What happens to transactions in an orphaned block? How can I fix stuck transactions? How do replace-by-fee (RBF) and child-pays-for-parent (CPFP) work?
These questions are from part of the May and August monthly Patreon Q&A sessions, which took place on May 26th and (late) on September 1st 2018 respectively. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
RELATED:
How do I choose a wallet? – https://youtu.be/tN6b62sEpsY
Secure, tiered storage system – https://youtu.be/uYIVuZgN95M
Hardware wallets and attack surface – https://youtu.be/8mpDcBfNA7g
Setting up secure storage devices – https://youtu.be/wZ9LxLLvfXc
What is a private key? – https://youtu.be/xxfUpIV9wRI
How do mneomonic seeds work? – https://youtu.be/wWCIQFNf_8g
Using paper wallets – https://youtu.be/cKehFazo8Pw
Wallet design and mass adoption – https://youtu.be/WbZX6BDZJHc
Cryptographic primitives – https://youtu.be/RIckQ6RBt5E
Public keys vs. addresses – https://youtu.be/8es3qQWkEiU
Re-using addresses – https://youtu.be/4A3urPFkx8g
Passphrases and seed storage – https://youtu.be/jP7pEgBpaO0
Coin selection and privacy – https://youtu.be/3Ck683CQGAQ
Multi-signature and distributed storage – https://youtu.be/cAP2u6w_1-k
Nonces, mining, and quantum computing – https://youtu.be/d4xXJh677J0
Is quantum computing a threat? – https://youtu.be/wlzJyp3Qm7s
Spam transactions and Child Pays For Parent – https://youtu.be/t3c0E4fkSNs
Miners, pools, and consensus – https://youtu.be/JHz7LM4ncLw
Software distribution security – https://youtu.be/_V0vqy046YM
Protocol development security – https://youtu.be/4fsL5XWsTJ4
Geopolitics and state-sponsored attacks – https://youtu.be/htxPRTJLK-k
How to get people to care about security – https://youtu.be/Ji1lS9NMz1E
Honest nodes and consensus – https://youtu.be/KAhY2ymI-tg
Why running a node is important – https://youtu.be/oX0Yrv-6jVs
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8
[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042
[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Music: “Unbounded” by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
source
1sat/byte works just fine using bitcoin (BCH) for me, always included in next block but i don't wait for that because we have 0-confirmation.
I sent LTC from coinbase to my Trezor BTC wallet by mistake….. is there anything I can do to fix the problem? to me it just looks like my LTC disappeared.
Hi Andreas. How big a deal (for Bitcoin) are the Drivechain proposed by Paul Sztorc (@Truthcoin) ?
What is the incentive of mining zero fee transactions? why do they pass through eventually ?
But you didn't say which wallet you use that let's you do that!
Andreas. What are your thoughts about a dynamic cap for BTC?
We've lost four million already? How many in 200 years? Shouldn't there be a way to re-mine lost bitcoin? If not, isn't there a danger of BTC extinction over time?
come on. these aren't things users should care about. why aren't there any useful wallets with a nice interface yet? also most wallts have a way too high minimum transaction fee. sorry but as a non IT guy I just get mad as those things.
bitcoin has 10min blocktime. In a blockchain with lower blocktime, you should have more stale blocks. does it make the chain less trust worthy? how are the odds to get a Tx rejected?
How about revoking a stuck transaction? And is it possible to replace by fee from a different wallet?
When creating transactions for pay role payments, since you mentioned it, would it be possible to handle that in one transactions with multiple outputs and wouldn't it be cheaper. would it pose any security risks in doing so, such as being able to figure out one of the cryptographic variables to get the private key. Also, are there any open source projects that you know that have a pay role payment generator (I have no idea what it would be called, sorry, hope I'm descriptive enough), I would definitely love to delve into this for my own business as well a decentralized platform as a service to make crypto pay role in general more convenient…
So much genius this guy is made of. Andreas is the reason I started a youtube channel and dedicated my time to helping my country (Philippines) learn about crypto
Smashed the like
What are your opinions on the progress of Bitcoin? Thoughts on bug CVE-2018–17144? Great videos, thank you for them