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 <0A6B5781-EBC6-4D98-8AE8-43436B5F73EA@petertodd.org>
In-Reply-To: <0A6B5781-EBC6-4D98-8AE8-43436B5F73EA@petertodd.org>
From: Erik Aronesty <erik@q32.com>
Date: Mon, 7 Nov 2022 09:47:50 -0500
Message-ID: <CAJowKgLWGL15kjVS4eFB2je1s+2feQZ6Qo8GFAyVHF_Pfjkf2A@mail.gmail.com>
To: Peter Todd <pete@petertodd.org>, 
 Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Content-Type: multipart/alternative; boundary="00000000000089aae605ece2826c"
Cc: Anthony Towns <aj@erisian.com.au>
Subject: Re: [bitcoin-dev] On mempool policy consistency
Precedence: list

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>
>
> With full-rbf, who saw what transaction first doesn't matter: the higher
> fee paying transaction will always(*) replace the lower fee one. With
> opt-in RBF, spamming the network can beat out the alternative.
>

incentivised predictability is critical when designing low level protocols,
like bitcoin.   the knock-on effects of deeper, network-wide predictability
are likely beneficial in ways that are hard to predict.   for example stuff
like the "sabu" protocol might even work if full-rbf is the norm.

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<div dir=3D"ltr"><div class=3D"gmail_quote"><blockquote class=3D"gmail_quot=
e" style=3D"margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204)=
;padding-left:1ex"><br>With full-rbf, who saw what transaction first doesn&=
#39;t matter: the higher fee paying transaction will always(*) replace the =
lower fee one. With opt-in RBF, spamming the network can beat out the alter=
native.<br></blockquote><div><br></div><div>incentivised predictability is =
critical when designing low level protocols, like bitcoin.=C2=A0 =C2=A0the =
knock-on effects of deeper, network-wide predictability are likely benefici=
al in ways that are hard to predict.=C2=A0 =C2=A0for example stuff like the=
 &quot;sabu&quot; protocol=C2=A0might even work if full-rbf is the norm.</d=
iv><div>=C2=A0</div><div>=C2=A0</div></div></div>

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