Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos for 'Fat-Fingers' Error

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Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos for 'Fat-Fingers' Error
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Miners can choose to return large fees out of goodwill, even though they do not have any obligation to do so.

’s Wang suggested the claim was made after the initial deadline, citing timezone differences.

“I was annoyed and regretted agreeing to refund that 20 BTC,” Wang said. “Especially when I saw the person claiming it kept saying EST instead of EDT/UTC. Last time a Zcash guy did that, I blocked his entire company.” An X poll under Wang’s post seemed to gather community sentiment for the eventual decision. Of nearly 1,700 voters as of Asian afternoon hours, 37% felt the fees should be distributed to miners, 27% felt it should be returned to Paxos, 21% voted on freezing the bitcoin, while the remaining favored a 50% split between miners and Paxos.

“50/50 seems reasonable,” said @chjango, a Cosmos developer. “50% to miners in the network who should’ve gotten it otherwise. 50% back to paxos and let them appreciate the -50% cost of doing business and learn how to properly implement change outputs.”

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