Two days ago, I tried sending 1 BTC to my OpenLedger account to buy up some BitShares. At $0.05, I think BTS is underpriced. I've heard there's a wallet update coming out on the 15th along with updates to the bitshares.org website in the future. I'm hoping that will give us a nice price bump.
Unfortunately, using the traditional wallet fees in the Ledger Nano S did not work. My transaction stalled for over 48 hours.
I thought if I could spend the coins which were sent back to the change address with a nice fee, miners would include both transactions, and I'd be all set. Unfortunately, the Bitcoin Chrome app for the Ledger Nano S doesn't support sending from a specific address. I Googled around a bit and found I could use Electrum with my Ledger and select which address to send from.
Unfortunately, I got this error when I tried:
So then I figured I'd have to try the "Child Pays for Parent" option. This basically sends BTC from yourself to yourself with a nice fee for the miners. The catch is, the BTC in the address you're using is change from a previous transaction that still isn't confirmed. This means, in order for the miner to get that juicy fee, they have to also include the parent transaction. To do it, just right click on the unconfirmed transaction in Electrum and select that option, sign it, and broadcast it.
Finally, it went through.
I found this article helpful explaining the details of how "Child Pays for Parent" works.
I've yet to switch my BTC balance over to a Segwit address on my Ledger, but after waiting 2+ days and ultimately paying $9+ in fees to get my transaction confirmed, I think I may switch things over soon. That said, I still have my concerns about Segwit, which are discussed in this post by @modprobe here.
What do you think of Segwit?
What do you think of Segwit2x?
Do you think Bitcoin will become obsolete as @kyriacos suggests?
