2 ms·
$23m transaction fee for $100k transaction?
by ivalm 5y ago
$23m transaction fee for $100k transaction?
- BiteCode_dev 5y agoI assume money laundering
- nprz 5y agoHow would you know which miner would pick up this transaction and process it?
- CydeWeys 5y agoYou privately send it to the colluding miner; you don't publicly broadcast it.
- t0mas88 5y agoThat would be visible to those that save the full protocol state / interactions but probably invisible to almost anyone else. And you could even broadcast it after you know the miner already solved a valid block with it but before they publish it.
- hiq 5y agoYou don't have to propagate the transaction to other miners.
- BiteCode_dev 5y agoI don't know, but it's an unlikely mistake to make, and they have a lot of know how in the business. I expect them to know something we don't about the protocol, and setup things in a way that they get the money with plausible deniability.
- jraedisch 5y agoMaybe do not publish the tx and be the only one including it in potential blocks until successful.
- brazzy 5y agoHow is anything "laundered" in that scenario as opposed to simple sending the money as the transaction content?
- pvarangot 5y agoIt's not. This is like not subtle at all, there's a lot of real time monitoring on fees to decide the optimal one for your transactions. If this was not a mistake and it's really someone trying to hide the 23m transaction, they just didn't know what they were doing. A normal transfer would have been sneakier.
- elif 5y agoIf it were money laundering, they would have not broadcast the transaction. In this case, the transaction was broadcast to the mempool before it was mined.