Topic: 15btc transaction fee, big mistake - page 5. (Read 12683 times)
Wow I can't believe that someone spend 6300$ whorth of bitcoin on the transaction fee
This is a raw transaction fuckup, no doubt about it.
Poor miners with F2Pool too, according to the Bitcoin wiki F2Pool doesn't share fees with them.
Poor miners with F2Pool too, according to the Bitcoin wiki F2Pool doesn't share fees with them.
Woot unbelievable, someone just spent $6300 as fees!! I feel i missed something, anyway Lucky miners...
The protocol should just block absurdly high TX fees.
Count the fees for the last 20 blocks, divide that by the bytes used for transactions, multiply result by, say, 25. If the TX fee per byte is bigger than that, it isn't a valid transaction and a block that includes it is not a valid block.
Would be adaptive and would not be too difficult to implement and would protect users.
25 may not be the right number, I have no clue, would have to watch the chain for a few weeks to pick a multiplication factor that clearly indicates an absurdly high fee. Not just a high fee, absurdly high.
Thats too complex and needs manual adjusting, plus protocol changes need hard fork , and we wont do that for a few idiots.
It's just simple if you add a code in all wallets to warn you twice or even 3 times, if you want to send fee's larger than 0.05BTC, because it's likely that you wont need to send higher than that in the foreseeable future.
Not too complex and needs no manual adjustment, it would auto-adjust based on the last 20 blocks.
Yes it would require a hard fork, which is why it should be done at the same time as another issue being fixed by hard fork - say the block size.
Adding code to wallets assumes the wallet won't have bugs. Wallets have had serious bugs before. Protocol protects the users from wallets that have bugs. Or wallets that don't implement it.
Protocol level also removes one of the easiest methods of money laundering in bitcoin at the same time. Well easiest if you are a miner.
Have some malware that steals bitcoin? No problem. Stick them all in a transaction with a small fee to a burn address and a large TX fee. Now the money has been laundered and can't be traced through the blockchain. No need to trust mixers. That's what we have right now.
The protocol should just block absurdly high TX fees.
Count the fees for the last 20 blocks, divide that by the bytes used for transactions, multiply result by, say, 25. If the TX fee per byte is bigger than that, it isn't a valid transaction and a block that includes it is not a valid block.
Would be adaptive and would not be too difficult to implement and would protect users.
25 may not be the right number, I have no clue, would have to watch the chain for a few weeks to pick a multiplication factor that clearly indicates an absurdly high fee. Not just a high fee, absurdly high.
Thats too complex and needs manual adjusting, plus protocol changes need hard fork , and we wont do that for a few idiots.
It's just simple if you add a code in all wallets to warn you twice or even 3 times, if you want to send fee's larger than 0.05BTC, because it's likely that you wont need to send higher than that in the foreseeable future.
Probably there should be a warning message coded into all bitcoin wallets that warns users to not pay more than say 0.05 BTC as fee, and warn them twice if they try to send more.
That should help morons like this.
But there is the saying: "A fool and his money are soon parted"
That should help morons like this.
But there is the saying: "A fool and his money are soon parted"
The protocol should just block absurdly high TX fees.
Count the fees for the last 20 blocks, divide that by the bytes used for transactions, multiply result by, say, 25. If the TX fee per byte is bigger than that, it isn't a valid transaction and a block that includes it is not a valid block.
Would be adaptive and would not be too difficult to implement and would protect users.
25 may not be the right number, I have no clue, would have to watch the chain for a few weeks to pick a multiplication factor that clearly indicates an absurdly high fee. Not just a high fee, absurdly high.
Probably there should be a warning message coded into all bitcoin wallets that warns users to not pay more than say 0.05 BTC as fee, and warn them twice if they try to send more.
That should help morons like this.
But there is the saying: "A fool and his money are soon parted"
That should help morons like this.
But there is the saying: "A fool and his money are soon parted"
That made someone's day! Almost as good as finding a block 
yeah i think they will be very hapy with that fee 
That or some mining-pool owner just got himself a nice amount to spend.
https://blockchain.info/it/block-index/1081448
https://blockchain.info/it/tx/9bdd577fd0d77219c9c874781d4dedc8b9c2fec186673d5bcf993a51ce34474e
https://blockchain.info/it/address/1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY
Mined by 'Discus Fish (F2Pool)'.
Its crazy we do not have some guy ranting about his fee somewhere on the net that would be able to verify.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
It's possible it was the miner himself or herself and wasn't an accident.
Mmm.. but how the miner know that himself will mine/found (for sure -a t 100%) that block ?
The miner could put the TX in every block they attempt to mine without the TX being on the network for other miners.
That's how large TX fees can be used for money laundering.
Its crazy we do not have some guy ranting about his fee somewhere on the net that would be able to verify.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
It's possible it was the miner himself or herself and wasn't an accident.
Mmm.. but how the miner know that himself will mine/found (for sure -a t 100%) that block ?
Is there evidence the TX hit the network before it was in a block?
What exactly do you mean by that? All transactions are broadcast on the network before they're included in a block. 
Its crazy we do not have some guy ranting about his fee somewhere on the net that would be able to verify.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
It's possible it was the miner himself or herself and wasn't an accident.
Mmm.. but how the miner know that himself will mine/found (for sure -a t 100%) that block ?
Its crazy we do not have some guy ranting about his fee somewhere on the net that would be able to verify.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
It's possible it was the miner himself or herself and wasn't an accident.
Is there evidence the TX hit the network before it was in a block?
That made someone's day! Almost as good as finding a block
yeah i think they will be very hapy with that fee That or some mining-pool owner just got himself a nice amount to spend.
https://blockchain.info/it/block-index/1081448
https://blockchain.info/it/tx/9bdd577fd0d77219c9c874781d4dedc8b9c2fec186673d5bcf993a51ce34474e
https://blockchain.info/it/address/1KFHE7w8BhaENAswwryaoccDb6qcT6DbYY
Mined by 'Discus Fish (F2Pool)'.
That made someone's day! Almost as good as finding a block
yeah i think they will be very hapy with that fee That or some mining-pool owner just got himself a nice amount to spend.
well it is how it is, it must have been a really painful thing to do and the sender most probably was very mad about it
though the miner who found the block must have been very happy, it is nearly the same amount of bitcoins you get for mining a regular block
though the miner who found the block must have been very happy, it is nearly the same amount of bitcoins you get for mining a regular block
That made someone's day! Almost as good as finding a block
yeah i think they will be very hapy with that fee
Its crazy we do not have some guy ranting about his fee somewhere on the net that would be able to verify.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
If I paid 15 or 200 I would be pretty close to needing to call for first aid,heart attack would surly be incoming.
Any other links or news,please update this issue.
This kind of mistake could be prevented in the consensus protocol but the core devs don't want to. They think protection belongs in the client. However clients have bugs and not all users know to look for clients that have this kind of protection, it's not something advertised on feature pages.
The protocol should reject blocks that have transactions with grossly large fees in them, that way if a miner includes such a tx the block is rejected, and the tx never happens protecting the user.
But core devs don't want it, and moderator of dev list doesn't allow open discussion to try and change their minds.
The protocol should reject blocks that have transactions with grossly large fees in them, that way if a miner includes such a tx the block is rejected, and the tx never happens protecting the user.
But core devs don't want it, and moderator of dev list doesn't allow open discussion to try and change their minds.
he's hoping that maybe he find the pool that has minded the block and they will refund him.
btw I'm sorry for him
btw I'm sorry for him
Exactly, like the other time (with the 2 btc fee).
Discus fish mined it....
oh. you were asking for updates. misunderstood that.
well there's this reddit post but that's it. no refund and no owner requesting it (in public, at least.).
Exactly, like the @--Encrypted--
Would you like to talk about this transaction ?
https://blockchain.info/tx/4ed20e0768124bc67dc684d57941be1482ccdaa45dadb64be12afba8c8554537
200 btc fee.
Would you like to talk about this transaction ?
https://blockchain.info/tx/4ed20e0768124bc67dc684d57941be1482ccdaa45dadb64be12afba8c8554537
200 btc fee.
I wasn't even around at that time. can't find discussion about it with the owner posting in it and requesting a refund, but the address the fee was returned to wasn't a part of that tx so I think they did request it.
interesting thing is that people also suggested that it was a money laundering.
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