Author: Peter Todd 2013-05-09 11:46:05
Published on: 2013-05-09T11:46:05+00:00
The discussion on the Bitcoin forum reveals that there are concerns regarding the patch that replaces the current behavior of double-spending with a new model. The main issue is that it could make double-spending easier. However, the patch addresses the problem by making double-spending impossible, as you are bidding for blockchain space and can adjust your bid after the fact. It also allows more use cases, like adding additional outputs to a transaction or combining transactions to save on blockchain space. While some argue that accepting a fee revision should only be valid if every aspect of the revision except the reward remains unchanged, others believe that this approach would violate privacy since nodes cannot distinguish change from payment. The patch allows for a simple replacement without further rules, allowing the fee adjustment process to continue indefinitely. Overall, the discussion suggests that the patch offers a better solution than the current behavior of double-spending and provides more flexibility for users.
Updated on: 2023-06-06T16:37:33.125118+00:00