@nopara73 @coinbase Seems like the bottom fell out of the fee market over a week before they went down. ¯\_(ツ)_/¯
@cburniske Plans for Kindle?
@CharlieShrem @brianchoffman @adam3us I’d totally hit the strip with all y’all, though I’m a bit busy between now and August 1…
@rinaldi224 @brian_armstrong @coinbase Users are unaffected. https://t.co/0nMt6Pgmgh
Low hanging fruit for @coinbase:
* Offer users high/med/low priority fee choice when sending.
* Batch transactions together every X minutes.
FYI no users were harmed. Coinbase charged users a 0.0006 BTC withdraw fee but paid 0.035 BTC from their own coffers https://t.co/kDlk3xyrPL
@PAITOU Well, @brettarends can start educating himself here: https://t.co/V34A6R170f
@RussHarben @coinbase Perhaps the latter - it’s still happening https://t.co/OUpzk9C5T0
@MrChrisEllis Doesn’t feel like capitulation yet…
@GhaithKayed @emilepetrone @coinbase Sure, that’s better than having your coins held by a custodian.
@tpacchia This doesn’t affect customers; only Coinbase.
@p4miller @MattFnSmith @hrdng They were “lost” by Coinbase in the sense that they grossly overpaid the miners for their services.
@emilepetrone @coinbase I’d recommend buying a hardware wallet and withdrawing to it. Trezor / Ledger / KeepKey - any of them are fine.
@Tom_Horvath Given that it’s pretty much exactly a 100X increase, I bet an engineer made a typo and added/deleted 2… https://t.co/ejVbXTOGRJ
hrdng The last 100 blocks have paid 185 BTC more in fees than the previous 100 blocks, meaning up to $370k has been lost to fees so far.
I’ve just confirmed firsthand: the entity overpaying fees by 100X is @coinbase. You’re hemorrhaging money, folks. https://t.co/wTYFOWuxLa
@hrdng @josusanmartin Hm I don’t follow @hrdng - good time to rectify that!
Let’s see if we can crowdsource this investigation: https://t.co/OHdNtey6w8
@ziggamon @hrdng Shouldn’t be hard to track down the entity to alert them. If anyone receives a deposit with high f… https://t.co/HufEj0M43V
@ColinCryptoNL From looking at various transactions that are being deposited into BitGo wallets, it looks like an honest mistake.
This doesn’t appear to be malicious; I suspect a wallet/service has screwed up their fee calculations. https://t.co/wTYFOWuxLa
Something weird going on; 12 hours ago an entity began sending BTC transactions paying 100X the going fee rate. Ex:… https://t.co/JMyeSKwUvW