Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Coinbase on the defensive about these bitcoin ordinal centralized meme coins
by
rdbase
on 12/05/2024, 13:05:32 UTC
⭐ Merited by xhomerx10 (1)
One of the Wall Observer's regular residents had this question up on that board:
WTF, Is it believable for a low amount transaction of this fee.

4 may 2024, someone paid $100,608 fees for their $6 amount Bitcoin transfer.





Hmm. No change address. Weird. I don't think any legit wallet would miss that.



Looks like they mixed up the fee and the output fields, ie meant to send the ~1.6 btc


There is no fee field. Any fund not allocated is the fee. Usually you have the target and the change address (though you can't necessarily tell which is which) but you can have more target addresses if you want.

 Somebody really wanted that sat.  Why? I do not understand.

https://ord.link/70623833


The block was worth so much due to the auction for it because of the rune within it was worth alot more to most.
And the thing is, the ones who bid on it DO NOT get it back if they lose.
So the potential winner just keeps bidding til they actually win it or they just wasted their time and obviously their bitcoin bid!
Sounds only for the crypto rich style auction house type bidders to be a part of. Grin