Post
Topic
Board Currency exchange
Re: working with a large institutional seller will satoshi and send 4 coins first
by
Pkim
on 07/05/2019, 05:39:16 UTC
they have up to 250k coins[...]

. this is an institutional seller that pools miners coins
Just to let you know, the miners collectively mine 250k coins roughly every 4.5 months, and most of them need to fairly quickly sell coins they mine to pay bills such as electricity.

I have seen offers to use a “lawyer” to facilitate very large transactions fairly frequently as of recent. I’m not 100% sure they are scams, but I think they probably mostly are, or at least have the potential to be. I think lawyers can generally be trusted when a paper trail is involved but when crypto is involved, paper trail can be faked and I don’t think the bar nor the courts can sufficiently resolve potential disputes regarding crypto transactions.

this seller has few larger miners that he pools and sells. will send the coins first as a test tranche. and will do it f2f in the attorneys office.
they are not looking to do a large transaction to start.