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174 sats \ 6 replies \ @DarthCoin 8 Apr \ on: "NO REFUNDS" - TRANSACT WITH CAUTION bitcoin_beginners
Explain what? How RBF works? Is simply replace a tx with another one with a higher fee.
402 payment required channel have an excellent video tutorial for that.
and here is a video about CPFP (child pay for parent) - when you keep the same tx but pay a higher fee from a child address.
write
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0 sats \ 5 replies \ @unschooled OP 8 Apr
Ok so RBF actually replaces the initial transaction, whereas CPFP is a rebroadcast? I'm still a little confused when when they say this person
forgot to update their change output
From the tutorial, it looks like electrum wallet doesn't even require this step.
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11 sats \ 1 reply \ @02a9a61fdc 8 Apr
CPFP is not a rebroadcast. When doing CPFP, the recipient spends the output before it is confirmed, but with a high fee. If the miner wants to collect the high fee, he has to mine both transactions because the one with the second one (the child) depends on the first (the parent).
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0 sats \ 0 replies \ @unschooled OP 8 Apr
Thanks for the point of clarification.
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11 sats \ 2 replies \ @DarthCoin 8 Apr
Electrum and Sparrow are doing RBF and CPFP in very simple steps. Just right click on a unconfirmed tx and you can choose one or another method.
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0 sats \ 1 reply \ @unschooled OP 8 Apr
Lol, so this midwit did something weird. I'm still trying to wrap my head around how they messed up so badly.
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11 sats \ 0 replies \ @DarthCoin 8 Apr
yeah many noobs doing this, due to bad UI of the wallets they use. Many noobs are using really trash wallets. Could be also a bad script of an app too.
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