petertodd.org/2024/one-shot-re

One-Shot Replace-By-Fee-Rate

tl;dr: we can solve Rule #3 transaction pinning attacks by simply replacing based on fee-rate, if the old transaction wasn't going to be mined in the next block or two, and the new transaction will be.

This _is_ incentive compatible, because it makes more sense to make money now with a high fee rate transaction than to favor a transaction of lower fee rate that may never even be mined.

Peter Todd boosted

New blog post: petertodd.org/2023/why-you-sho

What is full-RBF? Why is it good for multiparty protocols like conjoin? Why is it good for wallets and miners? And why do a small minority hate it with a passion?

(we all gotta take a break from ordinal drama you know)

Not good.

We really need miners to move off Foundry to smaller pools.

Peter Todd boosted

So, why *I* am unhappy about the Ordinals project: it confirms in people's mind, a terrible cognitive error.

If there's one thing I always have tried to get across to people in the various talks, podcasts whatever I've given over the years it's this: satoshis *do not exist*. There is no serial number attached to them; they do not exist in code. It's like asking 'where are the inches on this 15 inch stick'. Utxos exist, sats (or bitcoins), don't. Abstract? Yes, but in a sense, critical.(4/n).

Show thread

"Combat GoPro - Wiping Out Russian Spetsnaz Team in CQB"
youtu.be/RQeyk1BQ7LE

Fighting 1m from the enemy.

Luxor mined a block with four full-rbf replacements at once: web.archive.org/web/2022122421

Two from my OTS calendars (including a $165 fee). And two others that I didn't create.

Great example of how legacy payment systems are totally busted: raspberrypi.com/verify/

Show older
Mastodon

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!