Post
Topic
Board Gambling discussion
Re: BTC price VS gambling
by
suzanne5223
on 14/05/2021, 23:36:03 UTC
Why does he risk anything? He doesn't risk his money only because he chooses to pay a small fee. He can initiate a second transaction with a higher fee. As long as unspent output hasn't left the wallet you can overwrite the old transaction and get it going regardless.

the transaction was not free and the money can get stuck but i guess there was no problem anymore because you already lay out a solution if ever things gone wrong and maybe he know this already because he was too confident of sending his money with a small fee but id like to ask a question .
 does this method works for all types of wallet ex. custodial , non costudial and how about its difficulty of doing this .
 for a newbie its recomend that they follow the recomended fee to avoid getting in troubles .

Well using Myetherwallet makes it super easy to adjust the fee even if you initiated the transaction unsuccessfully. Just adjust the fee and broadcast the transaction again.
I agreed myetherwallet is easy to use and also flexible in fee adjustment but I think when thinking about the ease of using a wallet we shouldn't ignore the security aspect of it.
Having said that, if you understand very well the vulnerability of myetherwallet you won't have advice on the use of it cause she can still use Metamask for adjusting the fee

Ok to be fair here it always has to be taken into account what is at risk. Don't store a lot of funds in an online wallet, but you also secure mytherwallet quite well. If you need a wallet for regular transactions it is not that bad.
Even for a regular transaction myetherwallet is not a secure wallet for transaction cause it always the issue of every web wallet, they are vulnerable to attack and it better to use Metamask which is always easy for regular transactions it even automatically provides the best tx fee.