What's the fee to get it from it exchange to account?...

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Just4kicks

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09/02/21

23:17

Post #: 50842522
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Originally posted by sydneyguy: ↑

So elon directs his company to purchase 1.5 bln tokens of bitcoin in the last month

being decentralised- 6.25 bitcoins are created and handed out every ten minutes

current prices are just shy of 300,000 usd every ten minutes

so tesla shareholders purchase 1.5 bln of tokens

and at these prices it actually cost 1.296 bln usd

7.25 bitcoins every ten minutes

144 blocks per day of coins given to someone by someone for confirming the blockchain trades

30 days in a month

say 48000 a coin

cost per month in the form of dilution

6.25x144x30x48000

approx1.296 bln usd to conform those trades and every other tiny trade for a single ledger in a month ( price used current jist to give you an idea of the craziness)

better hope the next guy comes with another 2 bln- shssssh -

as money is mainly deposited into a small group of unregulated exchanges - let hope people don’t request thier money back - the exchanges won’t have the cash which is why they make it prohibitive to get your money back/ out

fee to despot

Fee to trade in and out

Massive fee to get the balance back out of the exchange into a bank account

Fees to transfer to other wallets not controlled by the exchanges

fed and cba losing a lot of control when it comes to fiat they are supposed to manage - its leaking out to a unregulated private exchanges

quite amazing they have let it go this far

good luck - it wasn’t for me at 100- and it’s not for me now- each to their own good luck

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What's the fee to get it from it exchange to account? seemed like a fairly fast and simple transfer to me when I sold and put back into bank. That dilution will be capped at least.

Value at posting: $1,391.7
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