From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1YLnYi-0006xR-K4 for bitcoin-development@lists.sourceforge.net; Thu, 12 Feb 2015 06:47:32 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of petertodd.org designates 62.13.148.110 as permitted sender) client-ip=62.13.148.110; envelope-from=pete@petertodd.org; helo=outmail148110.authsmtp.com; Received: from outmail148110.authsmtp.com ([62.13.148.110]) by sog-mx-2.v43.ch3.sourceforge.com with esmtp (Exim 4.76) id 1YLnYg-0005L6-N1 for bitcoin-development@lists.sourceforge.net; Thu, 12 Feb 2015 06:47:32 +0000 Received: from mail-c235.authsmtp.com (mail-c235.authsmtp.com [62.13.128.235]) by punt16.authsmtp.com (8.14.2/8.14.2/) with ESMTP id t1C6lOkG010008 for ; Thu, 12 Feb 2015 06:47:24 GMT Received: from savin.petertodd.org (75-119-251-161.dsl.teksavvy.com [75.119.251.161]) (authenticated bits=128) by mail.authsmtp.com (8.14.2/8.14.2/) with ESMTP id t1C6lKq0001991 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES128-SHA bits=128 verify=NO) for ; Thu, 12 Feb 2015 06:47:22 GMT Date: Thu, 12 Feb 2015 01:47:19 -0500 From: Peter Todd To: bitcoin-development@lists.sourceforge.net Message-ID: <20150212064719.GA6563@savin.petertodd.org> MIME-Version: 1.0 Content-Type: multipart/signed; micalg=pgp-sha256; protocol="application/pgp-signature"; boundary="0OAP2g/MAC+5xKAE" Content-Disposition: inline User-Agent: Mutt/1.5.21 (2010-09-15) X-Server-Quench: ffa90f06-b282-11e4-b396-002590a15da7 X-AuthReport-Spam: If SPAM / abuse - report it at: http://www.authsmtp.com/abuse X-AuthRoute: OCd2Yg0TA1ZNQRgX IjsJECJaVQIpKltL GxAVJwpGK10IU0Fd P1hXKl1LNVAaWXld WiVPGEoXDxgzCjYj NEgGOBsDNw4AXgd1 Jh0bXVBSFQB4ARoL AhkUUBo8cABYeX95 e0RnX25aWkVlcE56 XU8aUWx1YzsbKWAf UEFRfgIacQFOfRsL PAYuXXNbYWMaNHho RUpqZj1teD8EeXoQ GllXcANKSB9WEjdj UQoPBTEmFkBATTR2 IRErYkBEWh9JdB0o OgdJ X-Authentic-SMTP: 61633532353630.1023:706 X-AuthFastPath: 0 (Was 255) X-AuthSMTP-Origin: 75.119.251.161/587 X-AuthVirus-Status: No virus detected - but ensure you scan with your own anti-virus system. X-Spam-Score: -1.5 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_PASS SPF: sender matches SPF record X-Headers-End: 1YLnYg-0005L6-N1 Subject: [Bitcoin-development] replace-by-fee v0.10.0rc4 X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 12 Feb 2015 06:47:32 -0000 --0OAP2g/MAC+5xKAE Content-Type: text/plain; charset=utf-8 Content-Disposition: inline Content-Transfer-Encoding: quoted-printable My replace-by-fee patch is now available for the v0.10.0rc4 release: https://github.com/petertodd/bitcoin/tree/replace-by-fee-v0.10.0rc4 Along with demo scripts of the functionality: https://github.com/petertodd/replace-by-fee-tools New to this version is a comprehensive set of unittests under qa/replace-by-fee Additionally the preferential peering support now preferentially peers with Bitcoin XT=C2=B9 nodes that support Andresen/Harding's double-spend relaying=C2=B2 patch. While Bitcoin XT nodes don't accept double-spends into their mempool, they do relay them perfectly well and thus are an asset to those doing replace-by-fee mining.=C2=B3 I've had a number of requests from miners for a version of replace-by-fee against Luke-Jr's Eligius patches=E2=81=B4; I'll be also releasing that shortly once this release has undergone some more testing. What's replace-by-fee? ---------------------- Currently most Bitcoin nodes accept the first transaction they see spending an output to the mempool; all later transactions are rejected. Replace-by-fee changes this behavior to accept the transaction paying the highest fee, both absolutely, and in terms of fee-per-KB. Replaced children are also considered - a chain of transactions is only replaced if the replacement has a higher fee than the sum of all replaced transactions. Doing this aligns standard node behavior with miner incentives: earn the most amount of money per block. It also makes for a more efficient transaction fee marketplace, as transactions that are "stuck" due to bad fee estimates can be "unstuck" by double-spending them with higher paying versions of themselves. With scorched-earth techniques=E2=81=B5 it g= ives a path to making zeroconf transactions economically secure by relying on economic incentives, rather than "honesty" and alturism, in the same way Bitcoin mining itself relies on incentives rather than "honesty" and alturism. Finally for miners adopting replace-by-fee avoids the development of an ecosystem that relies heavily on large miners punishing smaller ones for misbehavior, as seen in Harding's proposal=E2=81=B6 that miners collectivel= y 51% attack miners who include doublespends in their blocks - an unavoidable consequence of imperfect p2p networking in a decentralized system - or even Hearn's proposal=E2=81=B7 that a majority of miners be able to vote to confiscate the earnings of the minority and redistribute them at will. Installation ------------ Once you've compiled the replace-by-fee-v0.10.0rc4 branch just run your node normally. With -debug logging enabled, you'll see messages like the following in your ~/.bitcoin/debug.log indicating your node is replacing transactions with higher-fee paying double-spends: 2015-02-12 05:45:20 replacing tx ca07cc2a5eaf55ab13be7ed7d7526cb9d30308= 6f116127608e455122263f93ea with c23973c08d71cdadf3a47bae45566053d364e77d217= 47ae7a1b66bf1dffe80ea for 0.00798 BTC additional fees, -1033 delta bytes Additionally you can tell if you are connected to other replace-by-fee nodes, or Bitcoin XT nodes, by examining the service bits advertised by your peers: $ bitcoin-cli getpeerinfo | grep services | egrep '((0000000000000003)|= (0000000004000001))' "services" : "0000000000000003", "services" : "0000000004000001", "services" : "0000000004000001", "services" : "0000000000000003", "services" : "0000000004000001", "services" : "0000000004000001", "services" : "0000000000000003", "services" : "0000000000000003", Replace-by-fee nodes advertise service bit 26 from the experimental use range; Bitcoin XT nodes advertise service bit 1 for their getutxos support. The code sets aside a certain number of outgoing and incoming slots just for double-spend relaying nodes, so as long as everything is working you're node should be connected to like-minded nodes a within 30 minutes or so of starting up. If you *don't* want to advertise the fact that you are running a replace-by-fee node, just checkout a slightly earlier commit in git; the actual mempool changes are separate from the preferential peering commits. You can then connect directly to a replace-by-fee node using the -addnode command line flag. 1) https://github.com/bitcoinxt/bitcoinxt 2) https://github.com/bitcoin/bitcoin/pull/3883 3) https://github.com/bitcoin/bitcoin/pull/3883#issuecomment-45543370 4) https://github.com/luke-jr/bitcoin/tree/0.10.x-ljrP 5) http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/= msg05211.html 6) http://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/ms= g06970.html 7) http://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/= msg04972.html --=20 'peter'[:-1]@petertodd.org 000000000000000013c290b77d45d2ea7f9220aedfadfd556ad41b6bd39822f3 --0OAP2g/MAC+5xKAE Content-Type: application/pgp-signature; name="signature.asc" Content-Description: Digital signature -----BEGIN PGP SIGNATURE----- iQGrBAEBCACVBQJU3ExzXhSAAAAAABUAQGJsb2NraGFzaEBiaXRjb2luLm9yZzAw MDAwMDAwMDAwMDAwMDAwMmZhMjFjODQyZDQ4YjEzMzM0NjFhMWVkN2Y1ZjE4MDlj NjFkZDE0YjZiM2E1OTAvFIAAAAAAFQARcGthLWFkZHJlc3NAZ251cGcub3JncGV0 ZUBwZXRlcnRvZC5vcmcACgkQJIFAPaXwkft5KAgAtGeMGNPw54+FHqH3vHULQSfK gGHabXF5F2u6x9OKSpl8R2LbzCYZOGSkVnxEsfvqvKjd53xPAYGl6ugTKy03mkcU keXX2dmnoQSjaE29XTJz+9T6p3BKZuosY8gA74+z7bkyfzU+Nd7LvZLmNcTHHHq4 qoHq7aBi1gSOsCxW+tUtmcEfc21PfRvwdX5nx+oY1UcIZV9xXWk92wyO6MiUH+Bm nWKDe/Sp+S8SkmJLw8dhSaweaGVUJRRza5IB/OkIFj1byZflbQZBGkhkFfPkyw+5 AAu3m7CJTgOmsVGqiX0gkJeZEZ4WUfIsd04DI3Onk/yhQxlDsvd7CwvEHl9B7A== =W/oB -----END PGP SIGNATURE----- --0OAP2g/MAC+5xKAE--