In case you find yourself losing sleep over your bitcoin transaction that's stuck for days in the mempool due to either a high fee rate environment or other circumstances, here are two practically easy things you can do to solve your problem
1. Replace by fee(rbf), if you are the sender,
2. Child pay for parent(cpfp), if you are the receiv
To use number one: replace by fee(rbf), you simply need to go on the transaction and replace it using the bomp the fee feature(in some wallets), make sure the new fee is higher this time so miners can be willing to process the transaction faster for you. but what if your wallet software does not support rbf? this is where the second solution comes in, cpfp(child pay for paren
To use cpfp, you need to be the receiver of the tx. the step is also simple just send the unconfirmed amount that is stuck to an address you the receiver fully control with a higher fee rate that miners will be willing to confirm the first stuck transaction and then confirm the second you are about to create. reason being is miners cannot confirm the fresh(second) tx without confirming the previous one(fisrt), so if the second tx's fee is that attractive to miners they cannot resist other than process both transactions to get the sat
I hope this saved you some spleep! feel free to zap me sats at getalby@piecover.com ! :)s.t)eror:
WHY BUY BITCOIN INSTEAD OF A SECOND HOUSE? THE MORAL AND ECONOMICAL CASE FOR BITCOIN OVER A SECOND HOUSE
FIRST OF ALL, A HOUSE IS AN ILLUSION OF WEALTH BUT NOT TRUE WEALTH IT'S A BAD VEHICLE TO STORE WEALTH SINCE IT WAS NEVER MAENT TO BE USED AS MONEY BUT A UTILITY OBJECT, PEOPLE ONLY USE IT TO STORE THEIR WEALTH IN PLACES WHERE THE MONEY IS BROKEN, BUT NOW WE HAVE PERFECT MONEY(BITCOIN) THERE IS ALMOST NO NEED TO SAVE IN HOUSES THEREFORE NO MORE DRIVING HOME PRICES HIGHER TO PRICE OUT LESS PRIVILEGED PEOPLE WHO ARE IN NEED OF A PLACE TO LIVE.
INSTEAD OF SAVING IN A BANK FOR A DOWNPAYMENT TO BUY A HOME THAT WILL PROBABLY DOUBLE IN PRICE(IN DOLLAR TERM) BY THE TIME YOU REACH YOUR PERCENTAGE GOAL(20%), YOU CAN SIMPLY SAVE THE MONEY IN BITCOIN WHERE YOU CAN REALLY BUILD TRUE WEALTH THAT WILL LAST AND APPRECIATE IN VALUE FOREVER.
CONVERTING YOUR HARD EARNED MONEY TO A HOUSE YOU MAY NEVER OWN IS A NET NEGATIVE FOR YOUR FAMILY AND YOUR FUTURE AND MOST IMPORTANTLY BECAUSE THE REAL VALUE OF THE HOUSE DECREASE OVERTIME THEREFORE IT NEEDS MORE MONEY AND WORKS TO MAINTAIN A LIVABLE STATE.
THE BENEFITS OF OWNING BITCOIN OVER A HOME ARE: YOU CAN SELL THE BITCOIN ANYTIME YOU NEED IT(IT'S LIQUID GLOBALLY), IT'S BORDERLESS ie YOU CAN TAKE IT WITH YOU ANYWHERE(BECAUSE IT CAN BE IN YOUR MIND), ALMOST MAINTENANCE-FREE, YOU CAN CALL THE SAVINGS IN BITCOIN YOURS THE MOMENT YOU START AQUIRE IT IN CONTRAST TO A HOUSE YOU CANNOT CALL THE HOUSE YOURS TILL YOU'RE DONE PAYING IT IN FULL WHICH IS ALMOST AN UNATTAINABLE GOAL FOR MOST PEOPLE. YOU SEE, THE MOST VALUABLE THING IN LIFE IS YOUR TIME AND YOUR ENERGY, WHEN YOU WORK YOU ARE TRADING THEM FOR MONEY BUT THE MONEY IS BROKEN BECAUSE IT'S LOSING IT'S VALUE OVERTIME AS FAST AS THEY ARE PRINTING THEM. BITCOIN IS HARD MONEY BECAUSE NO ONE CAN CREATE MORE OF IT AND IT IS LIMITED IN TIME ONLY 21MILLION BITCOINS TO EVER BE CREATED. THAT'S WHY YOUR SAVINGS IN BITCOIN DO NOT DEGRADE IN VALUE OVERTIME BUT UPGRADE IN VALUE.
IN CONCLUSION, MY HOPE IS THAT MORE PEOPLE REALIZE THE POTENTIAL AND BENEFITS OF HAVING BITCOIN IN THEIR SAVINGS PORTFOLIO INSTEAD OF A SECOND HOUSE TO PROTECT THEIR WEALTH, SO THAT HOUSES CAN GO BACK TO THEIR UTILITY VALUE ONLY AND BITCOIN CAN BE USED AS THE SAVINGS TECHNOLOGY, BECAUSE THE PRICE OF BITCOIN GOING UP CANNOT PREVENT PEOPLE FROM HAVING A ROOF OVER THEIR HEAD BUT THE HOUSE PRICES GOING UP DOES.
THIS IS HOW MUCH Buying $100 of Bitcoin every week for
9 years starting 9 years ago would have turned $47,000
The other day I got pumped after buying $2 of phone minutes using Bitcoin-lightning for a friend in Brazil on this amazing website called bitrefill.com where it only costed me 7967Sats and 0 fee. [I want to mention that I am not being paid for commission by Bitrefill nor any other apps and services, but I give you a chance to support me using a lightning address somewhere here on this blog.]
Now, this transaction got me thinking deep about getting myself and friends ready to start living on Bitcoin where we can pay for goods or some services using Bitcoin(Sats) and the lightning network.
I am already used to pay my friends in Bitcoin(Sats) and some of them seems to be getting it now, they are willing to hodl for the long run. But I also would like to make sure that they know they can use their bitcoin(Sats) in case of an emergency.
My experience with Bitrefill so far is amazing, it gives you the opportunity to buy gift cards with your Sats(bitcoins) to purchase real stuff online on: amazon, ebay, phone refill, gaming, travel, etc. Or in your local community such as: walmart, grocery stores, pizzas, gas stations, cloths stores, coffee shops, home hardwares, etc. I think we need way more of these types of services like the one offered by Bitrefill. I am sure they are already few of these services out there already serving you as well such as coincards.com, bolt card, etc. Please share more of them with me below if you like.
In conclusion, I am not advocating to overspend your Sats right now in stuff you don't need today so you can buy them Sats back in higher price later but, keep accumulating your Sats if this is what you want to do right now and wait to enjoy them Sats later when you are not able to make the same amount of money or simply when you are in need. My purpose in this post was to simply help the people who are looking for the option to spend their bitcoin(Sats) to find an easy roundabout way to do so.
If you find value in this please feel free to support me by lightning tip few sats to: piecover@getalby.com or go tobitcoin-lightning tip me few Sats
The world around me is becoming more and more unreal. Everything is fake, the money is fake which ultimately faked the food that also faked the people.
We live a world run by fake money, advertisements, propagandas, manipulation and lies. Now I tend to believe that the root cause of all these is the fiat money but my focus today is on how to skip this world while we still live in it.
You see, the problem is because we let ourselves being used and abused by the system. Imagine not using: their fiat money, their fake schools, their fiat foods, their fiat contents, not listening to their fake news, not participating in the fiat selections"elections" and so on. I understand those are very hard things to do specially when you are already deeply indoctrinated by the system, those ideas sounds so crazy to you that you even find them unfair, but in contrast to losing our whole self I think it might worth it.
Imagine being a youtuber, there is nothing wrong in creating contents for people to enjoy but the incentives are misaligned. Youtube is not incentivized to let you be who you are but they want you to obay to a set of rules that they just made up based on what their advertisers want, for example you may not do good on their platform if you go against the narratives or what the algorithm wants. So you are still forced to push their propagandas regardless you are for or against them. This is why I used a provocative term to describe some content creators"fiat excrements".
Now imagine you as a viewer, you might think those free contents are made in good faith but in contrary, they are there to influence your behavior and make you buy on all sorts of wasteful products. That's the fiat world.
It is not surprising that I feel so lost some time it is because of these automated manipulations. So in order to find myself I will need to start cutting off myself from these consumptions, like using less algorithmic products such as contents, using less google products as much as I possibly can since they are designed to harvest everything inside my brain, use less social media like: twitter, tiktok, facebook, instagram and so on. And instead, go out in nature more, be in contact with real people in the real world.
One of the reason why people feel the need to be constantly hookup to these social media and government services is because we think we may get something more in ''fiat'' return, like fake likes, friends with interest, followers, status, fiat jobs, etc. But the truth is most of these things are not really necessary.
If you find value in this please feel free to support me by lightning tip few sats to:
