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4055 sats \ 7 replies \ @jimmysong 10 Sep 2023 \ on: A fee of 19 BTC , block 807057,what is happening? bitcoin
I've seen this before and it's almost certainly developer/transaction construction error. One of the things I make sure to teach about Bitcoin transactions is that you have to send the change back to yourself or it ends up as a fee (tx outputs have only two states, spent and unspent). I suspect that's what happened here. That person made a tx without a change output.
It's not uncommon and has happened quite a few times in Bitcoin history.
Painful lesson in this case.
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I take it back. I agree with Jameson that it's bad software from what's probably an exchange: https://twitter.com/lopp/status/1700985810714239222?s=20
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Pain is the best teacher 😂💯
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Only if you survive it :(
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will be interesting to know how this transaction has been done, which wallet has been used 🤔
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This makes a lot of sense. But wouldn't a wallet at least warn, or show that the fee is way off the charts?