Is this madness or what? - page 2. | Bitcointalksearch.org

bittraffic

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Yep having your wallet among the block where the halving took place I guess is very historic so historic the man is paying $500k just to be there. I'd not be surprised to find out this isn't just the transactions he did just to be part of the halving block, he could be paying $500k also to that previous transaction lol

Coin_trader

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Quote from: logfiles on April 21, 2024, 10:20:15 AM

The reason someone was spending that much in transaction fees was because they wanted to mint their tokens in the halving block and perhaps hope that people by his tokens and he make way more than he spent on the TX fees.

Which is insane to find another lunatic crypto investor that will buy this garbage token which is priced above half million dollar.

I’m sure they will use another price manipulation like what happened before during the NFT craze which whales create a fake buy just to pump the market price until some gullible whales purchased it thinking that he can made a profit since the item was purchased multiple times that show demand on it.

logfiles

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Quote from: Sim_card on April 21, 2024, 09:25:10 AM

Can someone tell me why he/she will want to do this.

In case you had forgotten a little about ordinals, now we have Runes where someone is able to mint tokens (shitcoins) on the bitcoin blockchain. These tokens or shitcoins are later sold off to gullible newbies or memecoin hunters.

The reason someone was spending that much in transaction fees was because they wanted to mint their tokens in the halving block and perhaps hope that people by his tokens and he make way more than he spent on the TX fees.

stompix

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Quote from: Sim_card on April 21, 2024, 09:25:10 AM

But what I don't understand is someone sending a dust transaction and used 507,109usd to pay for transaction fee so that his $0.70 amount will be included in the bitcoin halving block

They haven't paid to to transfer 70 cents, they've paid to create this:
https://ordiscan.com/inscription/70279589
it's a rune
https://ordiscan.com/rune/DECENTRALIZED

And they paid that much to make sure that it gets minted on block 840 000, that's for bragging rights!

Sim_card

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I saw this on X, and I decided to bring it down here for discussion, because when there is high fee in bitcoin transaction due to spamming on the blockchain, a lot of silly things are done just to get their transaction confirmed.

I know that due to the halving a lot of people are paying high fee so that their transaction will be included in the halving block for some reasons best known to them. Some believes that the next block after the halving will be expensive, which I can understand that. But what I don't understand is someone sending a dust transaction and used 507,109usd to pay for transaction fee so that his $0.70 amount will be included in the bitcoin halving block. Why will one do such, is it madness or he wants to make history or pride. I ask this because this is the time that people are holding tight to their bitcoin, and some careless about the amount of coins that they have.

Can someone tell me why he/she will want to do this.

Topic: Is this madness or what? - page 2. (Read 286 times)