Asked Mixtral 8x7B and it did not disappoint 🤯

💡 Bitcoin price ninja tool

Q: If you have bitcoin.ninja domain, what could be an awesome fitting tool/website that could be built and be very useful from the bitcoiner perspective?

A: An awesome fitting tool for a website with the domain "bitcoin.ninja" could be a Bitcoin transaction fee estimation and optimization tool. This type of tool would allow users to estimate the appropriate fee for their transactions based on current network conditions, ensuring timely confirmation while minimizing costs.

Features of this Bitcoin transaction fee estimation and optimization tool might include:

1. Real-time fee estimates: The tool should provide up-to-date information about average fees and mempool size, helping users determine the optimal fee rate for their transactions.

2. Fee levels: Offer different fee level options (e.g., low priority, standard, high priority) so that users can choose according to their needs and urgency.

3. Customizable settings: Allow advanced users to set custom fees or use dynamic fees based on recommended algorithms like 'BIP125' or 'BIP157'.

4. Transaction batching: Encourage users to consolidate multiple small outputs into one larger transaction, reducing overall fees paid by optimizing input usage.
Unconfirmed inputs consideration: Provide an option for users to exclude unconfirmed inputs when estimating fees, as these may cause higher than usual fees if included in a new transaction.

5. Recommendations for Child Pays For Parent (CPFP): Suggest CPFP methodology for stuck transactions where possible.
RBF support: Include support for Replace By Fee (RBF), enabling users to replace their original transactions with higher fees if needed.

6. Educational resources: Supply tutorials and educational content explaining how transaction fees work and why they are essential for maintaining the security and decentralization of the Bitcoin network.

7. Integration with popular wallets: Make it easy for users to integrate the service with widely used Bitcoin wallets for seamless interaction between tools.

8. API access: Provide an accessible Application Programming Interface (API) allowing developers to incorporate the fee estimation functionality within other applications and services easily.