The largest unknown Bitcoin wallet moved nearly $1B for $0.48 in fees

Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by orbifold on Tuesday June 30, 2020 @10:36AM (#23690455)

Also good luck getting 1B converted to dollars without a major head-ache. I feel like 1B in bitcoin is as bad if not even worse than 1B in cash. It isn't super useful in that form.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by robjan on Tuesday June 30, 2020 @10:40AM (#23690491)

If you tried to convert it into dollars it would move the market and devalue your holdings. But buying into bitcoin would have also moved the market in the other direction, tbh.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by rudolph9 on Tuesday June 30, 2020 @10:40AM (#23690499)

It’s not useful for small payments but I would happily take the equivalent $1k+ in bitcoin as payment.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by compiler-guy on Tuesday June 30, 2020 @10:58AM (#23690706)

“The difference between one million dollars and a billion dollars is about one billion dollars.“

1k transactions and even 1k * 1k transactions are so small relative to this amount that the GP’s point still stands. This is not a very useful way of storing the value.

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by electricviolet on Tuesday June 30, 2020 @11:12AM (#23690862)

you've got a typo there, one of your millions should say billion

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Re:The largest unknown Bitcoin wallet moved nearly $1B for $... by compiler-guy on Tuesday June 30, 2020 @11:34AM (#23691084)

Thanks for the catch. fixed.

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