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bcforum (OP)
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June 26, 2011, 01:33:28 AM
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Bunch of 48K+ plus transactions with small amounts (~10) being split off. Is that normal? If I have a large sum in my wallet and I give somebody 10 coins does it go into the block as 50K from key X (mine) ---> 49,990 to key Y (mine) and 10 to key Z (somebody else?)

For reference:
http://blockexplorer.com/block/0000000000000464742a8d6147c4ef3a0d41658f643d624555a1cfa9c80aa0f3
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June 26, 2011, 01:58:52 AM
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Decentralized Design
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June 26, 2011, 02:04:38 AM
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It's very weird. The transactions form a chain. My bet is that some automated system controlling 48,000BTC or so doesn't group its transactions. So when they had to make a lot of small payments, they embedded each one as its own transaction. This caused them to waste a lot of money (.1 BTC in this block alone) on transaction fees.
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June 26, 2011, 02:09:32 AM
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Quote from: BitcoinPorn on June 26, 2011, 01:58:52 AM
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June 26, 2011, 02:23:51 AM
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Quote from: JoelKatz on June 26, 2011, 02:04:38 AM
It's very weird. The transactions form a chain. My bet is that some automated system controlling 48,000BTC or so doesn't group its transactions. So when they had to make a lot of small payments, they embedded each one as its own transaction. This caused them to waste a lot of money (.1 BTC in this block alone) on transaction fees.
Yep, I see the pattern now.
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