I keep telling you - divide your bitcoins across different services/exchanges/wallets and you will be spared these dumb mistakes
Or just double check you don't send a 20BTC transaction fee.
Topic: Oops - 20BTC fee paid on .05 transaction? (Read 6323 times)
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Or just double check you don't send a 20BTC transaction fee.
Even for the 20 BTC fee, I still think the restriction should be done in the client side. The mining node has no reason to forbid people to pay 20BTC fees, and maybe the user just want to ensure the transaction to be included in a block as soon as possible.
The particular miner has no incentive to reject. The other miners have a slight incentive to reject since it helps protected the reputation of the protocol and it's not like they get the fees for that particular transaction.
It could be implemented as a soft fork. Transactions are invalid if the fee is to large by some definition. If more than 75% of the inputs are paid to fees, then the transaction should be rejected.
The person who did this transaction fee shows himself
Here
https://bitcointalksearch.org/topic/i-accidentally-sent-20-btc-to-p2pool-in-transaction-fees-373807
and Here
http://www.reddit.com/r/Bitcoin/comments/1t1nvl/i_accidentally_sent_a_brainwallet_transaction/
Yes it was due to a brainwallet issue
Here
https://bitcointalksearch.org/topic/i-accidentally-sent-20-btc-to-p2pool-in-transaction-fees-373807
and Here
http://www.reddit.com/r/Bitcoin/comments/1t1nvl/i_accidentally_sent_a_brainwallet_transaction/
Yes it was due to a brainwallet issue
It sounds like he created the transaction using brainwallet.org from a brain wallet address to the payee address without a change address. So there is 20.199BTC input and 0.05271705 BTC output.
https://en.bitcoin.it/wiki/Transactions#Output
https://en.bitcoin.it/wiki/Transactions#Output
Quote
Any input bitcoins not redeemed in an output is considered a transaction fee; whoever generates the block will get it.
this is infact what happened
Quote
[–]aliens_exist_1 11 points 3 hours ago
Nope, I was using brainwallet, and I could've sworn that in the box next to source address I had the my total balance, and in the box next to destination I had the ~0.05 I intended to send
Nope, I was using brainwallet, and I could've sworn that in the box next to source address I had the my total balance, and in the box next to destination I had the ~0.05 I intended to send
Quote
[–]ummhaha 37 points 4 hours ago
I'm sure you did, because that's exactly how the transaction was structured.
When you spend from a brainwallet, you must spend ALL your funds. The difference goes into the fee.
I'm sure you did, because that's exactly how the transaction was structured.
When you spend from a brainwallet, you must spend ALL your funds. The difference goes into the fee.
talk about an expensive lesson
Note to self, never use brainwallet
That sucks so badly all of his money in that fee 
I keep telling you - divide your bitcoins across different services/exchanges/wallets and you will be spared these dumb mistakes
Yes I try to do this as well. I get nervous Ben sending tc worth a couple hundred dollars. It all seems very new and almost anything seems like it can happen in the btc world. At least for now while it's newer
I keep telling you - divide your bitcoins across different services/exchanges/wallets and you will be spared these dumb mistakes
shouldnt be gambling with bitcoins.... 
That the lesson
currency of the future!
Damn I feel for the dude I lost .068 btc cause of my stupid ass trying to use satoshidice and I didn't realize that they had a minuim fee somehow I sent all of my btc .
CLick Click Click, weeza all gunnna be rich!
Dude learned a valuable lesson. and costly one at that.
Jesse Livermore an old speculator in the 1900's would lock himself in a JP morgan vault with his 100's of millions once a year to tally his totals for the year so that he knew that he was actually trading something that had value and not just points on a piece of paper.
He commited suicide broke and penniless in the end so I guess it all comes out in the wash anyhow.
Dude learned a valuable lesson. and costly one at that.
Jesse Livermore an old speculator in the 1900's would lock himself in a JP morgan vault with his 100's of millions once a year to tally his totals for the year so that he knew that he was actually trading something that had value and not just points on a piece of paper.
He commited suicide broke and penniless in the end so I guess it all comes out in the wash anyhow.
Send them to me next time. 
Friendly reposting of
https://bitcointalksearch.org/topic/i-accidentally-sent-20-btc-to-p2pool-in-transaction-fees-373807
https://bitcointalksearch.org/topic/i-accidentally-sent-20-btc-to-p2pool-in-transaction-fees-373807
I am this guy https://bitcointalksearch.org/topic/oops-20btc-fee-paid-on-05-transaction-372725
I don't know where else to post since I can't post in that thread or the official P2Pool thread https://bitcointalk.org/index.php?topic=18313.7200, but I am indeed the fool in question. I know that these things can happen with bitcoin if you are careless, and I know that none of the miners in P2Pool have any sort of obligation to return my coins, but if you are feeling like a very generous person, my address is 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A. I'd also really appreciate if someone could relay this information to either of those threads.
I don't know where else to post since I can't post in that thread or the official P2Pool thread https://bitcointalk.org/index.php?topic=18313.7200, but I am indeed the fool in question. I know that these things can happen with bitcoin if you are careless, and I know that none of the miners in P2Pool have any sort of obligation to return my coins, but if you are feeling like a very generous person, my address is 1Jt35Ww1GjM9iGyTM8mAyBmCPPdPz7Z35A. I'd also really appreciate if someone could relay this information to either of those threads.
shouldnt be gambling with bitcoins....
That hurts.
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
The fee was distributed among 399 miners, would be difficult to contact all of them:
https://blockchain.info/tx/3178271edbc74f77eb507415e130d7ddd72cd2bb1f6817a2a4101c9d9c51e90c
Difficult but not impossible. Real altruism takes effort.
Some miners have given back mistakenly sent fees before I think. Maybe he can get some coins back.
This happened last week, on LTC
http://www.reddit.com/r/litecoin/comments/1smypy/update_huge_thanks_to_litecoinpool_huge_thanks_to/
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That hurts.
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
The fee was distributed among 399 miners, would be difficult to contact all of them:
https://blockchain.info/tx/3178271edbc74f77eb507415e130d7ddd72cd2bb1f6817a2a4101c9d9c51e90c
Difficult but not impossible. Real altruism takes effort.
Some miners have given back mistakenly sent fees before I think. Maybe he can get some coins back.
That hurts.
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
The fee was distributed among 399 miners, would be difficult to contact all of them:
https://blockchain.info/tx/3178271edbc74f77eb507415e130d7ddd72cd2bb1f6817a2a4101c9d9c51e90c
Difficult but not impossible. Real altruism takes effort.
That hurts.
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
The fee was distributed among 399 miners, would be difficult to contact all of them:
https://blockchain.info/tx/3178271edbc74f77eb507415e130d7ddd72cd2bb1f6817a2a4101c9d9c51e90c
That hurts.
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
I do not know the specifics of the payout protocol of P2Ppool, but couldn't they simply send him the coins back in a great display of altruism?
This will give some Bitcoin haters enough material to start ranting about how imperfect the system this.
But hopefully it will also educate some people on how to use it , and to double check what they do if unsure of it.
But hopefully it will also educate some people on how to use it , and to double check what they do if unsure of it.
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