josephfounder on Nostr: Bitcoin Transaction Security - BIP 125 RBF WARNING Recently BIP-125 was approved and ...
Bitcoin Transaction Security - BIP 125 RBF WARNING
Recently BIP-125 was approved and it's the current default for the Bitcoin network, it allows you to pay extra fees to get your transaction approved by the miners, and to jump the mempool queue and be confirmed.
However, it also opens many possible risks, especially for those who receive funds in Bitcoin, because these payments may be stopped by using BIP-125.
What to do?
1) ALWAYS Wait for Confirmations. I would recommend a minimum of 3, and up to 10 depending on the amount. Bitcoin's OG
Jameson Lopp (npub17u5…t4tp) recommendation is included as an image for dollar amounts, and also a risk estimate I researched myself.
2) RBF Detection: Some wallets and services can flag RBF-enabled transactions. Some that do this are Electrum, and Bitpay.
3) BE AWARE. Realize you must take precautions when accepting payments via Bitcoin, wait for full confirmation.
Published at
2025-03-24 15:31:48Event JSON
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"pubkey": "03fbcb54210ff75962217732361b48905d591a2e7d17588207406579480092e4",
"created_at": 1742830308,
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"content": "Bitcoin Transaction Security - BIP 125 RBF WARNING\n\nRecently BIP-125 was approved and it's the current default for the Bitcoin network, it allows you to pay extra fees to get your transaction approved by the miners, and to jump the mempool queue and be confirmed.\n\nHowever, it also opens many possible risks, especially for those who receive funds in Bitcoin, because these payments may be stopped by using BIP-125.\n\nWhat to do?\n\n1) ALWAYS Wait for Confirmations. I would recommend a minimum of 3, and up to 10 depending on the amount. Bitcoin's OG nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp recommendation is included as an image for dollar amounts, and also a risk estimate I researched myself.\n\n2) RBF Detection: Some wallets and services can flag RBF-enabled transactions. Some that do this are Electrum, and Bitpay.\n\n3) BE AWARE. Realize you must take precautions when accepting payments via Bitcoin, wait for full confirmation.\nhttps://m.primal.net/PraE.png\nhttps://m.primal.net/PraG.png",
"sig": "bebbd817c32c08a9ef879fec1a468b531906509b55d21224b51f9e2a6275b4582f8d794ffffe2b3aaf069e4e700f163a2960c781ab6868cbbd8e2cdc98e9cdeb"
}
