[bitcoin-dev] Revisiting BIP 125 RBF policy.

Peter Todd pete at petertodd.org
Thu Mar 8 18:34:26 UTC 2018

On Thu, Mar 08, 2018 at 10:39:46AM -0500, Russell O'Connor wrote:
> On Thu, Mar 1, 2018 at 10:11 AM, Peter Todd <pete at petertodd.org> wrote:
> > I mean, I think in general solving this problem is probably not possible.
> > Basically, the fundamental problem is someone else has consumed network
> > bandwidth that should be paid for with fees. What you're trying to do is
> > replace a transaction without paying those fees, which is identical to
> > what an
> > attacker is trying to do, and thus any such scheme will be as vulnerable to
> > attack as not having that protection in the first place.
> >
> > ...which does give you an out: maybe the attack isn't important enough to
> > matter. :)
> >
> Thanks, that makes sense.
> I still think it is worthwhile pursuing this proposed change in RBF policy
> as it would seem that the current policy is problematic in practice today
> where participants are just performing normal transactions and are not
> trying to attack each other.

But that's not a good argument: whether or not normal users are trying to
attack each other has nothing to do with whether or not you're opening up an
attack by relaxing anti-DoS protections.

Equally, how often are normal users who aren't attacking each other creating
issues anyway? You can always have your wallet code just skip use of RBF
replacements in the event that someone does spend an unconfirmed output that
you sent them; how often does this actually happen in practice? Not many
wallets let you spend unconfirmed outputs that you didn't create.

https://petertodd.org 'peter'[:-1]@petertodd.org
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