Peter Todd @pete@petertodd.org
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https://petertodd.org/2024/one-shot-replace-by-fee-rate
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
Good day to check out nostr again. The primary reason I'm not here more often is I connect through a very jank VM. Elon is working hard to incentivize me to fix it.
https://nostr.build/i/3460e6f973ddde752824146d8c4424c1d309a548c076076b5334e72b160228de.jpg
https://nostr.build/i/3460e6f973ddde752824146d8c4424c1d309a548c076076b5334e72b160228de.jpg
New blog post: https://petertodd.org/2023/why-you-should-run-mempoolfullrbf
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)
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).
"A virus that turns things into opal"
https://youtube.com/shorts/_BuJ5BDQFjA?feature=share
- github
- https://github.com/petertodd
- pgp
- 37EC 7D7B 0A21 7CDB 4B4E 007E 7FAB 1142 67E4 FA04
Admin
Joined Jan 2021
