TL;DR
Bitcoin transaction charges enable customers to pay a premium for quicker transactions (kinda like tipping a hostess to leap the wait listing at a restaurant).
Final Thursday, somebody despatched 55 BTC and paid 83 BTC in transaction charges…which looks like 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 occurred. 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 lately texted her mother:
“I’m at my orthodontist opponent” As a substitute of: “I’m at my orthodontist appointment” And she or he responded with “did you win?”
(Aspect observe: Mrs. Opfer seems like a stable hold)
An occasion the place fats fingers should not humorous, is once they end in you overpaying hundreds of 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 listing at a restaurant).
Final Thursday, somebody despatched 55 BTC and paid 83 BTC in transaction charges…which looks like 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 occurred.
Which leads us to consider this individual was speeding and made a v expensive typo.
…until they have been gunning to set the report for the most important transaction payment ever paid in Bitcoin’s 14 yr historical past, beating a payment paid this previous Sep. at $500,000.
(Which was additionally a mistake, however was kindly refunded by the miner that obtained it)
Whether or not this one will likely be returned remains 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:
At all times make certain to proof learn earlier than you hit ‘ship.’
