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Title: Create a transaction that adds a fee to an older transaction? Post by: dillpicklechips on January 11, 2014, 03:10:53 AM If there was a transaction that won't confirm it would be neat to be able to create a whole new transaction that is only fees and somehow a condition is set that the fees will go to whoever confirms the older transaction. If the older transaction gets confirmed before the new fees are relayed the fees just go to whoever mined the block.
Then if someone has a transaction that they need to confirm right away can add more fees to it if needed by right clicking or something on it and clicking "add more fees". Would it be hard to do? Title: Re: Create a transaction that adds a fee to an older transaction? Post by: g3raint on January 11, 2014, 03:17:57 AM Although Bitcoin supposedly is in Beta, I argue that this is Still in Alpha.
Come on guys this IS the best Value Exchange for the internet that we have........ G Title: Re: Create a transaction that adds a fee to an older transaction? Post by: empoweoqwj on January 11, 2014, 03:40:57 AM Although Bitcoin supposedly is in Beta, I argue that this is Still in Alpha. Come on guys this IS the best Value Exchange for the internet that we have........ G Why do you keep spreading FUD about bitcoin? If you didn't have that lovely elephant in your logo I would be slightly annoyed ;) Title: Re: Create a transaction that adds a fee to an older transaction? Post by: bitpop on January 11, 2014, 03:43:30 AM Pay for parent, helping orphans since 2015
Title: Re: Create a transaction that adds a fee to an older transaction? Post by: agorism on January 11, 2014, 07:01:09 AM Adding such a feature to bitcoin should be fairly easy.
You are waiting for tx1 to be accepted, and it is taking too long. So you create a new transaction tx2. tx2 spends from tx1. tx2 pays a bigger transaction fee. Put both tx1 and tx2 into a message, and send it to miners. Miners should be able to put both of these transactions into the same block, and collect fees from both. We just need to update the miner's software so that they can accept lists of transactions that each depend on the previous. We need miners to intelligently look at all the miner fees in the list of transactions, and determine if it is worth it to include the list in the block they are mining. If you created mining software with this feature, it would be in the best interest of every miner to use this feature, because the miners can make more money. Title: Re: Create a transaction that adds a fee to an older transaction? Post by: drewster on January 11, 2014, 07:30:55 AM Adding such a feature to bitcoin should be fairly easy. You are waiting for tx1 to be accepted, and it is taking too long. So you create a new transaction tx2. tx2 spends from tx1. tx2 pays a bigger transaction fee. Put both tx1 and tx2 into a message, and send it to miners. Miners should be able to put both of these transactions into the same block, and collect fees from both. We just need to update the miner's software so that they can accept lists of transactions that each depend on the previous. We need miners to intelligently look at all the miner fees in the list of transactions, and determine if it is worth it to include the list in the block they are mining. If you created mining software with this feature, it would be in the best interest of every miner to use this feature, because the miners can make more money. If the transaction hasn't been confirmed into a block, couldn't you create A new transaction that has same or additional inputs (as needed) and includes the added or higher fee? Only one will end up confirmed, so neither way you are good, right? Or am I missing something. Title: Re: Create a transaction that adds a fee to an older transaction? Post by: deepceleron on January 11, 2014, 07:37:38 AM Old topic. https://bitcointalk.org/index.php?topic=151430.msg1624485#msg1624485
Title: Re: Create a transaction that adds a fee to an older transaction? Post by: g3raint on January 13, 2014, 12:23:27 PM Although Bitcoin supposedly is in Beta, I argue that this is Still in Alpha. Come on guys this IS the best Value Exchange for the internet that we have........ G Why do you keep spreading FUD about bitcoin? If you didn't have that lovely elephant in your logo I would be slightly annoyed ;) What is FUD, and I don't actually remember writing this as It doesn't answer the previous question. ???? G Title: Re: Create a transaction that adds a fee to an older transaction? Post by: bluemeanie1 on January 14, 2014, 11:23:35 PM Although Bitcoin supposedly is in Beta, I argue that this is Still in Alpha. Come on guys this IS the best Value Exchange for the internet that we have........ G kind of interesting that there ARE alternatives out there but strangely the one that took off is the one that 1) doesnt offer privacy 2) requires expensive processing banks. kinda makes you think for a moment... -bm |