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.

đź‘€

Clicketyclick, Uncle is spearheading the fiatjaf vs BI case. This needs all the reposts and likes and bookmarks.
Everyone who goes on X and reports doxx posts of Fiatjaf for privacy violations, and publishes screenshot proof here in the replies, will receive at least 2121 sats from me.
Instructions by nostr:npub103a6vk43crw497dlaptwfmhctxqu22mwepshjcvvp29fzwrhtx4q675n6p: https://x.com/BitcoinBRS/status/1798804354322796589

I used the EU privacy violation report. You can't make screenshots of that form on Android, it's locked.
Here you go nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424.

nostr:note16zj6fy2axhh3ylfzhnjd8x67vp7ytnxaanuamnr3xr8tnl6p0wcqetzj3p
I'm prepared.

Oooof

It's fine you can read the necklace but you recognized the turtle?
Someone should make a Wolf of Wall Street addon with a smacked Leonardo in LEGO.
đź‘€

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

#Bitcoin trying to break 72k
https://video.nostr.build/3605a08a3b8c01dbadd8f528d39a7da33650ed3dc9a2420ce6b31be2fad26e02.mp4
Source: crypt_mike_x on twxt
Oh look, Adobe want to look at your files.




