I drained my Phoenix wallet to my Zeus wallet. 20 hours later no BTC has been deposited.
@phoenix seems to have stolen my funds.
Discussion
I have heard that this method isn’t sending a high enough fee and the transactions are getting stuck in the mempool. Do you have the transaction ID?
Your fee was likely low, common issue I’ve been hearing from Phoenix people. Funds are not stolen. Can you find the unconfirmed transaction?
Yep 100 percent unconfirmed 20 hours later.
You can bump the fee if you need the transaction soon, or you can wait it out
Not bumping the fee to over thirty dollars. That's stupid to move about 100 bucks.
You should only need about 24 sats/VB to get included in the next few blocks, which for a normal sized transaction is $2.50
Lowest option it gave me on memepool was 30 bucks.
Mempool is a great website, but their “accelerator” is a borderline scam. I assume that’s what you’re looking at.
Do you see any options in Phoenix? You want to look for “CPFP” child pays for parent). If you can see the unconfirmed transaction in your Zeus, you could also send it to yourself with a 50 sat/vb fee and both should go through
I haven’t used Phoenix so I cannot be more helpful, but I’ll tag nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 because they have a great team which knows their stuff.
Embedded node likely won’t show it til it has one conf. Tradeoff of using Neutrino
I don't know what nutrino is.
It’s how we fetch blocks from the blockchain.
Phoenix should have given you a txid so you can track the progress of the transaction on a block explorer.
It probably hasn’t confirmed yet.
so you can raise the fee to more money so someone will get it for you?
Yes. It's like blackmail.
wow, interesting
RBF (replace by fee) or CPFP (child pays for parent) are there to help you offer bit more and encourage the miners to input your transaction pushing it onwards.
I personally believe it’s great solution for busy market.
In my 7 years send hundred or so transactions I’ve used it twice
i have a question: if it is a waiting game, is it because the block reward is smaller?
No not necessarily. If the block reward is smaller miners might be more aggressive picking it up. It’s a free (fee) market, supply/demand. I believe miners have never been paid this well for this long since the halving.
A tx sitting on the mempool is one of the safest places to be.
After I think 5 to 7 days it’s returned to the wallet if uncleared.
Not to be a dick but that is kinda how the Blockchain works.
i kind of knew that but i didnt think of this angle....so this is kind of weird to me, because all i can think of is if certain groups or companies dominate bitcoin then we are beholden to them and thats it...so if it is global then how do we prevent it becoming such a small dictatorship vs what we have today?
Certain companies dominate Bitcoin.... In what sense. Bitcoin is a public ledger no one can stop you from using it, and the otherside of that is, we can't stop anyone from using it. If their tx follow CURRENT rule set it's valid.
People are currently using Bitcoin to scam people out of sats(ordinals).
So tx fees are kinda high, nothing compared to some recent times, but elevated none the less.
I'm still kinda confused. Are you saying what's stopping companies from pushing their bias onto Bitcoin?
The block chain can suck a dick then if it expects me to use this as money and conduct business with it.
I'm just saying. Don't be mad at the software, it didn't steal anything from you, neither did Phoenix wallet. Are they pansy for preemptively removing their software, absolutely.
And you have every right to feel that way, but claiming someone stole your funds is a bad look on you.
but why not reimburse their customers before removing their software?
They never had control over your funds. They also are just removing their app from the App Store to be compliant; nothing changes about their existing software.
They clearly said that they are on longer servicing the USA.
Because all you had to do what delete their play store app, download the APK from GitHub and restore your seed.
That would be the easy simple solution.
No need to reimburse anyone. Just get the app from somewhere other than the play store.
The software isn't going away, your centralized access to it is.
oh ok ty
Of course any other questions just reach out. We are all here to learn
so essentially, or technically, nostr could eventually have their own "centralized" app store where users could get the apk and download to their comps or phones, and bypass android, apple, etc?
Yes things like this exist now, f-droid is an example, it allows users to download android apks without a google account.
Other options include downloading the APK straight from GitHub..
The play store and apple iOS store, their respective companies decide what is allowed and not allowed.
Well the only thing centralized about the app stores is that the companies are sole deciders if the app should be approved.
@jb55 went through that with Damus and iOS over the last year or so.
So the feds can pressure Google to remove an app, either with asking or court order like samourais case.
Tldr.
Yes with third party app stores, like f-droid, or downloading the APK from the source,GitHub, you bypass android appstore stuff.
iOS doesn't currently allow you to 'sideload' apps, 'sideload' just means installing from somewhere other than the official play store.
so what if they just go have github?
Well that's an attack vector for sure, GitHub is currently owned by Microsoft. But iirc there is a GitHub nostr project to hopefully remove that attack vector.
But you are absolutely right.
And all that would do is stop new people from getting the APK, it wouldn't retroactively remove it from your device, afaik.
It wouldnt have an effect on those who already downloaded the APK.
Also I can always pull my APK from my phone and upload it somewhere for others. So as long as one person has the app I'm pretty sure it can be pulled off phone repackaged as a downloadable APK so I could share it with whoever.
Not super positive how easy/hard it is. But pretty sure it's doable.
There is a project called radicle that is like nostr but for github. git is inherently decentralized
It's possible the transaction is stuck. Is there a transaction ID that they give you that you can look up on mempool.space?
I have looked it up. It has not moved at all and I'm not upping my fee to nearly 40 dollars to speed it up. That would steal my profit from one sale.
This is fucked up.
you cant say phoenix seem to have stolen your funds in the headline and then in the comments say you can see the transaction sitting in the mem pool. are you the NYT or something?
Phoenix is self-custodial, nobody other than you has the keys to your money
I sent my phoenix corn to mutiny. It’s said pending for a few days now. It wouldn’t let me use lightning or increase fees for on chain. Sooo I guess I’m stuck waiting for weeks/months? I really have no idea what I’m talking about 🤷♂️