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To: Rhavar <rhavar@protonmail.com>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] Transaction Merging (bip125 relaxation)
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On Tue, Jan 23, 2018 at 10:19 PM, Rhavar via bitcoin-dev
<bitcoin-dev@lists.linuxfoundation.org> wrote:
> Interesting. I didn't think about this before, but it seems like bip125 is
> rather incentive incompatible right now? If we're assuming a competitive
> mempool, it really doesn't seem generally rational to accept a replacement
> transaction of a lower fee rate.
BIP125 replacement requires that the fee rate increases. The text of
the BIP document is written in a confusing way that doesn't make this
clear.
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