Re: [bitcoin-dev] Thoughts on fee bumping

2022-02-12 Thread Billy Tetrud via bitcoin-dev
With respect to the disagreement/misunderstanding about the "<1vMB in the mempool" case, I think it's important to be clear about what the goals of relay policy are. Should the goal be to only relay transactions that increase miner revenue? Sure ideally, because we want to minimize load on the net

Re: [bitcoin-dev] Recursive covenant opposition, or the absence thereof, was Re: TXHASH + CHECKSIGFROMSTACKVERIFY in lieu of CTV and ANYPREVOUT

2022-02-12 Thread Billy Tetrud via bitcoin-dev
> in the case of a multisig/non-consensus based system, exit from that restriction is still possible But why do we care if someone reduces the value of coins they own by permanently encumbering them in some way? Burning coins permanently encumbers them so much they can't be spent at all. If the wo

Re: [bitcoin-dev] Recursive covenant opposition, or the absence thereof, was Re: TXHASH + CHECKSIGFROMSTACKVERIFY in lieu of CTV and ANYPREVOUT

2022-02-12 Thread darosior via bitcoin-dev
> Such a construct would present dangerous implications to the fungibility of > individual UTXOs by introducing a totally different risk model in being paid > with such a coin compared to any other coin not encumbered by such a condition How is that different from being paid in an altcoin? It se