Author: Adrian Macneil 2015-06-19 15:20:52
Published on: 2015-06-19T15:20:52+00:00
The conversation is about the risks associated with connecting to several nodes and relaying harmful double spend transactions. The speaker argues that both actions create systemic risks of failure and should be avoided. They also point out the potential game theory implications of implementing full-RBF, where a miner without a contract could force Coinbase to offer them one, potentially leading to a situation where a single entity has control of the blockchain. However, the speaker notes that if someone had contracts with 51% of the network, it wouldn't matter if small-time miners ran full-RBF. The conversation ends with a suggestion that Coinbase should never enter into mining contracts, but the speaker questions whether relying on policy and promises is any better than existing double spend rules based on policy and promises.
Updated on: 2023-06-09T23:54:31.863846+00:00