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Author Topic: Why I Do [Not] Want Timestamps Inside Transactions, Reloaded (Part II)  (Read 544 times)
o_e_l_e_o
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June 11, 2022, 06:54:57 PM
 #41

But don't unconfirmed transactions drop out of the mempool sometimes because they take too long to confirm?
Only if the mempool is very full and if you have paid a very low fee. Which is why I've repeatedly said that if you want to pay using a zero confirmation transaction, then you need to use an appropriate fee. With an appropriate fee the chance of your transaction dropping out of the mempool in two weeks' time and not confirming before then is incredibly low.

Hopefully they didn't sell something like a car.
And again, as has been explained several times, we are talking about buying a coffee or some fast food. No one is accepting zero confirmations for large values.

so I as the sender can't use child pays for parent
Yes you can, using your change output.
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June 13, 2022, 06:45:59 AM
 #42

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so I as the sender can't use child pays for parent
You can. A typical transaction has one input and two outputs: one for the seller (as a payment for goods or services), and one for the buyer (as a change).
ok well i didn't realized about the change. that's pretty clever.

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You can always do CPFP on your change (unless you created single-output transaction on purpose, but then, what was the purpose of doing that?).
The purpose of doing that could be that you want to send all of your bitcoin to someone. Simple as that. When I say all, I mean all. Not leaving any dust behind. Like for example, you're going all in on an investment and want every milli bitcoin to count.

but back to the main topic of the thread which is distributed timestamping consensus mechanism.
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