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authorJorge Timón <jtimon@jtimon.cc>2015-02-22 04:25:32 +0100
committerbitcoindev <bitcoindev@gnusha.org>2015-02-22 03:25:42 +0000
commite3f7255cdd1f782efabce985d52e52612bca4ebc (patch)
treeb896317def3b2eedd280dc543cd2bf72efef513c
parentdb817926e95bd953b37eb1d5cd9964e6c2e5a69e (diff)
downloadpi-bitcoindev-e3f7255cdd1f782efabce985d52e52612bca4ebc.tar.gz
pi-bitcoindev-e3f7255cdd1f782efabce985d52e52612bca4ebc.zip
Re: [Bitcoin-development] replace-by-fee v0.10.0rc4
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+Date: Sun, 22 Feb 2015 04:25:32 +0100
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+To: Jeff Garzik <jgarzik@bitpay.com>
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+Cc: Bitcoin Development <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] replace-by-fee v0.10.0rc4
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+On Sat, Feb 21, 2015 at 11:47 PM, Jeff Garzik <jgarzik@bitpay.com> wrote:
+> "scorched earth" refers to the _real world_ impact such policies would
+> have on present-day 0-conf usage within the bitcoin community.
+
+When I posted this: http://sourceforge.net/p/bitcoin/mailman/message/32263765/
+Peter Todd clarified that the concept was referred to as "scorched earth"
+http://sourceforge.net/p/bitcoin/mailman/message/32264039/
+
+Like I said I don't like the name and would prefer "stag hunting"
+which is more formal and precise.
+Some people seem to use the same term for "the potential undesirable
+consequences of widely deployed replace-by-fee policies".
+I'm not sure that concept deserves its own term.
+
+> All payment processors AFAIK process transactions through some scoring
+> system, then accept 0-conf transactions for payments.
+>
+> This isn't some theoretical exercise. Like it or not many use
+> insecure 0-conf transactions for rapid payments. Deploying something
+> that makes 0-conf transactions unusable would have a wide, negative
+> impact on present day bitcoin payments, thus "scorched earth"
+
+And maybe by maintaining first seen policies we're harming the system
+in the long term by encouraging people to widely deploy systems based
+on extremely weak assumptions.
+
+