Over $10 million in BTC was sent in 1 transaction this morning, and it cost the sender $5
1 min read
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.
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.
submitted by /u/nick83487
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