Imagine a day that starts like any other, bread is slowly smouldering in the toaster, while the faint aroma of coffee drifts through the air. You boot up the laptop to run through the morning’s news, and decide, what the hell, let’s list that pet EtherRock for a cool million dollars. Then, in an instant the asset has gone, and your wallet remains disturbingly empty.
Suddenly, all the colour and heat leaves your body, and a cold sweat takes over as you try to figure out what happened. Prodding furiously at the keyboard, hoping for a miracle. Then you see it, the price not input as 444 ETH, but 444 WEI. Not even enough money to brown your slice of toast. This is the scenario facing unfortunate Twitter user and NFT collector, Rock Dust.
How’s your week?
Mine? I just erroneously listed @etherrock #44 for 444 wei instead of 444 eth🤦♂️
Bot sniped it in the same block and trying to flip for 234 eth
In one click my entire net worth of ~$1 million dollars, gone
Is there any hope?
Am I GMI?
Can snipers show mercy? pic.twitter.com/yq9Itb2Ukb
— Rock dust 😭 (@dino_dealer) March 10, 2022
After around three days, when the sheer terror of it all has died down enough to regain motor function, Rock Dust shared his story with Twitter. What occurred, is a common mistake within the NFT sphere, happening so often it has coined its own term.
Rock Dust had ‘fat fingered’ the price listing, and before even realizing a mistake had been made, a bot swooped in and relieved him of his EtherRock. Since that fateful day, his erstwhile asset has sat with a listing of 234 ETH ($600k), and as yet remains unsold.
In carpentry, the term ‘measure twice, cut once,’ circulates the industry. Meaning, that once committed, there’s no going back. Therefore, the same applies for NFTs, double check that listing, it could be the most important thing you ever do. It’s better to miss out on a sale than to list a million-dollar rock for a fraction of a cent.
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