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Topic: 15btc transaction fee, big mistake - page 3. (Read 12683 times)

hero member
Activity: 490
Merit: 520
May 07, 2016, 11:06:42 AM
Rip that dude.

15 BTC is a huge loss, especially when used as a transaction fee. Considering it is just going to go the miners, though, it is probably a better outcome than sending it to the wrong address, where it could be lost forever.

There seems to be a number of these issues recently, maybe people need to start paying more attention.
legendary
Activity: 3276
Merit: 2442
May 07, 2016, 11:02:32 AM
What's dead may never die.

Nobody can reverse that transaction. Some lucky bastard got a nice piece out of this. Mining has to be rewarded sometimes.
hero member
Activity: 728
Merit: 500
May 07, 2016, 10:47:02 AM
Definitely big. The irreversability of btc transaction makes it a double edged sword. 15 btc can already buy a mini car Smiley
legendary
Activity: 1358
Merit: 1014
May 07, 2016, 10:23:41 AM
in the past when such has occurred, it was due to someone doing some custom client stuff and making a mistake, or so they said. unless the sender comes forward here, we'll never know.

reversible? nope.

Isn't there a testnet mode to conveniently try stuff that you are coding without risking losing BTC? I think there is.
If this was a mistake, whoever made this mistake must have tons of BTC, I think when this happens it's usually whales that don't care that much because they have tons of BTC. There is no other explanation. Anyone of us regular folks with regular wallets, would check x10 times before sending any custom fees.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
May 07, 2016, 10:14:04 AM
There was a 291 BTC payment to send .0001 BTC just a little over a week ago. Last I heard the miners were looking for the sender to refund the money, but no one had come forward. There was an article on Coindesk about it, and someone noticed the transaction and started a thread here about it.
They could just return the money, although that has a risk as the address can be abandoned by the owner already. Maybe they can send a small amount back to the address the 291 BTC came from to draw some attention.

legendary
Activity: 1890
Merit: 1148
May 07, 2016, 09:52:31 AM
It has been quite old but any news if guy got contacted on getting it back or something?
sr. member
Activity: 308
Merit: 250
The mind is everything. What you think you become.
May 07, 2016, 01:54:23 AM
aww,its hurts,another mistake from pool?is this third transaction that have big fee and bigger than amount transacted?
someone siad this is not first time and not last time,i will wait for another mistakes,i wish not happen to me Grin
legendary
Activity: 1960
Merit: 1026
May 06, 2016, 11:51:32 PM
it was very large, and why is it always exceeds the number of shipments, as was the case previously only sent 0.0001 with fee of about 291BTC
sr. member
Activity: 420
Merit: 250
May 06, 2016, 11:29:18 PM
The fees so high if im the sender of that bitcoin i would not using anymore in the site that he/she using. What is her/his bitcoin wallet site? I need to change my wallet so that it will never happen to me. This is Error of site or not? How about he refund hes bitcoin is that possible?
sr. member
Activity: 572
Merit: 250
May 06, 2016, 11:06:42 PM
Thats a too high fee
legendary
Activity: 1232
Merit: 1005
May 06, 2016, 10:27:43 PM
And the protocol should protect people when the sending app fails to do so.

No, it should not.

not the protocol but the wallets for common people should.

Unless it was somehow intentional, but I can't think about a reason for someone send 15 BTC txt fee by mistake
hero member
Activity: 504
Merit: 500
May 06, 2016, 10:26:12 PM
Now i will be so attentive when i am doing a transaction. Really? Shocked ~6000$
Will chek twice next time.
it was not a problem for me because I have not bitcoin too big in my wallet So even if the fee of it. I could not afford or may be insufficent funds Lol
full member
Activity: 176
Merit: 100
May 06, 2016, 10:10:27 PM
That's not very encouraging. 15 btc overpay now... What's to stop a 150 BTC overpay happening later. 1500 BTC? Could change everything.

There was a 291 BTC payment to send .0001 BTC just a little over a week ago. Last I heard the miners were looking for the sender to refund the money, but no one had come forward. There was an article on Coindesk about it, and someone noticed the transaction and started a thread here about it.

If no one has come forward, maybe it was crime related. IDK, can't imagine anyone brushing off 291 BTC. Who sends .0001 when you have that much anyway? Might have been an exploit/intentional.
legendary
Activity: 1708
Merit: 1036
May 06, 2016, 06:59:27 PM
That's not very encouraging. 15 btc overpay now... What's to stop a 150 BTC overpay happening later. 1500 BTC? Could change everything.

There was a 291 BTC payment to send .0001 BTC just a little over a week ago. Last I heard the miners were looking for the sender to refund the money, but no one had come forward. There was an article on Coindesk about it, and someone noticed the transaction and started a thread here about it.
full member
Activity: 176
Merit: 100
May 06, 2016, 05:08:36 PM
That's not very encouraging. 15 btc overpay now... What's to stop a 150 BTC overpay happening later. 1500 BTC? Could change everything.
legendary
Activity: 3878
Merit: 1193
May 06, 2016, 04:58:44 PM
And the protocol should protect people when the sending app fails to do so.

No, it should not.
legendary
Activity: 1708
Merit: 1036
May 06, 2016, 04:01:26 PM
.Is there any imaginable way to reverse that transaction or remedy it in anyway?  Could it have been on purpose?  Some ledger manipulation thing or something, or was just fat fingered?

You can't reverse a confirmed transaction. All they can do is contact the miner/mining pool, prove their identity by signing a message with the sending key, and ask pretty-please-can-I-have-my-bitcoin-back? There have been some major cases where that has been done (kudos to the miners!), but it gets more tiresome every time this happens and I can understand if they draw the line somewhere.

I'll say it AGAIN - the authors of wallets need to hardcode limits on the transaction fees to flatly prevent someone from accidently plugging in an absurdly high fee. If someone ever does want to send something with a huge fee let them use a custom wallet or tool to do it. The rest of us don't need the "ability" to send a transaction with a fee of higher than, say, 0.1 BTC.
newbie
Activity: 48
Merit: 0
May 06, 2016, 01:29:22 PM
.Is there any imaginable way to reverse that transaction or remedy it in anyway?  Could it have been on purpose?  Some ledger manipulation thing or something, or was just fat fingered?
copper member
Activity: 924
Merit: 1007
hee-ho.
March 17, 2016, 12:32:25 PM
Which wallets offer this or how do I protect myself from unloading my savings in a transfer?
Checked the wallets I use and all pretty much have protection from this.

no wallet should do this unless you modify a wallet's source code and made a mistake.
and this could also happen because of the sender forgot to add an output while making a raw transaction manually.
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