The trader pays $ 60,000 to one Bitcoin treatment
- Bitcoin user prompted approximately 0.75BTC in transaction fees.
- This is equivalent to approximately $ 60,000 in processing time.
- The user tried to replace the initial treatment they made and may have made a mistake.
- There is no way for the user to recover money. The error raises questions related to the user experience while dealing on Bitcoin.
User deals on Bitcoin The network paid a highly slope treatment fee of 0.75BTC, which equals about $ 60,000 ($ 100776) at the time of treatment.
It is very likely that the user will move by accidentally and use its replacement mechanism (RBF) in an attempt to replace his initial treatment. RBF allows users to replace a transaction suspended with a new treatment by paying the cost of a higher transaction.
The reputable treatment occurred after midnight UTC on April 8, 2025 and included a second RBF after the initial treatment and the first RBF.
How did this happen?
Such a mistake demands one to ask what can cause such a big mistake.
Perhaps a panic user has accidentally entered into the wrong SAT value when writing the fees that must be used manually in his treatment. Sats is the value of a smaller unit to measure bitcoin.
Another possibility is that the user mixes fees with absolute conditions instead of the fees in terms of Satoshis for each virtual byte. It is also possible that there is an error in the automated text program.
Such a mistake leads to a question whether UX of Bitcoin dealing is a suitable standard for mass adoption. It also serves as a possible example of the reason for collective dependence in terms of transactions on other chains.
However, the arguments for the basic Bitcoin purpose are found as a value store, not a chain transaction center. However, if one wants to own or transfer his assets on the chain, it will remain an example of the bad experience.
Even if the error was at least due to the user’s mistake, the user interface may still be better and UX to help solve such problems.
How does bitcoin work?
Bitcoin transactions are completed by inserting them into a block with assurances by other blocks inside the same chain. Although transactions are present in Mempool, miners are the ones who decide what to confirm, and this is mainly decided to pay the highest price of treatment.
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