TheBitcoinManual on Nostr: We all have to learn about Bitcoin the hard way and recently Paxos F'd around and ...
We all have to learn about Bitcoin the hard way and recently Paxos F'd around and found out when they overpaid $500,000 in fees on Sept. 10
They are a well-known stablecoin issuer and should know better but they made a mistake, but now they're asking miners to save them and begging F2Pools to give the money back.
We've all overpaid for transactions before, obviously not to this extent, many have also F'd up transactions and no one came to save the plebs that did, so why do companies get special treatment?
If the pool does hand back the funds to me it just shows mining pools have way too much say in the network and if I was a miner I'd be pointing my hash somewhere else if im losing a possible share in a 20 BTC windfall
Will be interesting to see what the outcome will be, but I thought we don't get do-overs in #Bitcoin, doesn't this set a dangerous precedent?
https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction
They are a well-known stablecoin issuer and should know better but they made a mistake, but now they're asking miners to save them and begging F2Pools to give the money back.
We've all overpaid for transactions before, obviously not to this extent, many have also F'd up transactions and no one came to save the plebs that did, so why do companies get special treatment?
If the pool does hand back the funds to me it just shows mining pools have way too much say in the network and if I was a miner I'd be pointing my hash somewhere else if im losing a possible share in a 20 BTC windfall
Will be interesting to see what the outcome will be, but I thought we don't get do-overs in #Bitcoin, doesn't this set a dangerous precedent?
https://cointelegraph.com/news/paxos-confirms-responsible-for-500k-mistaken-bitcoin-transaction