Topic: I accidentally sent 20 btc to p2pool in transaction fees... (Read 2375 times)

Wow, that's really bad luck...

I'll just add that the original automobile accident fatality in the UK involved a car moving 4 miles per hour.

There were laws that all motorized carriages required a man walking in front waving a red flag.

http://en.wikipedia.org/wiki/Red_flag_traffic_laws


A lot of the posts in this thread are asserting that we need the red flag laws. Others assert that 'people fucking up' *are* the red flags...

The decentralized nature of bitcoin means there is no robust, centralized effort to educate and babyproof the experience for people. Even if you write a nice guide, make a nice video, etc... you will still end up with people using brainwallet the way this person did because it requires someone to 'look up the info.'

Being smart isn't a static quality, it is indicative of a process of gathering information. In other words, being smart is the propensity to educate yourself. Some people simply don't possess that nature and require trust and assume simplicity protects them from their intentions. That is ignorant - even insane - but those assumptions carry through to everything that person would encounter in life.

Even if you shout redfaced at every moment about:
~ waterproofing paper wallets
~ making cold storage backups
~ being as redundant as possible while maintaining security
~ don't visit weird sites assuming the best instead of the worst
~ encryption and encrypting the encrypted, and so on ...
~ understanding the ramifications of using any 3rd party / cottage industry
~ lawful use / taxation responsibilities


you're still going to see
~ soggy ruined paper wallets
~ i threw my only harddrive with btc on it / reinstalled windows and forgot about my coins
~ made 10,000 copies of my private key on a cloud website and somehow my coins are gone
~ i was hacked even with 2FA
~ password123 encryption
~ hey where'd the online wallet go that looked like every other twitter bootstrap site
~ i got a letter in the mail from my bank that my funds are frozen after running a kewl exchange site

due to people who do not have that propensity, or even those that do but miss a detail while trying to absorb myriad other details...


etc... bitcoin is smart, that will slow adoption. people are stupid with other currencies, investments, security... bitcoin is simultaneously more alluring and more complex. it isn't really any less secure, but i would say it is vastly more prone to simple, fatal errors in the user experience.

As others have voiced, it needs to mature past the "well if you make a mistake you get kicked in the balls repeatedly for the rest of your life" experience. That's not on bitcoin, that's on the industry around it to make a nice product. Trust, however, of that product... well, in the unregulated world that is an issue.

That was real nice of you!

now I put my money where my mouth is    my share of the erroneous fee is on its way back !

https://blockchain.info/tx/c39af28cb3acb6b1f858a4348665200d0c7d5bfe587b46614840da1f9bc8985a

btw I am 1BCnzg9zxrFJonTvvtEJTY63AqaHzRLV9g on the recipient list ... but sent back from another address


here is the full list I posted in the p2pool thread (on request of ksenter):

https://bitcointalksearch.org/topic/m.4011536


If the top 32 miners ny hash rate of this block would follow my example OP would get at least half his money back 

well... that's nice of you

I just calculated my slice of the erroneous fee: 0.24946BTC  - and I will send it back to OP !
Might take some time, I have to boot my cold wallet laptop when I come home from work today. 

That is frightening...

It's very non-standard among the different clients. Armory actually has three different signing schemes, but was unable to read the provided one without dissecting it and entering the different fields myself. Clearsign in Armory:
-----BEGIN BITCOIN SIGNED MESSAGE-----
Comment: Signed by Bitcoin Armory v0.90

I am a potato
-----BEGIN BITCOIN SIGNATURE-----


GyXbhi6tf+VHafadv/OpkJcirRtke8sELbAdwqrUC4JPUi2sx8FdJLCLcj/TJPRK
iB+hr1XwMyILc7hkdMhldaU=
=e99g
-----END BITCOIN SIGNATURE-----

Is that pseudo-PGP ASCII wrapper common now?

On the plus side, you can make this a positive in your mind by thinking about how much money you've saved from losing by the value of bitcoins decreasing in market value. If you sent @ $800, price is now $626... you've "saved" around $3500 by losing money at an opportune time. Will repost in p2p thread.

how's this:

-----BEGIN BITCOIN SIGNED MESSAGE----- This is aliens_exist_1 of the 20 bitcoin tx fee sob story. I posted my story on reddit here http://www.reddit.com/r/Bitcoin/comments/1t1nvl/i_accidentally_sent_a_brainwallet_transaction/ -----BEGIN SIGNATURE----- 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A G2GI3yhycdNoQqJQgFr+JvRsq2eSnNuKiLnRl5ZoD0JJpgBKPzKKA1JC9+uQRH1uMEg3webgh+tBQO/ihoSw4uc= -----END BITCOIN SIGNED MESSAGE-----

Elsewhere he said brainwallet.org, iirc, and messed up the raw transaction where he specified the change address. So instead of getting any change all the extra went to fees.

It is better to use one of the more normal, non raw transaction, wallets for this reason.

You can't contact p2pool, it's a peer to peer network with auto payouts. This guy would have to go find and ask probably tens (or maybe a few hundred) people to refund his fee. Good luck with that!

Well I doubt there is any technical thing to do to correct this. just try messaging p2pool and telling them about that error as they might refund you these fees. and if they do try avoiding brain wallets.

Does he said what wallet he use ?

How it could happen? By setting optional transaction fee to 20 BTC in Bitcoin-qt ?

Yes the address was 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A

Sucks.

Good luck and hopefully they karma gods will be merciful.

People can just send the donations to the actual address that sent the 20btc and they 'll be sure that its owner will get them 

What does it matter?  The address here in the thread corresponds to the key that signed the errant transaction.