The RBF Debate Is A Matter Of Incentives And Individual Choice
Full RBF, while contentious, is essentially a matter of time, either through incentivized miners or through individual nodes.This is an opinion editorial by Shinobi, a self-taught educator in the Bitcoin space and tech-oriented Bitcoin podcast host.Big surprise, Bitcoiners are arguing furiously about a proposed change set to be included in the next release of Bitcoin Core. Opt-in replace-by-fee (RBF) is a mempool policy feature that was proposed in 2015 to give users a tool to deal with quick spikes in fees that lead to their transactions being stuck unconfirmed in the mempool for long....
Related News
Why is bitcoin the superlative choice of money for aligning the incentives of the world to the greatest benefit?
Bitcoin’s incentives are clear and fair, while proof-of-stake has contrasting incentives that are the same as the current system where the rich get richer.
The regulatory debate of cryptocurrencies is a sensitive matter for the cryptocurrency community. When Mike Hearn, Chair of the Bitcoin Foundation's Law & Policy committee, proposed a "brainstorming" on the possible merits of blacklisting addresses, there was a backlash at the very idea of having such a debate, but lawmakers and academics are constantly giving speeches and publishing papers on the legal implications of cryptocurrencies with particular emphasis on its anonymity or pseudo-anonymity features. Anonymity or pseudo-anonymity is a core feature of Bitcoin, the most prominent....
One of the many topics of discussion these days is which Bitcoin client people should use. Whether it is Bitcoin Core or Bitcoin XT, the debate will eventually be settled early next year. However, none of the other viable Bitcoin clients get mentioned in the discussion, even though there are a fair few to choose from. Does Bitcoin need more clients based....
As this debate on BitcoinTalk demonstrates, the current rhubarb regarding increasing the block size limit in Bitcoin has been ongoing since at least 2013 in a public manner... as well as a heated one. The discussion between the Bitcoin core developers goes on for 26 pages. The most recent post is April 2013. It starts with Peter Todd, who still to this day opposes increasing the block size limit in the manner being proposed via Bitcoin-XT. I fear very few people understand the perverse incentives miners have with regard to blocks large enough that not all of the network can process them,....