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Author Topic: Bitcoin open source wallets that support replace-by-fee (RBF)  (Read 1433 times)
RickDeckard
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April 19, 2024, 09:19:14 AM
Merited by Charles-Tim (1)
 #61

I am sorry for this late reply. I am not a Bitcoin Core user. But if you can can provide a guide for it, I can add it somewhere in the OP.
Ever since the release of Bitcoin Core 0.14.0 that the RPC command bumpfee can be used - if one uses bitcoin-cli - in order to increase the fee that was used in a specific transaction (as long as it had Replace by fee enabled). In order to increase the fee by using CLI, per bumpfee documentation[2], you have to respect the following command:
Code:
bumpfee "txid" ( options )
Usually people have trouble with the (options] argument because it is classified as a JSON object ant when constructed incorrectly can output errors such as "Error parsing JSON". An example of a command to bump the fee of an unconfirmed transaction in 40 sat/vB would be:
Code:
bitcoin-cli bumpfee <ARandomTXIDhere> '{"fee_rate":40}'
If you're using the GUI version of Bitcoin Core, things are more user friendly - Ever since Bitcoin Core 0.15.0[3] there is a graphical option for a user to replace the fee of an unconfirmed transaction (assuming it has RBF enabled) by just going into the menu Transactions -> Right-Click on the unconfirmed transaction -> Choose Increase Transaction Fee and then choose the desired sat/vB rate.

[1]https://bitcoincore.org/en/releases/0.14.0/
[2]https://bitcoincore.org/en/doc/0.21.0/rpc/wallet/bumpfee/
[3]https://bitcoincore.org/en/2017/09/01/release-0.15.0/

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LoyceV
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July 06, 2024, 07:06:06 AM
 #62

RBF has it's downsides for privacy: I always use coin control, and I try to avoid change. So when I used RBF in Bitcoin Core, it took another input, and added it to my transaction. I didn't expect that, and didn't get a warning about it. It's bad for privacy, and lead to a much larger transaction: 2 inputs and 2 outputs instead of 1 input and 1 output.

Charles-Tim (OP)
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July 06, 2024, 07:19:26 AM
Merited by LoyceV (4), RickDeckard (2)
 #63

RBF has it's downsides for privacy: I always use coin control, and I try to avoid change. So when I used RBF in Bitcoin Core, it took another input, and added it to my transaction. I didn't expect that, and didn't get a warning about it. It's bad for privacy, and lead to a much larger transaction: 2 inputs and 2 outputs instead of 1 input and 1 output.

On Electrum, I can select 'decrease payment' for both bump fee and cancel transaction if I want the additional fee to be deducted from the coins in the transaction (which would be replace by another transaction).



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July 08, 2024, 07:27:48 PM
 #64

RBF has it's downsides for privacy: I always use coin control, and I try to avoid change.
How are you avoiding change?
Only way I know is by sending full amounts, but in situations like that I wish bitcoin was more like monero.

So when I used RBF in Bitcoin Core, it took another input, and added it to my transaction. I didn't expect that, and didn't get a warning about it. It's bad for privacy, and lead to a much larger transaction: 2 inputs and 2 outputs instead of 1 input and 1 output.
This looks more like a issue with Bitcoin Core wallet than with RBF itself.
I guess you could freeze all other addresses in your wallet to make sure they won't be sent without warning.

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LoyceV
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July 09, 2024, 06:49:24 AM
 #65

RBF has it's downsides for privacy: I always use coin control, and I try to avoid change.
How are you avoiding change?
Only way I know is by sending full amounts
Sending the full amount works, or combining multiple payments, or sending the change to an exchange (so it's someone else's problem). Sometimes I send it to an online account where I can use the balance later.
Obviously this doesn't always work, and for small payments I avoid using Bitcoin if possible. I don't like it, but I like Bitcoin too much to waste it on high fees Tongue

So when I used RBF in Bitcoin Core, it took another input, and added it to my transaction. I didn't expect that, and didn't get a warning about it. It's bad for privacy, and lead to a much larger transaction: 2 inputs and 2 outputs instead of 1 input and 1 output.
This looks more like a issue with Bitcoin Core wallet than with RBF itself.
I guess you could freeze all other addresses in your wallet to make sure they won't be sent without warning.[/quote]
Yep, it's a Bitcoin Core thing. I now know, so I won't let it happen again.

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