Is there anything inherently wrong with that?
Discussion
No. I suppose not for etherium.
I mean, for Bitcoin, that couldn’t really work, unless you get the fees back via lightning, as you can’t simply change the transaction without the sender doing that. But I guess you could boost your transaction by watching an add, like you can boost it with mempool.space. nostr:npub18d4r6wanxkyrdfjdrjqzj2ukua5cas669ew2g5w7lf4a8te7awzqey6lt3
To boost a transaction might set you back a bit, but if you don’t mind watching some ads, have the advertiser pay for the boost.
I think it could work if some miners are in on it.
If nodes reduce / eliminate 1 sat/vbyte minimum and the wallet sends the fee seperately to the miner for including 1 or more txs.
Like if some mining pool launches a wallet they can definitely make this work for themselves.
Well, that’s why I mentioned nostr:npub18d4r6wanxkyrdfjdrjqzj2ukua5cas669ew2g5w7lf4a8te7awzqey6lt3 , because they already have a boost function, which means they already have miners who would prioritise transactions. So it would be an ‘ad-per-boost’ feature
nostr:npub1hvw02fgyxhl5whxckv4vkglraeamar7r3a54zuztg7v9zw28vukq5a5e8q maybe an idea for you.
Why would you need miners to be in on it instead of just doing it the same way the eth wallet in the screenshot does it?
I don't know how ethereum works. But don't use utxo. So it's not relevant for Bitcoin.
Some people have told me it's already possible to boost tx's but I was trying to think of the most efficient solution in terms of blockspace.
Why wouldn't it work for Bitcoin the same way it does for Ethereum?
Fees on Bitcoin are via transaction which is derived via the UTXO. So if I put 5BTC as inputs, and 4.9btc as outputs, the 0.1BTC not mentioned are fees. For me to add more fees to that transaction or get the 0.1BTC back, I need to add 0.1BTC to a change address that comes back to me. That means that I’m changing the original transaction and therefore I have to resign the inputs.
Ethereum is account based, not UTXO
I have a video on this coming out on the 1sr Jan that explains that better
Probably not interested, sorry. Just text and graphics should be enough if anyone has an answer
Still not understanding. Without knowing more about how the eth version functions, I can't imagine why it would rely on being account based instead of utxo
So if a Bitcoin wallet does it, you'd think Bitcoin is dead, but this post about Ethereum being dead is wrong? What?
Nah you make a fair point.
I didn’t realize it was a wallet.
Yes I can imagine a bitcoin wallet pitching some crazy ways to avoid paying high fees.
Eth is losing traction. It has thousands of coins as competition for its use case. Bitcoin has fiat for competition and arguably gold.
That makes more sense now 🤙