Create a transaction that adds a fee to an older transaction?

bluemeanie1

sr. member

Activity: 280

Merit: 257

bluemeanie

Quote from: g3raint on January 10, 2014, 10:17:57 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

g3raint

member

Activity: 84

Merit: 10

Quote from: empoweoqwj on January 10, 2014, 10:40:57 PM

Quote from: g3raint on January 10, 2014, 10:17:57 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 Wink

What is FUD, and I don't actually remember writing this as It doesn't answer the previous question. Huh

?

G

deepceleron

legendary

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Merit: 1036

Old topic. https://bitcointalksearch.org/topic/m.1624485

drewster

member

Activity: 74

Merit: 10

Quote from: agorism on January 11, 2014, 02:01:09 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.

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.

agorism

newbie

Activity: 45

Merit: 0

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.

bitpop

legendary

Activity: 2912

Merit: 1060

Pay for parent, helping orphans since 2015

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: g3raint on January 10, 2014, 10:17:57 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 Wink

g3raint

member

Activity: 84

Merit: 10

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

dillpicklechips

hero member

Activity: 994

Merit: 507

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?

Topic: Create a transaction that adds a fee to an older transaction? (Read 955 times)