Topic I’ve chosen to write about and research for one of my Masters classes. Small business owners utilizing #Bitcoin in Latin America. Wish me luck. If anyone has any articles they think I should read or incorporate, send em my way.
I’ve tried little by little over the past couple years to bring up and hint at #Bitcoin to friends, family, Co-workers, and ransoms at bars/restaurants. Literally EVERYONE is in either disbelief in the tech, has no idea about it still, or wants nothing to do with it.
Those who I’ve tried multiple times are easily annoyed. We’re so early it’s absolutely insane.
#Bitcoin tip: You should be consolidating your many smaller UTXOs into less, larger UTXOs. UTXO management will be key as adoption grows and price increases resulting in much larger transaction fees.
If your #Bitcoin transactions are getting stuck, it’s likely you didn’t select a high enough confirmation fee. To correct this there are two options:
1.) Replace By Fee (RBF) from the wallet of origin in which transaction was sent.
2.) Child Pays For Parent (CPFP) from the receiving wallet.
Both of these methods include either the sender (Option 1) or receiver (Option 2) to pay an increased fee to the miner pools as an incentive to confirm the transaction quicker.
I sent some sats from BlueWallet to cold storage about 5 days ago. Still in the mempool with 0 confirmations. What’s going on? In the meantime, I’ve sent sats from other mediums to my cold storage with no issues….