Author: John Carvalho 2022-10-15 04:20:55
Published on: 2022-10-15T04:20:55+00:00
The email exchange between John Carvalho and Peter Todd revolves around the debate over Replace-by-Fee (RBF) and 0-conf transactions in Bitcoin. John argues that enforcing RBF is more harmful to Bitcoin, as there are more Bitcoiners who want to utilize 0conf than those who want to replace transactions. He also claims that RBF proponents seek to reduce commercial utility while 0conf proponents are not asking for changes to Bitcoin. On the other hand, Peter argues that the way merchants try to manage 0conf risk is harmful to Bitcoin and can lead to deals with miners directly, which is obviously extremely harmful. He also suggests that everyone doing that is very harmful, only a few merchants being able to do it is centralized, and that connecting to large numbers of nodes to try to risk-manage propagation is an attack, albeit a mild one. The argument escalates between the two parties, where John accuses Peter of being hypocritical and sensationalizing with claims of reorgs or harm, while Peter suggests that John's argument loses when comparing quantities.
Updated on: 2023-06-16T00:57:57.171671+00:00