feat: add advanced rbf guide #237
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Signed-off-by: Gregory Hill <[email protected]>
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sander2
reviewed
Jun 15, 2022
| # use those to create a new transaction | ||
| rawtx=$(bitcoin-cli createrawtransaction $rawinputs $rawoutputs) | ||
| # fund that tx with a better fee rate | ||
| fundedtx=$(bitcoin-cli fundrawtransaction $rawtx "{\"changeAddress\": \"$CHANGE_ADDRESS\", \"feeRate\": $FEE_RATE}" | jq -r .hex) |
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You are counting on all addresses in the wallet to have been registered to the parachain, which is most cases will be true, but it's still a risky assumption. If e.g. a non-empty wallet was used when first starting the vault this would not hold (we do tell vaults not to do this.. but still)
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Theft reporting was removed here, addresses are no longer required to be registered.
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@gregdhill could you address the comments so we can merge this please? |
Signed-off-by: Gregory Hill <[email protected]>
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Signed-off-by: Gregory Hill [email protected]
Until we have programmatic support (and even after) we should have some documentation for Replace-By-Fee (RBF) to demonstrate how Vaults may increase fees to prevent liquidation after significant Bitcoin mempool congestion.
See also: https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line/blob/master/05_2_Resending_a_Transaction_with_RBF.md
UPDATE: automatic RBF functionality was implemented here