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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2016-05-03]IPayYou Bitcoin Wallet Lets Users Cancel Transactions
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BTCBinary (OP)
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May 03, 2016, 01:10:16 PM
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IPayYou Bitcoin Wallet Lets Users Cancel Transactions

Bitcoin wallet solutions are plentiful, but there is still a mental hurdle to overcome by novice users. IPayYou has launched their new Bitcoin wallet solution, which focuses on usefulness and a smooth user experience. In fact, this solution has been built by a former top Amazon executive, which makes this project even more attractive.

http://www.newsbtc.com/2016/05/03/ipayyou-bitcoin-wallet-lets-users-cancel-transactions/
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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May 03, 2016, 03:47:32 PM
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But really, you can't cancel a transaction that is over an hour ( after 6 confirmations).



Even novice users need to be informed of this limitation.
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May 03, 2016, 03:56:13 PM
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This is great news, I have come close to sending what I did not mean to and with an option to cancel it is good for new users.  I also like that a former Amazon exec is behind this. 
I love Bitcoin
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