G here,
This morning I have sad news to bare.
This non-segwit onramp for the USA known as Coinbase might have a massive problem in their unlaying infrastructure
Block Digest's ShinobiMonkey Discusses how a Bitcoin Address claimed by a Coinbases customer with a total of 203 Bitcoins would be leaving dust UTXO's. This would be making the fee 5x times the amount needed to spend the 203 bitcoins at a hefty sum of 1006 Bitcoins!
Something is array in the Coinbase infrastructure with the amount of spend fee UTXO's pumping up the business model for coin base is looking grim
Come join me in watching BLOCK DIGEST #66 : 