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Subject: Re: [Bitcoin-development] instant confirmation via payment protocol
backwards compatible proto buffer extension
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Mike Hearn <mike <at> plan99.net> writes:
> As long as miners stick to Satoshi's first seen rule, which is the
default, it's useful:
>
>
> https://bitcointalk.org/index.php?topic=423.msg3819#msg3819
>
>
>
>
> (this is the famous "snack machine" thread from 2010)
>
> If they decide to change to something like highest-fee-always-wins, then
they (again) centralise things by forcing all instant transactions to pay
GreenAddress and its competitors money - much though I like your product
Lawrence, let's hope they don't collectively lemming us all off a cliff by
doing that ;)
I assume we can't enforce to miners rules about which tx will go in and
which won't and therefore whether this will cause more or less double
spends.
I mean, you can try but I would rather have to option to pick an third party
instant provider explicitly than enforce bigger rules on mining which would
IMHO lead to implicit centralization.
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