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Episode 68: Full Replace-By-Fee (RBF) in Bitcoin Core 24.0
Manage episode 347423074 series 2860967
RBF has been the topic of a previous Bitcoin, Explained episode: episode 26. In this new episode, therefore, Aaron and Sjors don’t explain in-depth on what RBF is, exactly, or how it works. They do however very briefly summarize its most important aspects.
Aaron and Sjors then go on to explain why Bitcoin Core developers originally decided to include this feature, and they discuss some of the arguments for and against (full) RBF that came up at the time and since then. These include the effect of RBF on “pinning attacks” (a type of attack that is especially relevant for the Lightning Network and other Layer Two protocols), the relative safety of accepting unconfirmed transactions today, privacy-related arguments concerning the “opt-in” flag that RBF transactions currently use, the detrimental effects of monitoring the network for potential double spends, and more.
THIS EPISODE’S SPONSORS:
Voltage - https://voltage.cloud/
Bitcoin 2023 Miami - https://b.tc/conference/
Bitcoin Magazine - https://store.bitcoinmagazine.com/
Bitcoin Magazine Pro - https://bitcoinmagazine.com/tags/bitcoin-magazine-pro
Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!
Use promocode: BMLIVE for 10% off everything in our store!
94 episodes
Manage episode 347423074 series 2860967
RBF has been the topic of a previous Bitcoin, Explained episode: episode 26. In this new episode, therefore, Aaron and Sjors don’t explain in-depth on what RBF is, exactly, or how it works. They do however very briefly summarize its most important aspects.
Aaron and Sjors then go on to explain why Bitcoin Core developers originally decided to include this feature, and they discuss some of the arguments for and against (full) RBF that came up at the time and since then. These include the effect of RBF on “pinning attacks” (a type of attack that is especially relevant for the Lightning Network and other Layer Two protocols), the relative safety of accepting unconfirmed transactions today, privacy-related arguments concerning the “opt-in” flag that RBF transactions currently use, the detrimental effects of monitoring the network for potential double spends, and more.
THIS EPISODE’S SPONSORS:
Voltage - https://voltage.cloud/
Bitcoin 2023 Miami - https://b.tc/conference/
Bitcoin Magazine - https://store.bitcoinmagazine.com/
Bitcoin Magazine Pro - https://bitcoinmagazine.com/tags/bitcoin-magazine-pro
Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount!
Use promocode: BMLIVE for 10% off everything in our store!
94 episodes
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