Sorry for the bump but are you guys aware of the fact that people might scam with that method? A lot of people do not know that it is possible to "delete" unconfirmed transactions, so they might give the goods or whatever before it gets confirmed. Or do I miss something here?
It's not that easy. If you were to try to replace a transaction, nodes that has a transaction which spends that UXTO will reject it. Hence, the probability of nodes relaying and propagating them is very low.
However, it is very possible with opt-in RBF. Nodes can be configured to accept and relay transactions which spends the same UXTO as another transaction in the mempool and has Opt-in RBF flagged.
If you are dealing with huge amount of BTC, wait for at least a confirmation. It's that simple.
Tl,dr; it isn't super easy.
I just understood the half of your answer but shouldn't it be possible to apply what the original poster described, wait a week and then spend the funds?