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    Author Topic: someone pays 83.65 $BTC ($3,136,058) in transaction fees, overpaying by 120,258  (Read 503 times)
    Gormicsta (OP)
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    November 24, 2023, 06:34:24 AM
     #1

    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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