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

2022-12-12 Thread Anthony Towns via bitcoin-dev
On Fri, Dec 09, 2022 at 05:04:05PM +0100, 0xB10C via bitcoin-dev wrote: > For further monitoring, I've set-up a mempoolfullrbf=1 node and are > logging replacement events with [0]. I filter the full-RBF replacements > and list the replaced and replacement transactions here: >

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

2022-12-10 Thread Peter Todd via bitcoin-dev
On Sat, Dec 10, 2022 at 12:59:05PM +0100, 0xB10C wrote: > On 12/9/22 22:16, Peter Todd wrote: > >> For further monitoring, I've set-up a mempoolfullrbf=1 node and are > >> logging replacement events with [0]. I filter the full-RBF replacements > >> and list the replaced and replacement

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

2022-12-10 Thread 0xB10C via bitcoin-dev
On 12/9/22 22:16, Peter Todd wrote: >> For further monitoring, I've set-up a mempoolfullrbf=1 node and are >> logging replacement events with [0]. I filter the full-RBF replacements >> and list the replaced and replacement transactions here: > Question: are you taking any special steps to peer

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

2022-12-09 Thread Peter Todd via bitcoin-dev
On Fri, Dec 09, 2022 at 05:04:05PM +0100, 0xB10C via bitcoin-dev wrote: > Hi AJ and list, > > > This seems to be pretty good evidence that we currently don't have any > > significant hashrate mining with fullrbf policies (<0.5% if there was a > > high fee replacement available prior to every

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

2022-12-09 Thread 0xB10C via bitcoin-dev
Hi AJ and list, > This seems to be pretty good evidence that we currently don't have any > significant hashrate mining with fullrbf policies (<0.5% if there was a > high fee replacement available prior to every block having been mined), > despite the bounty having been collected. For further

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

2022-12-06 Thread El_Hoy via bitcoin-dev
On Mon, Dec 5, 2022 at 3:58 PM Erik Aronesty via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > note: if it was possible to enforce this, we wouldn't need proof of work > at all. since it isn't possible, proof of work is strictly necessary. > If making empty statements were

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

2022-12-05 Thread Peter Todd via bitcoin-dev
On Tue, Dec 06, 2022 at 12:39:40AM -0500, Peter Todd via bitcoin-dev wrote: > 10 or 20 nodes is completely meaningless. Pools run nodes themselves, which by > default connect to 8 outgoing peers. There's about 5000 IPv4 listening nodes > on > the network. When a node learns of a new block, it

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

2022-12-05 Thread Peter Todd via bitcoin-dev
On Mon, Dec 05, 2022 at 09:20:58AM -0300, El_Hoy wrote: > The only option I see against the attack Peter Todd is doing to opt-in RBF > and 0Conf bitcoin usage is working on a bitcoin core implementation that > stops propagation of full-rbf replaced blocks. Running multiple of such > nodes on the

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

2022-12-05 Thread Erik Aronesty via bitcoin-dev
note: if it was possible to enforce this, we wouldn't need proof of work at all. since it isn't possible, proof of work is strictly necessary. On Mon, Dec 5, 2022 at 9:53 AM Rijndael via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > Good morning, > > That sounds like a very

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

2022-12-05 Thread El_Hoy via bitcoin-dev
You are doing quite big claims without explaining those, let me add a few questions inline: On Mon, Dec 5, 2022 at 10:39 AM Greg Sanders wrote: This will greatly centralize the network as well as not actually achieve > the intended goal which is literally impossible. > Why would this

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

2022-12-05 Thread Michael Folkson via bitcoin-dev
> That said, a sufficiently incentivized actor (like Daniel Lipshitz or Muun > wallet developers) could work on a fork and run several nodes with such > functionality. Daniel Lipshitz has been working on BSV apparently [0] so I guess anything is possible with him. But as others have said

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

2022-12-05 Thread Rijndael via bitcoin-dev
Good morning, That sounds like a very dangerous mode of operation. You can already hand a transaction to a miner privately. I hand a transaction to a miner with some reasonable fee, and then I go and broadcast a different transaction with a minimal fee that spends the same inputs. The whole

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

2022-12-05 Thread Greg Sanders via bitcoin-dev
This will greatly centralize the network as well as not actually achieve the intended goal which is literally impossible. On Mon, Dec 5, 2022, 8:27 AM El_Hoy via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > The only option I see against the attack Peter Todd is doing to opt-in

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

2022-12-05 Thread El_Hoy via bitcoin-dev
The only option I see against the attack Peter Todd is doing to opt-in RBF and 0Conf bitcoin usage is working on a bitcoin core implementation that stops propagation of full-rbf replaced blocks. Running multiple of such nodes on the network will add a risk to miners that enable full-rbf that would

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

2022-11-15 Thread Peter Todd via bitcoin-dev
On Tue, Nov 15, 2022 at 03:36:08PM +1000, Anthony Towns via bitcoin-dev wrote: > On Tue, Nov 08, 2022 at 01:16:13PM -0500, Peter Todd via bitcoin-dev wrote: > > FYI I've gotten a few hundred dollars worth of donations to this effort, and > > have raised the reward to about 0.02 BTC, or $400 USD at

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

2022-11-14 Thread Anthony Towns via bitcoin-dev
On Tue, Nov 08, 2022 at 01:16:13PM -0500, Peter Todd via bitcoin-dev wrote: > FYI I've gotten a few hundred dollars worth of donations to this effort, and > have raised the reward to about 0.02 BTC, or $400 USD at current prices. Seems like this has been mostly claimed (0.014btc / $235,

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] Announcement: Full-RBF Miner Bounty

2022-11-08 Thread Peter Todd via bitcoin-dev
On Wed, Nov 02, 2022 at 05:26:27AM -0400, Peter Todd via bitcoin-dev wrote: > I'm now running a full-RBf bounty program for miners. > > tl;dr: I'm broadcasting full-RBF replacements paying extremely high fees to > reward miners that turn on full-RBF. I'm starting small, just ~$100/block in >

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

2022-11-03 Thread Erik Aronesty via bitcoin-dev
actually, peter makes an important point here technically, all we need is for *miners* to consistently mine "full rbf" as long as they do, businesses that accept 0conf will have to adjust their risk accordingly, and the problem of misaligned incentives is resolved i don't think it matters what

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

2022-11-02 Thread alicexbt via bitcoin-dev
Hi Peter, > tl;dr: I'm broadcasting full-RBF replacements paying extremely high fees to > reward miners that turn on full-RBF. I'm starting small, just ~$100/block in > times of congestion. Miner and pool profit margins are pretty small, on the > order of $1k/block in many cases, so I know it

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

2022-11-02 Thread Peter Todd via bitcoin-dev
I'm now running a full-RBf bounty program for miners. tl;dr: I'm broadcasting full-RBF replacements paying extremely high fees to reward miners that turn on full-RBF. I'm starting small, just ~$100/block in times of congestion. Miner and pool profit margins are pretty small, on the order of