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Date: Thu, 2 Nov 2023 15:42:29 +0000
From: Peter Todd <pete@petertodd.org>
To: John Carvalho <john@synonym.to>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <ZUPDZTSbTBxDnlRa@petertodd.org>
References: <mailman.10748.1698911611.1202.lightning-dev@lists.linuxfoundation.org>
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Subject: Re: [bitcoin-dev] The Pinning & Replacement Problem Set
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On Thu, Nov 02, 2023 at 08:58:36AM +0000, John Carvalho via bitcoin-dev wro=
te:
> Good morning,
>=20
> All layers and technologies "on" Bitcoin will fail in situations where
> miners misbehave or the blocks & mempool remain consistently, overly full.
> Consider this as a "law" of Bitcoin/blockchains.
>=20
> In hindsight (for you, not me) it was very unwise to start messing with
> mempool policies, like with RBF, mempoolfullrbf. First-seen policy brought
> a fragile harmony and utility to Bitcoin, which we were lucky to have for
> as long as we could.
Replacement cycling has nothing to do with full-rbf. You are being disingen=
uous
by bringing up your pet topic in relation to this exploit.
In fact, in the anchor channels case, it isn't even possible for the releva=
nt
transactions to turn BIP-125 RBF off, as the 1 block CSV delay forces RBF t=
o be
enabled.
Note that at the moment, the largest pool - AntPool - has full-RBF enabled.
Thus we have at least 40.1% of hash power mining with full-RBF:
AntPool: 28%
Binance Pool: 7.8%
Luxor: 2.5%
BTC.com: 1.8%
Obviously, the sane thing to do is design protocols that are made secure by
clear incentives, rather than vague hopes. Thats why I proposed OP_Expire, a
solution that does not rely on any particular mempool behavior. Indeed, it'=
s a
solution that unlike the current mitigations relying on mempools, has good
resistance to mempool sybil attacks.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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