I should definitely know the answer to this but I don’t

I should definitely not be as invested in bitcoin as I am without knowing the answer to this question, and I could read… but hey some of you guys will already know: Hypothetically, if someone chooses to pay no fee, and miners choose to ignore the transaction so it just sits there idle, is there a way for that person to cancel that transaction, to reverse it. I haven’t Made this transaction but I did read a post the other day about someone in a situation like this.

The idea seemed to be wait it out, it will eventually get picked up, but what if it doesn’t or if the person needs the transaction to happen faster so would like to cancel the pending transaction and pay a fee?

submitted by /u/despotteapot
[link] [comments]

Leave a Reply

Your email address will not be published. Required fields are marked *