Ninjastic
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Board Development & Technical Discussion
Re: Reminder: zero-conf is not safe; $500USD reward posted for replace-by-fee patch
by
phelix
on 08/07/2015, 08:29:38 UTC
Quote from: iCEBREAKER on July 06, 2015, 01:32:01 PM
Quote
Peter Todd Fri, 19 Jun 2015

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.
Haha, that went well.


It's an illusion to believe Bitcoin is a completely trust less system. We need a majority of miners to act responsibly. This has shown in the 2013 database fork and recently with the lazy block validating.

There is no problem trusting the miners - only with pools controlling too much mining power.

IMHO something like a mining codex will be established sooner or later.