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| author | Peter Todd <pete@petertodd.org> | 2022-10-20 18:19:38 -0400 |
|---|---|---|
| committer | bitcoindev <bitcoindev@gnusha.org> | 2022-10-20 22:19:41 +0000 |
| commit | b2beb1f1f2a06c3009f50d46b8df2ab903e07566 (patch) | |
| tree | 568e3ac283bb8c57aa82499c05613fd26fbf6c30 | |
| parent | f7a8803ebd2ee3f86e2298c1f10396ca17edf5a3 (diff) | |
| download | pi-bitcoindev-b2beb1f1f2a06c3009f50d46b8df2ab903e07566.tar.gz pi-bitcoindev-b2beb1f1f2a06c3009f50d46b8df2ab903e07566.zip | |
Re: [bitcoin-dev] Does Bitcoin require or have an honest majority or a rational one? (re rbf)
| -rw-r--r-- | b5/382b12916e1b78134aed8ce76150c0c6650e5e | 161 |
1 files changed, 161 insertions, 0 deletions
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Thu, + 20 Oct 2022 18:19:39 -0400 (EDT) +Received: by localhost (Postfix, from userid 1000) + id 36528204BA; Thu, 20 Oct 2022 18:19:38 -0400 (EDT) +Date: Thu, 20 Oct 2022 18:19:38 -0400 +From: Peter Todd <pete@petertodd.org> +To: Russell O'Connor <roconnor@blockstream.com>, + Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org> +Message-ID: <Y1HJeq5wsBVV64mS@petertodd.org> +References: <CAD5xwhjXh33AdK96eToHtDP3t_Zx5JbxCqJFbAQRRRKy6rFC2Q@mail.gmail.com> + <903a46d95473714a7e11e33310fe9f56@yancy.lol> + <CAD5xwhgKw+jWkadAvUU3KOqT19LmGX6vhUQFpZfJ_Zk0AjTcNA@mail.gmail.com> + <2f4344b4c7952c3799f8766ae6b590bf@yancy.lol> + <CAD5xwhjFeUPGFfpNTt=4iuZMYAzBOc5vMuai0vxJCN9NO9e0dw@mail.gmail.com> + <CAMZUoKkbDjeMKX3zsBpOKOS2cXQNbC+RDA=Zkxxy4r4xP2m2Yw@mail.gmail.com> +MIME-Version: 1.0 +Content-Type: multipart/signed; micalg=pgp-sha512; + protocol="application/pgp-signature"; boundary="raLw66OImeca2Bdl" +Content-Disposition: inline +In-Reply-To: <CAMZUoKkbDjeMKX3zsBpOKOS2cXQNbC+RDA=Zkxxy4r4xP2m2Yw@mail.gmail.com> +Subject: Re: [bitcoin-dev] Does Bitcoin require or have an honest majority + or a rational one? (re rbf) +X-BeenThere: bitcoin-dev@lists.linuxfoundation.org +X-Mailman-Version: 2.1.15 +Precedence: list +List-Id: Bitcoin Protocol Discussion <bitcoin-dev.lists.linuxfoundation.org> +List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> +List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> +List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> +List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> +List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, + <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> +X-List-Received-Date: Thu, 20 Oct 2022 22:19:42 -0000 + + +--raLw66OImeca2Bdl +Content-Type: text/plain; charset=us-ascii +Content-Disposition: inline +Content-Transfer-Encoding: quoted-printable + +On Tue, Oct 18, 2022 at 10:30:26AM -0400, Russell O'Connor via bitcoin-dev = +wrote: +> It is most certainly the case that one can construct situations where not +> mining on the tip is going to be the prefered strategy. But even if that +> happens on occasion, it's not like the protocol immediately collapses, +> because mining off the tip is indistinguishable from being a high latency +> miner who simply didn't receive the most work block in time. So it is mo= +re + +I don't believe that's a good argument. + +A sufficiently large high latency miner who doesn't receive the most work b= +lock +in time would cause huge disruptions to the network, potentially causing ot= +her +miners to be unprofitable. I even gave a talk on this a few years back, on = +how +if Bitcoin mining in space becomes profitable, it'll cause enormous problems +due to the slow speed of light. + +> of a question of how rare does it need to be, and what can we do to reduce +> the chances of such situations arising (e.g. updating our mining policy to +> leave some transactions out based on current (and anticipated) mempool +> conditions, or (for a sufficiently capitalized miner) leave an explicit, +> ANYONECANSPEND transaction output as a tip for the next miner to build up= +on +> mined blocks.) + +=2E..at which point the large miners are likely to be significantly more +profitable than small miners, because they can collect more fees. That's a +disaster. + +--=20 +https://petertodd.org 'peter'[:-1]@petertodd.org + +--raLw66OImeca2Bdl +Content-Type: application/pgp-signature; name="signature.asc" + +-----BEGIN PGP SIGNATURE----- + +iQEzBAEBCgAdFiEEFcyURjhyM68BBPYTJIFAPaXwkfsFAmNRyXYACgkQJIFAPaXw +kfv+agf7BIyNBzVK7KXMOzoM0II6pUJZvSjYUabc+ZTLXUpN+OeMEhiCCC36pzHY +weKRIRbp4Th3uv/DtX/Efih7hJNBx+J5mdQjhjS2/PCM/WZUjud1NByIbj8QfM4N +DRNwXAYln/shxWHUDV7jqv7tjzp/QYFmpdPu1LbKPU0rymnR8fr6ZBowivvbaxn8 +vpgyMi8t9/rzJ07+ZR0cgnpcVjy7XXHYh3SFho7W2sQXBClX8PPoOiliZnDy6FHj +d/zb/LIKCFrhROr5vDQ2FT34JzCBBoVPaH8bE8pocqNQkzl+fZXcTBpkSYbzNDzh +i2aRGAq0r9J5BknRK1sw3pJrJ9JLsA== +=dJxJ +-----END PGP SIGNATURE----- + +--raLw66OImeca2Bdl-- + |