On Sat, Feb 21, 2015 at 11:47 PM, Jeff Garzik <jgar...@bitpay.com> wrote: > "scorched earth" refers to the _real world_ impact such policies would > have on present-day 0-conf usage within the bitcoin community.
When I posted this: http://sourceforge.net/p/bitcoin/mailman/message/32263765/ Peter Todd clarified that the concept was referred to as "scorched earth" http://sourceforge.net/p/bitcoin/mailman/message/32264039/ Like I said I don't like the name and would prefer "stag hunting" which is more formal and precise. Some people seem to use the same term for "the potential undesirable consequences of widely deployed replace-by-fee policies". I'm not sure that concept deserves its own term. > All payment processors AFAIK process transactions through some scoring > system, then accept 0-conf transactions for payments. > > This isn't some theoretical exercise. Like it or not many use > insecure 0-conf transactions for rapid payments. Deploying something > that makes 0-conf transactions unusable would have a wide, negative > impact on present day bitcoin payments, thus "scorched earth" And maybe by maintaining first seen policies we're harming the system in the long term by encouraging people to widely deploy systems based on extremely weak assumptions. ------------------------------------------------------------------------------ Download BIRT iHub F-Type - The Free Enterprise-Grade BIRT Server from Actuate! Instantly Supercharge Your Business Reports and Dashboards with Interactivity, Sharing, Native Excel Exports, App Integration & more Get technology previously reserved for billion-dollar corporations, FREE http://pubads.g.doubleclick.net/gampad/clk?id=190641631&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
