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I've started a new Geyser fund for Libre Relay: geyser.fund/project/librerelay

I've ported Libre Relay to Bitcoin Core's new v28.0rc1 release, and I'm trying out Geyser to see if I can get my time paid for. I'll release the code if I do.

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).

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"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/

"My dude slowed down gravity in mid air 🀯"
youtube.com/shorts/Q7qCU4jOLyQ

Dance battle or physics homework problem?

"Back from the front: a British volunteer in Ukraine"
youtu.be/TCbD4WBqPg4

Excellent video.

Interesting! Foundry USA mined a full-rbf double-spend, with a few minutes between tx #1 and tx #2: web.archive.org/web/2022122102

My best guess is this has something to do with unconfirmed inputs. My stock v24.0 node saw both tx #1 and tx #2 at the same time initially, but rejected the latter for spending an unconfirmed input. Then a few minutes later, it accepted tx #2 once the input confirmed.

Peter Todd boosted

So... this seems like a good time to start experimenting with Mastodon.

I'm very skeptical about the chances of getting enough network effect to bootstrap a new social media site in general, and even more for distributed/decentralized/non-commercial ones.

Still, recent events on Twitter make me believe there is a chance, and I'd like to help make that happen.

I have two rented VPS servers running full-rbf nodes that were previously in Mykolaiv, Ukraine, quite close to the front lines in Kherson.

The hosting company finally gave up and moved their whole operation to a Kyiv data center this weekend. Russia has been trying to destroy the entire Ukrainian power grid for two months now; wouldn't be surprised if that hosting company can't get enough diesel fuel in Mykolaiv due to demand by other critical services.

Sad.

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