Why would anyone spend $65 in fees to send 500+ outputs for .001BTC to the same address?https://blockchain.info/tx/0270a4af1269b52bf242390076faa460cfcffe2db74bc748163d8de94e9ce875 then clicking through to the input address, it has some really bizarre transactions. Tons of transactions that have undecodeable outputs, and also, blockchain.info shows that only .003 btc was transacted for many of them, when clearly more was transacted. Indeed, clicking through to the transaction itself shows the correct amount. What is going on here?? https://blockchain.info/address/1F89hmmrtonJfAQNAqDmeDadcw7AsZcvXG
The "Unable to decode output address" are as Nate commented OP_RETURN scripts whose purpose is to insert a short message or data snippet into the block chain. They are not so bizarre
Looking at some of the timestamps on the smaller transactions they are not all sent at the same time and fairly spaced out like someone might be manually making the transactions as opposed to a script running. Each transaction is approx 30 USD so maybe not so unusual?