Re: [bitcoin-dev] Merkleize All The Things

2022-11-09 Thread David A. Harding via bitcoin-dev
On 2022-11-07 23:17, Salvatore Ingala via bitcoin-dev wrote: Hi list, Hi Salvatore!, I have been working on some notes to describe an approach that uses covenants in order to enable general smart contracts in bitcoin. You can find them here: https://merkle.fun I haven't yet been able

Re: [bitcoin-dev] [Opt-in full-RBF] Zero-conf apps in immediate danger

2022-11-09 Thread ArmchairCryptologist via bitcoin-dev
--- Original Message --- On Tuesday, October 18th, 2022 at 9:00 AM, Anthony Towns via bitcoin-dev wrote: > I mean, if you think the feedback is wrong, that's different: maybe we > shouldn't care that zeroconf apps are in immediate danger, and maybe > bitcoin would be better if any that

Re: [bitcoin-dev] Announcement: Full-RBF Miner Bounty

2022-11-09 Thread yancy via bitcoin-dev
technically, all we need is for *miners* to consistently mine "full rbf" There's another important point I think: technically, all we need is for *miners* to consistently mine the highest fee-rate transaction (or the one with the most incentive). Miners could probably be incentivized to

Re: [bitcoin-dev] On mempool policy consistency

2022-11-09 Thread yancy via bitcoin-dev
Bob has staked liquidity in a payment channel with Alice who later double spends the same inputs (at a very low feerate) resulting in a stalemate where neither can spend the UTXOs. I just realized I made a mistake. RBF will always mine the higher fee transaction, so in this case, full-rbf

Re: [bitcoin-dev] Using Full-RBF to fix BIP-125 Rule #3 Pinning with nLockTime

2022-11-09 Thread Peter Todd via bitcoin-dev
On Mon, Nov 07, 2022 at 05:55:59PM -0500, Antoine Riard wrote: > Hi Peter, > > > We can ensure with high probability that the transaction can be > > cancelled/mined > > at some point after N blocks by pre-signing a transaction, with nLockTime > > set > > sufficiently far into the future,

Re: [bitcoin-dev] Merkleize All The Things

2022-11-09 Thread Peter Todd via bitcoin-dev
On Tue, Nov 08, 2022 at 03:34:32PM -0800, Bram Cohen via bitcoin-dev wrote: > Another probably unhelpful bit of feedback I have is that Bitcoin should > probably be taking verkle trees seriously because those can have > substantially lower size/cost/weight than merkle trees. That doesn't just >