Quote from: e4xit on June 07, 2014, 09:05:13 AM

Quote from: QuestionAuthority on June 06, 2014, 07:46:29 PM

Quote from: icey on June 06, 2014, 07:17:45 PM

Surely a bank wouldn't move that amount of money with any costs being incurred?

I'm just pointing out its amazing that we can move vasts amounts of money without any paperwork, to anybody in the world for no costs. If that doesn't convince skeptics then nothing will.

You're right, Bitcoin is great for the little guy to move money for ~~free~~ low cost. Large amounts are moved between branches and banks for free all the time. Think about it a minute, are they going to charge themselves for the move? Undecided

My bank even lets me transfer between different accounts at different banks without a fee. My bank may charge a fee for faster service but my credit union offers 3-business-day transfers for free. One day costs $2. So, in theory, I could transfer $126,000,000 for $2 and get it in one day.

Ha ok, so you don't think that banks charge each other for moving money? Lol

You might be able to move $50 between banks for free, but I guarantee that if you ever had 126,000,000 that it would not cost you $2 to transfer. You mad if you think that $2 is a flat fee for any amount.

You're completely wrong. I provided a link showing I can do it easily from my credit union. I transferred $350,000 from my credit union to a different bank when I bought my last house and it cost me nothing. There are plenty of ways to send money for free. Here's one: https://payments.amazon.com/personal/money?tag=gmgamzn-20

Almost no one on earth has $126 million to transfer other than a bank. The bank would only transfer between partner banks and they would not have to pay for the transfer. That was my original point. This large move of btc is nothing more than a large bank internally consolidating funds. That's always free for the bank.