Someone paid $2.6M in fees to move $134 worth of cryptocurrency

Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by abbadadda on Thursday June 11, 2020 @01:28PM (#23491140)

This seems like an easy thing to test for? "Like, are you sure you wanted to pay 19,403x in fees over what you're transferring? Please submit again if yes." Unreal.

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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by gruez on Thursday June 11, 2020 @01:37PM (#23491257)

It is. For instance, bitcoin core will refuse to broadcast transactions with unreasonably high fees.

https://bitcoin-rpc.github.io/en/doc/0.16.0/rpc/rawtransacti...

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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by Kiro on Thursday June 11, 2020 @01:34PM (#23491223)

Where would this test happen? There's no official interface. Sure, it can be (and probably is) implemented in different wallets but if you're interacting with the blockchain directly no-one can prevent you from doing stupid things like this.

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Re:Someone paid $2.6M in fees to move $134 worth of cryptocu... by Acrobatic_Road on Thursday June 11, 2020 @01:46PM (#23491387)

A smart contract wallet like argent could easily prevent this.

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