Peter Todd again. I don't like this.
Yesterday F2Pool, currently the largest pool with 21% of the hashing power, enabled full replace-by-fee (RBF) support after discussions with me. This means that transactions that F2Pool has will be replaced if a conflicting transaction pays a higher fee. There are no requirements for the replacement transaction to pay addresses that were paid by the previous transaction.
http://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg08422.htmlI've never understood Peter Todd's rationale for promoting replace-by-fee.
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Is there some benefit to RBF that I'm missing? This seems like a reckless policy.
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They want to intentionally
break native Bitcoin transactions to punish anyone who doesn't adopt Proofchains.
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RBF... Sweet!
The howls of rage by people who have been trying to pretend that Bitcoin is not a batch system and papering this fact over with insecure shitware, propaganda, and ignorance is hugely amusing.
The solution is simple, and looks like it should be available in a more robust form than I imagined sooner than I anticipate. That is, use a sidecoin that is designed to support the use-case properly if they need real-time behavior.