[Bitcoin-development] F2Pool has enabled full replace-by-fee
jtimon at jtimon.cc
Sat Jun 20 23:16:20 UTC 2015
On Fri, Jun 19, 2015 at 5:37 PM, Eric Lombrozo <elombrozo at gmail.com> wrote:
> The Bitcoin network was designed (or should be designed) with the requirement that it can withstand deliberate double-spend attacks that can come from anywhere at any time…
I disagree with this premise. Please, don't take this as an argument
from authority fallacy, but I will cite Satoshi to express what I
think the assumptions while using the system should be:
"As long as a majority of CPU power is controlled by nodes that are
not cooperating to attack the network, they'll generate the longest
chain and outpace attackers."
I can't say for sure what was meant by "attacking the network" in this
context but I personally mean trying to rewrite valid and
Unconfirmed transactions are simply not part of history yet. Ordering
unconfirmed transactions in a consensus compatible way without a
universal clock is impossible, that's why we're using proof of work in
the first place.
Alternative policies are NOT attacks on the network.
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