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What happens if I sign one transaction without broadcasting it, then sign another? I don't think the first one affects the second one that I actually broadcast. 🤔 then the first transaction would become invalid if I try to broadcast it in the future.
If you have a utxo that you use in one psbt you sign but do not broadcast
and then you use the utxo in another psbt that you do not broadcast
the first one that successfully makes it into a block makes the other invalid.
You can sign as many different transactions using your utxos as you like, but nodes will only recognize the first one they see in a confirmed block.
So it doesn't matter how many times I sign, the block would only care which one I broadcast, right?
Great tutorial! @DarthCoin had already mentioned this possibility, thanks for bringing it up. If you’re offline when you sign, there’s no way the offline device will ever know whether the transaction was broadcast and confirmed. There might be some restriction in the app you use to sign, but in principle there shouldn’t be, since the confirmation never reached that device.
Thanks! I feel like I just discovered the real magic of the internet money.
PSTs are a super power! I love how you describe this flow for using them.
Valid bitcoin transactions don't necessarily expire, but there are things that can happen that make it so they don't get confirmed (or become invalid) when you broadcast in the future:
Those are the main things I can think of that would make it "expire." Ideally, bitcoin functions along the lines of a valid transaction is always a valid transaction and you can successfully get your signed transaction into a block 20 years from now.