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mutatrum
bdbe1bdbc9b25a8d89d8fdaf0be1a0dcd837bac9691f597892903a5fdd86e27f
I make stuff: https://github.com/mutatrum

It's a large number of consolidation transactions, probably from an exchange and my guess it's Binance. They do them in bulk, once every 3 months (IIRC), and dump a boatload of these massive transactions into the mempool all at once, pushing up the fees, including their own. Each of those big squares is a few $1000s in fees, and they have dozens of blocks worth of transactions.

By spreading them out and maybe doing them one by one, continuously, they could keep their fees a lot lower. But no, they spend half a million USD in fees, just because they are dumb.

You can play with https://iancoleman.io/bip39/ to see what happens.

In short: without a passphrase, the 12/24 words are entropy and get hashed into your private key. With a passphrase, this is added to the entropy, creating a completely separate wallet.

The difference between the two is that the bip39 encoding (the 12/24 words) have a checksum built in, so if you make a mistake, it most likely will catch that. You can try this by changing one of the seed words if you generate a random seed.

The passphrase does not have a checksum, so any typo will create a completely new wallet.

Not the best explanation, but mainly a shill for Ian's great tool.

Whoever wrote this consolidation algorithm should be sacked.

Clicketyclick, Uncle is spearheading the fiatjaf vs BI case. This needs all the reposts and likes and bookmarks.

https://x.com/r0ckstardev/status/1798991677190971761

I appealed. I don't know how this is not covered under DSA?

Replying to Avatar corndalorian

What did I miss?

I saw it. Now you have to see it too.

Oh look, Adobe want to look at your files.