[Bitcoin-development] 75%/95% threshold for transaction versions

Mark Friedenbach mark at friedenbach.org
Thu Apr 16 17:34:31 UTC 2015


At this moment anyone can alter the txid. Assume transactions are 100%
malleable.
On Apr 16, 2015 9:13 AM, "s7r" <s7r at sky-ip.org> wrote:

> Hi Pieter,
>
> Thanks for your reply. I agree. Allen has a good point in the previous
> email too, so the suggestion might not fix anything and complicate things.
>
> The problem I am trying to solve is making all transactions
> non-malleable by default. I guess there is a very good reason why BIP62
> will not touch v1 anyway.
>
> I am trying to build a bitcoin contract which will relay on 3 things:
> - coinjoin / txes with inputs from multiple users which are signed by
> all users after they are merged together (every user is sure his coins
> will not be spent without the other users to spend anything, as per
> agreed contract);
> - pre-signed txes with nLockTime 'n' weeks. These txes will be signed
> before the inputs being spent are broadcasted/confirmed, using the txid
> provided by the user before broadcasting it. Malleability hurts here.
> - P2SH
>
> In simple terms, how malleable transactions really are in the network at
> this moment? Who can alter a txid without invalidating the tx? Just the
> parties who sign it? The miners? Anyone in the network? This is a little
> bit unclear to me.
>
> Another thing I would like to confirm, the 3 pieces of the bitcoin
> protocol mentioned above will be supported in _any_ future transaction
> version or block version, regardless what changes are made or features
> added to bitcoin core? The contract needs to be built and left unchanged
> for a very very long period of time...
>
>
> On 4/16/2015 8:22 AM, Pieter Wuille wrote:
> >
> > On Apr 16, 2015 1:46 AM, "s7r" <s7r at sky-ip.org <mailto:s7r at sky-ip.org>>
> > wrote:
> >> but for transaction versions? In simple terms, if > 75% from all the
> >> transactions in the latest 1000 blocks are version 'n', mark all
> >> previous transaction versions as non-standard and if > 95% from all the
> >> transactions in the latest 1000 blocks are version 'n' mark all previous
> >> transaction versions as invalid.
> >
> > What problem are you trying to solve?
> >
> > The reason why BIP62 (as specified, it is just a draft) does not make v1
> > transactions invalid is because it is opt-in. The creator of a
> > transaction needs to agree to protect it from malleability, and this
> > subjects him to extra rules in the creation.
> >
> > Forcing v3 transactions would require every piece of wallet software to
> > be changed.
> >
> > --
> > Pieter
> >
>
>
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