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32 sats \ 9 replies \ @DarthCoin 3 Dec 2022 \ on: Any good RBF debate explainers out there? bitcoin
Here, the best simple explanation.
https://i.postimg.cc/6pCjLd2B/bitcoiners-rbf.jpg
RBF was in Bitcoin for years, but people ignore it. Now suddenly everybody is trying to "explain" it, but I don't know why. Is just noise for nothing.
As I understand it, the impetus for revived debate is that there was a recent change to Bitcoin Core having to do with RBF and some disagree with the change.
I’ve seen several “pieces” of both arguments but still struggling to find a good comprehensive overview of the entire disagreement.
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In short: before it was a matter of the sender to enable RBF for the single transaction, now there is a config (default set to false) that enable a node to treat all the transaction as RBF.
If the option will be largely activated this will kill the 0-conf practice, used by some business.
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The short of a short: if a tx doesn't have at least 3 or 6 confirmations, is not your bitcoins.
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So 3, 6 or... 9?
Joking :)
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any reads on those business models and why "forced RBF" breaks them?
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The risk of accepting 0-conf transactions increases at the point it is not acceptable anymore, so they cannot operate "real time".
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Is there any risk of spamming the mempool by continuously updating the transaction fee?
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Nodes should only be propagating txs increasing the fee, but yeah, the possibility of spamming the network through increasing the fee by 1 sat steps seems to be worse.. But users can already do it with RBF transactions. Only ancient pre-RBF nodes would not propagate the tx.
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Nodes do not propagate RBF replacements unless they pay a minimum threshold of additional funds per byte. The cost is high enough that it'd be a lot cheaper to just buy cloud servers and DoS attack the entire P2P network directly.
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