Re:Accidentally pay an 80BTC transaction fee? Please contact...
by samstave on Friday July 07, 2017 @02:36PM
(#14720865)
ELI5 what type of transaction could have been done which is that large/complex that also would be 100% on the up-n-up and not trafficking [something], laundering [something]?
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Re:Accidentally pay an 80BTC transaction fee? Please contact...
by flashdance on Friday July 07, 2017 @02:43PM
(#14720938)
If you've received 10 $1000 payments from your job in bitcoin and now want to buy a brand new $10 000 toaster, you'll have to create a transaction that has 10 inputs and one output.
A more typical example is a miner who receives very frequent payouts from a mining pool over the course of a few months, and then wants to send all of their money to a bitcoin exchange to pay for their power.
Some people create massive transactions just to mess with the bitcoin network, too. ¯\_(ツ)_/¯
Edit: Someone lower in the comments asked why people create large transactions to mess with the network, and I don't really know for sure--some people have unknown motivations, or want to prove a political point. Some are public, and I assume some are done secretly. Here's an example of one that was public: https://multibit.org/blog/2015/06/23/bitcoin-network-stress-...
Re:Accidentally pay an 80BTC transaction fee? Please contact...
by samstave on Friday July 07, 2017 @02:52PM
(#14721014)
>Some people create massive transactions just to mess with the bitcoin network, too.
Why?
Re:Accidentally pay an 80BTC transaction fee? Please contact...
by flashdance on Friday July 07, 2017 @04:03PM
(#14721597)
I replied to you in an edit to my post... I don't really know what was going on but when I first saw your comment there was no reply button.
Is that something that's normal on this site?
Re:Accidentally pay an 80BTC transaction fee? Please contact...
by samstave on Friday July 07, 2017 @04:31PM
(#14721801)
If I reply to a comment you made, there is a short time where you cannot reply to my post, I believe this is an effort to either make people read the reply post before knew-jerk replying... or to breathe for a sec and slow spamming down...
Re:Accidentally pay an 80BTC transaction fee? Please contact...
by flashdance on Saturday July 08, 2017 @05:50PM
(#14727359)
Oh, neat! Thanks.