[Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension

Lawrence Nahum lawrence at greenaddress.it
Mon Jun 16 17:16:24 UTC 2014

Mike Hearn <mike <at> plan99.net> writes:

> As long as miners stick to Satoshi's first seen rule, which is the 
default, it's useful:
> https://bitcointalk.org/index.php?topic=423.msg3819#msg3819
> (this is the famous "snack machine" thread from 2010)
> If they decide to change to something like highest-fee-always-wins, then 
they (again) centralise things by forcing all instant transactions to pay 
GreenAddress and its competitors money - much though I like your product 
Lawrence, let's hope they don't collectively lemming us all off a cliff by 
doing that ;)

I assume we can't enforce to miners rules about which tx will go in and 
which won't and therefore whether this will cause more or less double 

I mean, you can try but I would rather have to option to pick an third party 
instant provider explicitly than  enforce bigger rules on mining which would 
IMHO lead to implicit centralization.

More information about the bitcoin-dev mailing list