“Various people have pointed out massive deficiencies in his proposals.” Good time to remind people that Libre Relay nodes are running pure replace-by-fee-rate on mainnet. The majority of RBFR replacements get mined. If RBFR is so broken, you guys should actually attack it. 😁

One-Shot Replace-by-Fee-Rate

Currently Bitcoin Core implements a Replace-by-Fee (RBF) policy, wheretransactions are not replaced unless the new transaction pays at least a high...

Over Half of Replace-by-Fee-Rate Replacements Are Mined

I recently released a prototype Libre Relay fork of Bitcoin Core v26.0, that amongother things, implements Pure Replace-By-Fee-Rate (RBFR)with a 2x...

Russian oil refinery in Nizhny Novgorod earlier today, 800km from Ukraine. Far more effective to help Ukraine blow up Russia's economy with drones and agents that worry about Bitcoin sanctions. ...and as for anyone killed at that facility: they were war criminals, directly helping Russia fund its invasion. Fuck them.

A friend of mine needs some testnet coins to test out a new protocol. If someone has some to spare, that'd be really helpful! tb1q5tk94h7rp30r2ncrjyzhkerucv8cd3msjkeywz

Heh, looks like F2Pool has finally turned on full-rbf! This should get us to about 80% hash power mining full-rbf.

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

F2Pool recently lost a ton of money by failing to mine a full-rbf replacement. So that might have been the final impetus to change. Bitcoin Core is _still_ disabling full-rbf by default:

GitHub

policy: Enable full-rbf by default by petertodd · Pull Request #28132 · bitcoin/bitcoin

The following pools are have enabled full-rbf: Foundry USA, 30% Antpool, 28% ViaBTC, 14% F2Pool, 10% Binance Pool, 4.4% Luxor, 2.1% BTC.com, 1.9% ...

“Whether it be 2017’s infamous Fyre Festival, 2014’s sad ball pit at Dashcon, or last year’s muddy hike for freedom at Burning Man, we love to marvel at events that make big promises but flop spectacularly.” Man, normies really don't get it: a big part of the appeal of Burning Man is that it's real. That's why the organizers hold it in the middle of the desert rather than a nice campground with paved roads, running water, and flush toilets. The dust storms and occasionally getting stuck in mud is part of the experience. If I took this writer caving he'd probably complain as about the lack of stairs.

Looks like Foundry USA has turned on full-RBF! I was told they were going to do this a few months ago by insiders there. I guess it finally got approved. One of a bunch of full-RBF double spends they've mined from my OTS calendars recently:

The Mempool Open Source Project®

Explore the full Bitcoin ecosystem with The Mempool Open Source Project®. See the real-time status of your transactions, get network info, and more.

That means about 70% of hash power is mining full-RBF now.

Re: [bitcoin-dev] One-Shot Replace-By-Fee-Rate - Peter Todd

GitHub

GitHub - petertodd/bitcoin at libre-relay-v26.0

Bitcoin integration/staging tree. Contribute to petertodd/bitcoin development by creating an account on GitHub.

tl;dr: I have a Libre Relay prototype available for testing. It does three things: 1. Removes the OP_Return limits. 2. Connects to an additional four Libre Relay nodes, to ensure transactions propagate. 2. Implements pure replace-by-fee-rate (RBFR) and full-rbf, to solve Rule #3 transaction pinning. I'm already running it on a few mainnet and testnet nodes. The combination of #1 and #3 is interesting, because an objection to RBFR is it makes possible certain expensive DoS attacks. And #1 should piss off some people... So we'll see if the DoS attacks are serious enough that those pissed off people actually attack it. 😁 Background on RBFR:

One-Shot Replace-by-Fee-Rate

Currently Bitcoin Core implements a Replace-by-Fee (RBF) policy, wheretransactions are not replaced unless the new transaction pays at least a high...