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Date: Wed, 13 Mar 2024 03:32:05 +0000
From: Peter Todd <pete@petertodd.org>
To: bitcoindev@googlegroups.com
Subject: [bitcoindev] OP_Expire mempool behavior
Message-ID: <ZfEeNcX3ebyuYYRi@petertodd.org>
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I got a question re: the following comment on delvingbitcoin with regard to
OP_Expire:
> > nodes should require higher minimum relay fees for transactions close t=
o
> > their expiration height to ensure we don=E2=80=99t waste bandwidth on t=
ransactions
> > that have no potential to be mined
>
> This seems insufficient to solve the problem, unless the premium is so hi=
gh
> that it virtually guarantees that the transaction will be mined before it
> expires. However, if the feerate were that high, wouldn=E2=80=99t OP_EXPI=
RE simply
> waste blockspace? If however the feerate of the transaction is merely
> competitive, the presence of OP_EXPIRE creates a bandwidth-wasting vector=
: an
> attacker would submit e.g. OP_EXPIRE transactions at the bottom of the to=
p
> block and push them out of the top block with further OP_EXPIRE transacti=
ons.
> This way the attacker could issue a constant stream of transactions, but
> never pay for more than a couple barely sliding in at the bottom of the
> block.
-https://delvingbitcoin.org/t/op-checkmaxtimeverify/581/8
This "bandwidth-wasting vector" requires the attacker to create actual
fee-paying transactions, with a fee-rate sufficiently high to get mined in =
the
next block or so. This of course is very expensive by itself.
If you already have a need to make such transactions, you can argue that th=
e
marginal cost to also use up that bandwidth is low. But that's already the =
case
with RBF: we allow any transaction to be replaced with RBF for a (by defaul=
t)
1sat/vB additional cost to "pay for" the bandwidth of that replacement.
OP_EXPIRE does not change this situation: you're still paying for an additi=
onal
1sat/vB cost over the replaced transaction, as eventually one of your
replacements will get mined.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
--=20
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