Hacker News new | ask | show | jobs
by greenleafjacob 4212 days ago
If it was a credit card transaction, it'd be 2,406,506.
3 comments

If grandma had balls she'd be grampa. Nobody moves 82 million with a credit card, that's not even what they're for.
Anyone doing that volume in credit card transactions isn't paying a 2.9% rate like you and I would selling trinkets... and the fee's paying for a variety of protections not present in a Bitcoin transaction.
If it were a credit card transaction, money would have changed hands.
Probably not, it would have likely been netted between the banks without requirement a settlement.
Care to elaborate?
The implication is that Bitcoin isn't "real" money.

Never mind that money is a social construct and is useful whenever two parties agree on a common value.

I think the implication is actually that the person sending this transaction was also the recipient.
Good point; your explanation makes more sense. I pretty much only use Bitcoin to buy lunch and laptop stickers, so I forget that people with significant amounts of it have to shuffle it like this.
This was pretty obviously some internal accounting shuffling and not some kind of payment processing. If your bank charges a fee to move funds between accounts your bank sucks.