Apologies on the large distro, but I would like to request the help of a well respected person on this forum.
My request for CPFP client-side controls:
https://github.com/d4n13/bips/blob/master/bip-00nn.mediawikiI've been trying to advocate CPFP to transactions out of the mempool. I have a working script and would like to volunteer my time as a "Transaction Lifeguard" fishing transactions out of the mempool. It is fairly easy, and I fished one of my transactions out after 8 days. Since everyone needs this, I was going to do it for a small fee (3 mBTC) that would be paid to an address. That address would hold the funds to pay a wallet developer to add CPFP to a mainstream wallet. Since me controlling the wallet would sound like a complete scam, I wanted to offer to create a 2-of-2 multisig that a respected entity on the forum shared. My idea goes something like this.
- Create multi-sig addr { $myProfileBTCAddr, $yourProfileBTCAddr } -> $bountyAddr
- Post a thread (in Bitcoin) advertising the CPFP bounty campaign and $bountyAddr
- Post a thread (in MarketPlace) offering transaction lifeguard services
- People requesting rescue on their SPEND TX would send( $thierTransID, $addrOfIntendedTxRecpt, $mBTCwillingToPay )
- People requesting rescue on their RECIEVING TX would send ( $thierTransID, $thierRecvAddr, $mBTCwillingToPay )
- From (4,5), determine the address the requester owns in the unspent TX outputs ( $unConfTxOutput )
- Create a high-fee CPFP transaction ( $unConfTxOutput -> { $unConfTxOutput, $bountyAddr } )
- Mail / Post the TX hex back to the requester for them to sign in mycelium or bitcoin-qt, or whatever
- Help requester submit the CPFP TX to Eligius for processing
Each transaction rescued will add 3 mBTC ($1) or more to the $bountyAddr and entice more people to submit Pull requests to claim it.
Obviously I need an address to include in step (1), and I don't how easy step (8) will be for the average user. Also, don't know of 3 mBTC is the right price, or if this whole idea has gone sideways.
I can of course proceed on my own, but I seriously doubt if people would trust me to give the money to the devs and not just run off with it.
Thx.
EDIT: Proof-of-Concept that CPFP works.
https://bitcointalksearch.org/topic/1st-conf-after-188-hrs-the-unconfirmed-tx-highscore-week-of-jul-5th-1113169