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Comment by doomroot | Hacker News Reader

How about $1 billion? Irreversibly, in 30 mins, for 10 cents? Doubt it.

Irreversibly sounds awful lol. However, that aside, how many people do you know with this particular problem? Have you ever run into an issue transferring $1,000,000,000? Has anyone you know ever run into that issue?

I always find it funny how the crypto fanboy counter-argument is something so edge-case that it would never happen to 99% of people. So you're saying that to benefit from crypto I should be a billionaire?

99% is actually generous lol. There's 2,200 US dollar billionaires globally, and if you're sending $1B you probably have at least $2B which is going to narrow down the problem space pretty significantly. However, being generous, that's a problem that 99.99997% of the world cannot by definition have.

Maybe crypto just isn't for us plebs. On the other hand when I get paid my salary I can be pretty damn sure it still has enough value to be able to pay my bills even a year from now. With crypto I don't think I could even get a good nights sleep not knowing if my money is worth 50% less tomorrow, or 50% more. I also tend to lose things a lot, which with a regular bank is no problem, I just call support and show my ID or what-not, but with crypto I would end up homeless, and those conveniences are very much worth the tiny bank fees if you ask me.

Who on earth has such requirement? If you need to move $1 billion, higher fees or slower times are negligible problems.

It depends on your bank, SEPA generally has a limit of €999,999,999.99, so no technically you cant send a full billion…

SEPA transfers have a 100k limit for instant transfer (much less than 30min, I never timed but I've never seen it even take a full 1min).

$1 billion would take a day to clear, but it would still be 100% free.

Irreversibility of such a transaction would be ridiculous for all parties involved, of course they don't offer that.

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