Topic: Receiving Unconfirmed TX - page 2. (Read 1180 times)

Yea but this issue is caused by lazy unprepared services.

Almost all services still use a default fee of 0.0001 or 0.0003 instead of pegging it to the fee market with a simple API call:

https://bitcoinfees.21.co/api

It would be very easy to integrate this api call inside all major wallets so that vendors with autopay methods can just peg the fees to this.


So the stuck transactions are actually the fault of the services with autopay , not individual users.

i suspect we will all see messages from the "everything is fluffy unicorns" blockstream party.
please note my comments are not directed at anyone in particular. but if some comments sound like things you say.. then it may be relevant to you

lets make some rational comments about real life

1. imagine you went to walmart to buy any product, whether its baked beans or a large TV. on monday they say there is a 4cent fee, tuesday its a 7 cent fee, wednesday is a 9cent fee.. ignoring the actual price.. just the variation of the fee alone is not helpful to average people. EG X:"whats the fee tomorrow" y:"dont know".. is a conversation that is not positive in anyway, shape or form... unless you ride unicorns

2. lets go deeper into that path. knowing the fee varies, having to check what the current fee "might be" to then make a transaction. is not something people do when out shopping. if the fee worked out as 0.00035840 for your transaction.. average real world people wouldnt know if its best to make it
0.00035841     0.00035850   0.00036000   without having to do some maths in their head to work out high much extra premium they are actually adding

3. by automating it to solve 1&2 would no longer make it a "free market", but structured inflation because now its automatically going to increase. not only that you cannot have a limitation on utility which you know would effect the fees.. no longer makes it a free market of choice but an auction house of limited stock for the rich and greedy to dominate

4. even with a fee there are NO guarantee's it will be in the next block. there is only a "presumed high chance" due to outbidding your other X thousand competitors every 10 minutes.

5. pretending everything is perfect fluffy unicorns to people already using bitcoin is futile propaganda. your trying to use a sales pitch for people already using it. your preaching to the converted and they have already seen the light. they do not need sales pitches. they have personal experience. which just so happens to contradicts the fluffy unicorn theory.

6. again saying if you pay the fee you will get in the next block.. is not guaranteed advice. if there are 5000 people making a transaction each.. even if they paid $20,000,000 as a fee each. not everyone is getting in the next block. no matter what you say its just not possible. there are no guarantees

in short
NEVER EVER EVER tell people bitcoin is a virtually free, instant payment system.
never tell anyone that "your merchant should accept zero confirms, blame them"
never tell anyone that "its your fault for not paying a premium above everyone else"

if you can only shout out blame but cannot come up with a solution to make things easier, without harming the system or the user experience. then you obviously lack many skills. one of which is PR.
it is better to be honest and tell the world that bitcoin is not instant nor free. and let people come into bitcoin prepared. rather then lie lie lie and even insult those already using it, because they havnt found the unicorn you promise them

do not over promise. basically.. be rational, be realistic. be honest. and whatever you do. do not promise them a better future if you have only read some words on paper about the future but not personally experienced the future first hand

There is a big chunk of unconfirmed TX right now. The big issue I see is not when you send transactions, because everybody by now with half a brain can put normal fees to their TX. The website https://bitcoinfees.21.co is just for that put 70 satoshi/byte or 0.0007168 BTC/Kb.

The problem is when you receive bitcoins. Some services are too slow to adapt and dont care, so when you withdraw coins they still put 0.0001 BTC on every transaction even if the transaction size is way bigger than average.

It's horrible, I already had this problem a few weeks ago, and now I see people on reddit complaining about this that their TX don't confirm because the sender put too low fees. So you have to wait now because of their stupidity. So yea, the services should really start pegging their withdrawal fees to  BTC/KB or sat/byte instead of throwing around 0.0001 BTC randomly.

It's really annoying.

Just use this API to peg your transaction fee to the fee market price, how hard is it?

https://bitcoinfees.21.co/api