Inside money, markets, and big tech

Bitcoin whale moves gooch-tingling ONE BILLION DOLLARS

This transfer would have cost SO much more in the regular banking system

free willy, whale, bitcoin, cryptocurrency, friendly, good guys2

A cryptocurrency whale has moved a ball-twisting 94,504 BTC (worth over one billion dollars) — paying just $700 in Bitcoin BTC network fees.

Twitter-based transaction monitor @whale_alert signalled the transfer earlier today, which was included in Bitcoin block #593468.

For now, it appears cryptocurrency exchanges do not control these wallets, as those addresses are (typically) flagged by the @whale_alert service and other blockchain explorers.

To make the transfer, this Bitcoiner requested no permission from any bank, government, or financial regulator. This transaction was essentially immune to any form of governance or state oversight.

That goes for every other Bitcoin transaction, large or small. Suck it, central banks!

TransferWise, eat your heart out.

Bitcoin whales have indeed made similarly monstrous moves recently, but not of this size.

In May, one infamous player named Loaded paid just $3.93 to send $212 million worth of Bitcoin. Two months later, another (still-unknown) identity initiated multiple $450 million transactions for just $400 at a time.

Published September 6, 2019 — 08:22 UTC