Re: Ouch, today someone made a transaction with over $500k fee.
There are actually many such stories...
In 2013, Friedcat refunded 200 BTC.
In 2014, BTC Guild refunded 30 BTC.
Details @ https://news.bitcoin.com/mining-pool-btc-com-80-btc-fee-refund/
Its thrilling to watch & verify all these on chain. The beauty of Bitcoin.
At first I thought that it is a costly mistake and the person won't get their money back. In 2013, Friedcat refunded 200 BTC.
In 2014, BTC Guild refunded 30 BTC.
Details @ https://news.bitcoin.com/mining-pool-btc-com-80-btc-fee-refund/
Its thrilling to watch & verify all these on chain. The beauty of Bitcoin.
But the examples of miners who have refunded BTC gives me hope that the person in the story gets a refund.
However this brings to thought, two pertinent questions
- Is there any extrinsic reward if the miner refunds the BTC?
- Is there a punishment for the miner whether big or small if they refuse to make a refund even after it has been verified?