Bitcoin User Accidentally Sent $60,000 in Fees—Don’t Make the Same Mistake
Key takeaways A misunderstanding of fee units led to an accidental overpayment worth more than $60,000 during a replace-by-fee transaction. The user confused sat/vB (fee per byte) with total satoshis, leading to an extreme overpayment. RBF replaces a transaction with a higher-fee version, while CPFP adds a new transaction to boost the original; each has … Read more