look at this and say crypto has no utility is blind.
As some of you might have seen, a dormant address containing 1000 BTC was recently activated after 12 years of inactivity. This is interesting enough, but when I looked up the 400 BTC transaction, I noticed the transaction fee.
https://preview.redd.it/3qaki22whxva1.png?width=1171&format=png&auto=webp&v=enabled&s=673d0a6bc71cbb07640f433e3f0603680987aa5e
It cost the sender \~$5 to send over $10 Million in BTC. Not $500. Not $50. $5. I often forget what crypto can do because I'm not exactly transferring millions in crypto on a regular basis, but this is crazy, it would cost me 4x that amount to wire $50 from my bank account. This is what crypto is all about and anyone who can look at this and say crypto has no utility is blind.
| 2,000 mlx | |
| 36 | |
| 2 |