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Date: Thu, 12 Feb 2015 15:18:05 -0500
From: Peter Todd <pete@petertodd.org>
To: Gregory Maxwell <gmaxwell@gmail.com>
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User-Agent: Mutt/1.5.21 (2010-09-15)
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] replace-by-fee v0.10.0rc4
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On Thu, Feb 12, 2015 at 07:49:29PM +0000, Gregory Maxwell wrote:
> One challenge is that without rather smart child-pays-for-parent logic
> the positive argument for replace by fee doesn't really work.

That's actually incorrect now, as a mechanism for implementing
scorched-earth without child-pays-for-parent using SIGHASH_ANYONECANPAY
is available:

http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg=
05211.html

I greatly prefer this mechanism as it's an opt-in mechanism - many
wallets double-spend on occasion by accident - and can have the
incentives be adjusted to suit the % of hashing power that actual
supports replace-by-fee. (and the % probability you'll see the
doublespend)

My patch implements 90% of the logic required for the above to work,
however I've intentionally limited the total depth of recursion when the
replacement is being evaluated as an interm anti-DoS measure in the
spirit of belt-and-suspenders engineering. This can certainly be
improved on, e.g. by limiting total mempool size.

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