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Topic: someone pays 83.65 $BTC ($3,136,058) in transaction fees, overpaying by 120,258 - page 2. (Read 417 times)

newbie
Activity: 6
Merit: 0
That is the opposite of a dopamine hit when a transaction completes. Ouch.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
My assumption: that dude was either totally hammered drunk, was under some illegal substance, was just totally tired, or is one of the most careless people in the entire world. Even if you were in a total rush to send a transaction, there's no way someone would be okay with paying that high of a fee.
hero member
Activity: 406
Merit: 443
Mostly a problem with the software or an error in passing the values. Instead of passing the value to the transaction, it is passed as a fee, and this is not the first time. It happened here Paxos Behind $500K Bitcoin Fee Overpayment For $2K Worth of BTC Transfer where the fee was about 20 bitcoins, and it was recovered here  Bitcoin Miner F2Pool Returns 19.8 BTC to Paxos After Overpaid Fee
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
There are two other related threads recently where you can get your answers, that it was most likely be a mistake.

Get you answers here: Someone just paid 83BTC for transaction fee,

Or here: Is\will Bitcoin become unaffordable to use?

Just to avoid repeating what has been posted about this before, lock this thread.
member
Activity: 168
Merit: 77
I was on my phone today reading some article when I got a pop up notification from the X app ( Then known as Twitter) and the content of the notification made me pause to look at the notification and check if this was real or maybe it's  someone just tryna messing with people online. I further looked up the information and found out it was real. I mean why on earth would someone pay 83.65 BTC ($3,136,058) in transaction fees on the Bitcoin network? Which is typically 120,258 times more than the actual fee of 0.0007 Bitcoin ($26.66) for a transaction. I keep asking myself why in earth would someone do that because it doesn't make sense why a user would pay such an enormous amount for transaction fees. Could it have been an error when setting the transaction fee or maybe it was a deliberate attempt to manipulate the Bitcoin Market because this Scenario has currently sparked lots of discussion in the Bitcoin community if it was indeed an error or a deliberate attempt to manipulate the market.

Well I wouldn't know the reason for the action and that's why I brought it here if anyone would provide a more logical reason that led to this action.
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