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TL;DR
Bitcoin transaction charges enable customers to pay a premium for quicker transactions (kinda like tipping a hostess to leap the wait record at a restaurant).
Final Thursday, somebody despatched 55 BTC and paid 83 BTC in transaction charges…which looks as if a mistake…In fiat phrases – that is $3.1 Million in transaction charges.
The pockets that made the transaction was created simply minutes earlier than all of it befell. Which leads us to consider this individual was speeding and made a v expensive typo.
Full Story
Having fats fingers whereas texting can get hilarious.
For instance, our author Caite Opfer not too long ago texted her mother:
“I’m at my orthodontist opponent” As an alternative of: “I’m at my orthodontist appointment” And she or he responded with “did you win?”
(Facet observe: Mrs. Opfer seems like a stable cling)
An occasion the place fats fingers are usually not humorous, is once they end in you overpaying thousands and thousands of {dollars} on BTC transaction charges.
How does one mess up transaction funds?
Bitcoin transaction charges enable customers to pay a premium for quicker transactions.
(Kinda like tipping a hostess to leap the wait record at a restaurant).
Final Thursday, somebody despatched 55 BTC and paid 83 BTC in transaction charges…which looks as if a mistake…
In fiat phrases – that is $3.1 Million in transaction charges.
PLUS!
The pockets that made the transaction was created simply minutes earlier than all of it befell.
Which leads us to consider this individual was speeding and made a v expensive typo.
…until they had been gunning to set the document for the most important transaction charge ever paid in Bitcoin’s 14 12 months historical past, beating a charge paid this previous Sep. at $500,000.
(Which was additionally a mistake, however was kindly refunded by the miner that acquired it)
Whether or not this one can be returned continues to be but to be seen.
AntPool, the mining pool that processed the transaction has not but printed an announcement in relation to the overpayment.
So, what is the takeaway?
Whether or not you are texting your mother, or casually sending $2M value of BTC to somebody:
All the time be certain to proof learn earlier than you hit ‘ship.’
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