Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[BrolySSJ]

On Tuesday morning an anonymous sender sent almost $1 billion to an anonymous recipient, publicly for everyone to see. Decrypt noted that the bitcoin wallet from which this came from was the largest bitcoin wallet that exists that is not part of a business such a an exchange site, raising many questions as to why the money was transferred and who is the person sending and receiving this money.

there are many possible reasons that could exist for such a large transfer. It could be a person transferring the funds to their business or exchange, or a large purchase of good or equipment, the details of which are unknown, and if the sender does not choose to reveal their identity, we may never know who this was that did this or why it was done.

For those of you that are following whale alerts you would have noticed this transfer of 101857 BTC.

As we all know, bitcoin i anonymous and so there is no way to find out the nature of this transfer, but what if it was to fund illegal activities? this question will always arise with such large transactions, but i think we can all agree that this huge transaction is certainly a mystery!

 

[Reznov]

more and more illegal things to do with cryptocurrency, that can't be a normal transaction for sure, it's creepy and scary, i hope it doesn't affect the reputation of cryptocurrencies

 

[Brain]

Yeah, such transfer is definitely a mystery. Well, I doubt the person that transfer such will want to be known. For that amount is huge though.

 

[BrolySSJ]

more and more illegal things to do with cryptocurrency, that can't be a normal transaction for sure, it's creepy and scary, i hope it doesn't affect the reputation of cryptocurrencies

Yeah definitely. I think that it is transaction like these and the seemingly illegal nature that many countries are against and that is why they have not adopted crypto. These things need to stop for crypto to become more worldwide don't you think?

 

[Brain]

Yeah definitely. I think that it is transaction like these and the seemingly illegal nature that many countries are against and that is why they have not adopted crypto. These things need to stop for crypto to become more worldwide don't you think?

Definitely, these issues need to be tackled if Bitcoin needs to be wholly accepted by many more countries. So yes I agree let it be nip in the bud.

 

[Balint098]

Nope. it was Bitstamp, an European crypto exchange that moved that many bitcoin.

https://www.cryptoglobe.com/latest/...s-nearly-1-billion-in-bitcoin-for-a-0-48-fee/
The amazing thing is that the fee to move such enormous amount is just less than $0.50.

 

[Rassy011]

Nope. it was Bitstamp, an European crypto exchange that moved that many bitcoin.

https://www.cryptoglobe.com/latest/...s-nearly-1-billion-in-bitcoin-for-a-0-48-fee/
The amazing thing is that the fee to move such enormous amount is just less than $0.50.

Wow, a whole one billion dollars, that's a huge amount of money, well it's good the mystery surrounding this transfer is already cleared up, and I'm really surprised at the fee to transfer such a huge amount of money is that cheap.

 

[Kevin Fisc]

Nope. it was Bitstamp, an European crypto exchange that moved that many bitcoin.

https://www.cryptoglobe.com/latest/...s-nearly-1-billion-in-bitcoin-for-a-0-48-fee/
The amazing thing is that the fee to move such enormous amount is just less than $0.50.

results if it was a paypal transaction

https://imgur.com/a/AQUiNWE

 

[Balint098]

results if it was a paypal transaction

https://imgur.com/a/AQUiNWE

Lmao, good one. Paypal sure is sucks ass and exists only to rip us off. Hope crypto and bitcoin can be made mainstream soon so we can all transfer money without that many fees.

 

[Kevin Fisc]

Lmao, good one. Paypal sure is sucks ass and exists only to rip us off. Hope crypto and bitcoin can be made mainstream soon so we can all transfer money without that many fees.

you lose a wealth to transfer a wealth xD

 

[SCAMEXPOSER]

Nope. it was Bitstamp, an European crypto exchange that moved that many bitcoin.

https://www.cryptoglobe.com/latest/...s-nearly-1-billion-in-bitcoin-for-a-0-48-fee/
The amazing thing is that the fee to move such enormous amount is just less than $0.50.

I guess if bitstamp had not revealed this probably no one would the sender and the recipient of the huge amount of bitcoin . The good side is the convince and privacy with very very low fee but the disadvantage is illegality advantage for the criminals.

 

[Balint098]

but the disadvantage is illegality advantage for the criminals.

I wouldn't blame bitcoin just because criminals now use it often. It's just how human nature is. Just like a knife - a knife is neutral, it can be used to do good things, but then you can also use it to hurt someone, knife is just a tool, it's neutral just like bitcoin.

 

[SCAMEXPOSER]

Most things are neutral is the human nature that determine their fate. Do you think that Bitcoin will be used to commit more than the convininence and flexible the ordinary legit users of Bitcoin desires?.

 

[Balint098]

Most things are neutral is the human nature that determine their fate. Do you think that Bitcoin will be used to commit more than the convininence and flexible the ordinary legit users of Bitcoin desires?.

I don't understand you post. What do you meant to deliver here? Bitcoin is just a tool. Anyone can use it for bad or good, depends on their personality.

 

[SCAMEXPOSER]

I don't understand you post. What do you meant to deliver here? Bitcoin is just a tool. Anyone can use it for bad or good, depends on their personality.

I can't see any word " deliver here" in my post. I am only seeking for your opinion as regards to Bitcoin transactions illegality or legality.

 

[77Papa]

You're right about the problems with identifying such transactions. That's why some governments are trying to control crypto. It may be everything we can imagine (or even sth we can't imagine), but bitcoin and other crypto are really anonymous and that may be good in some points, but this may cause harm as well. And I see no correct way to resolve this dilemma.

 

[SCAMEXPOSER]

If the crime rate can be this high with Fiat currency that can be traced ,I can't imagine how higher crime rate will be if Crypto currencies transactions are completely annoymous .

 

[Balint098]

One disadvantage of Bitcoin is the fact that its transaction can't be traced

It's not disadvantage, that's just how decentralized nature of crypto works. Also, Bitcoin transaction can be traced, that's why criminals can still get caught if they don't use a way to cover their digital footprints.

I can't see any word " deliver here" in my post. I am only seeking for your opinion as regards to Bitcoin transactions illegality or legality.

It's not illegal.

If the crime rate can be this high with Fiat currency that can be traced ,I can't imagine how higher crime rate will be if Crypto currencies transactions are completely annoymous .

Correct.

 

[Fatma99]

On Tuesday morning an anonymous sender sent almost $1 billion to an anonymous recipient, publicly for everyone to see. Decrypt noted that the bitcoin wallet from which this came from was the largest bitcoin wallet that exists that is not part of a business such a an exchange site, raising many questions as to why the money was transferred and who is the person sending and receiving this money.

there are many possible reasons that could exist for such a large transfer. It could be a person transferring the funds to their business or exchange, or a large purchase of good or equipment, the details of which are unknown, and if the sender does not choose to reveal their identity, we may never know who this was that did this or why it was done.

For those of you that are following whale alerts you would have noticed this transfer of 101857 BTC.

As we all know, bitcoin i anonymous and so there is no way to find out the nature of this transfer, but what if it was to fund illegal activities? this question will always arise with such large transactions, but i think we can all agree that this huge transaction is certainly a mystery!

If the crime rate can be this high with Fiat currency that can be traced ,I can't imagine how higher crime rate will be if Crypto currencies transactions are completely annoymous .

It's not disadvantage but that's just how decentralized nature of crypto works

 

[KarthikP]

Maybe the possibility is the person who sent that huge number of Bitcoin has bought bitcoins at low price and is now willing to sell it. Though , the higher chances are it maybe an indication of illegal activities.