bostonwine on Nostr: 🤔 This recent transaction strikes me as curious. Someone is consolidating about ...
🤔
This recent transaction strikes me as curious. Someone is consolidating about 1,000 inputs, little UTXOs of exactly 18K sats apiece, into a single output of 17 million sats. Naturally it’s a large transaction in terms of data, so at a fee rate of 16 sats/vB, it cost them over 1M sats to get the transaction into a block.
They’re spending a million sats ($650) to consolidate a thousand UTXOs into a single UTXO of 17 million sats ($10,200).
Does this look like someone paying the price of a daily DCA to self-custody? Painfully pricey, if so.
Also, the destination address is a format I don’t recognize: “15mcK…7TQU” whereas I’m used to seeing the “bc1q…” addresses. Is this multi-sig? Taproot? Some older address format from before my time?
It kind of blows my mind that we as a society actually have this pristine public ledger, which not only defines a continuous of truth and reality, but also provides unlimited learning material: kindling for the flames of curiosity.
I wonder if someone might be able to offer some insight into what’s going on with this peculiar transaction… does it look like a DCA consolidation?
http://mempoolhqx4isw62xs7abwphsq7ldayuidyx2v2oethdhhj6mlo2r6ad.onion/tx/f75539149b63e1a22af4703287c2f05c2087c8e557ac9c0ec00aae1205e903aa#mempool
#bitcoin
#utxo
#asknostr
Published at
2024-05-01 04:55:17Event JSON
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"pubkey": "a80455732d5bfa792f279011a8c871853182971994752b9cf1169611ff91a578",
"created_at": 1714539317,
"kind": 1,
"tags": [
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"content": "🤔\n\nThis recent transaction strikes me as curious. Someone is consolidating about 1,000 inputs, little UTXOs of exactly 18K sats apiece, into a single output of 17 million sats. Naturally it’s a large transaction in terms of data, so at a fee rate of 16 sats/vB, it cost them over 1M sats to get the transaction into a block.\n\nThey’re spending a million sats ($650) to consolidate a thousand UTXOs into a single UTXO of 17 million sats ($10,200).\n\nDoes this look like someone paying the price of a daily DCA to self-custody? Painfully pricey, if so.\n\nAlso, the destination address is a format I don’t recognize: “15mcK…7TQU” whereas I’m used to seeing the “bc1q…” addresses. Is this multi-sig? Taproot? Some older address format from before my time?\n\nIt kind of blows my mind that we as a society actually have this pristine public ledger, which not only defines a continuous of truth and reality, but also provides unlimited learning material: kindling for the flames of curiosity.\n\nI wonder if someone might be able to offer some insight into what’s going on with this peculiar transaction… does it look like a DCA consolidation?\n\nhttp://mempoolhqx4isw62xs7abwphsq7ldayuidyx2v2oethdhhj6mlo2r6ad.onion/tx/f75539149b63e1a22af4703287c2f05c2087c8e557ac9c0ec00aae1205e903aa\n\n#mempool\n#bitcoin\n#utxo\n#asknostr https://image.nostr.build/8996b2c9ea3bd3e502df4d76e92368713ed81aa3cf02d4aed5d256a4713d6274.jpg ",
"sig": "dd54efb2e8c0c8070e6f0658a0e09df299d1217b598fc8d16d479131dbb784ff96ec81b2a64c9171f751e8c20df7b0dffa3ffa196914ae171fdd881d5fbf7a3e"
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