From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 188D4CA1 for ; Fri, 22 Dec 2017 01:15:49 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-ua0-f196.google.com (mail-ua0-f196.google.com [209.85.217.196]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 09FED3D9 for ; Fri, 22 Dec 2017 01:15:47 +0000 (UTC) Received: by mail-ua0-f196.google.com with SMTP id q22so6812803uaa.9 for ; Thu, 21 Dec 2017 17:15:47 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20161025; h=mime-version:sender:in-reply-to:references:from:date:message-id :subject:to:cc; bh=yoJQl9SzFD5SIvZC0387ssDLXdC8DqAG7dtcwcC0WT0=; b=F8JjOYUZyRLOmZdGeADqD5eSH2MFv324MKOaaz6H7W5T4p2OzRAR9Ox4hU7lE60BOB 7flk8pPO5ktQS2r6Hc9p41GfJegdFvXUdoP+HFVFI7v1M8eW6QqueIaGWu90Ig3Ngsf/ ip1LZER1pExzxsF5Zv+O4rozJ5y3Qg+f9lpEDV0IIidEwUXM0x3TcHOnl4UL7lnWjnvp U4s9qW3kyEhXyte0BIm9GJXyneVym//ZeyRNj9/X/yH9tR1YCf7UBDq147CEZp6EgmwB QWMuvHVcLAQ/HtqnuoU7HuS85KniPhQhoHFaVwC0RRfNOCpXEeNQm/Swpbtm8bXkzEnX o7nA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20161025; h=x-gm-message-state:mime-version:sender:in-reply-to:references:from :date:message-id:subject:to:cc; bh=yoJQl9SzFD5SIvZC0387ssDLXdC8DqAG7dtcwcC0WT0=; b=htF54HibF7sMcCCRrEac+ChRHoVB3pKzNyrwZTdseZ62iPGWjZB7ss4CYW+lXCO4lV sX8+1EVc56HlynMp5QzIiCDj7rX7B5M8gPRLJpdKRNU/+KWPqSyG4+MT9tS8hhL6mdqp hLvABSvAAm/rOUVwzlLUjP5m6ixFixZc4EPgU1xJ9ggbX9iB5plyCUCamyocWtzGh2H9 lVgWDNZZZD9hO7sdZrO2OwKFR1MD0NOzyi1SyK80MSj3/SWPmbFdlHpx6UsS5evdBz+e uPhN3Moa9GU26rgH7GIjlB3EQUm9p48/Oy6qU48I4d0xmhCnMGDkS4jPY9zdEdlbpdDq 34Cg== X-Gm-Message-State: AKGB3mJmnsp+mlXT2kAtY4k893wMDyZhiklyfbU6E4IOeGx0WQGe+1vN h5AyLLyaPvA0XIvqlKZOF1bYUcNQLsRtJQaVYG0= X-Google-Smtp-Source: ACJfBosvtDfEBob2twkWADvcAYdqvgvkwzlFtsmoF39jbBPNH2bEQk4xgfTSIzE58S/LYxoap83BoHU2gsrkBYrT/+g= X-Received: by 10.159.32.135 with SMTP id 7mr13846157uaa.61.1513905347174; Thu, 21 Dec 2017 17:15:47 -0800 (PST) MIME-Version: 1.0 Sender: gmaxwell@gmail.com Received: by 10.103.85.148 with HTTP; Thu, 21 Dec 2017 17:15:46 -0800 (PST) In-Reply-To: <9EB76B68-E8AC-4BE8-8279-BA18033CBF9F@friedenbach.org> References: <9EB76B68-E8AC-4BE8-8279-BA18033CBF9F@friedenbach.org> From: Gregory Maxwell Date: Fri, 22 Dec 2017 01:15:46 +0000 X-Google-Sender-Auth: FallGsM3bbADG-CSB-m2pI7h3sI Message-ID: To: Mark Friedenbach , Bitcoin Protocol Discussion Content-Type: text/plain; charset="UTF-8" X-Spam-Status: No, score=-1.9 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID, FREEMAIL_FROM, RCVD_IN_DNSWL_NONE autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Subject: Re: [bitcoin-dev] Total fees have almost crossed the block reward X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Protocol Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 22 Dec 2017 01:15:49 -0000 On Fri, Dec 22, 2017 at 12:30 AM, Mark Friedenbach via bitcoin-dev wrote: > Every transaction is replace-by-fee capable already. Opt-in replace by fee > as specified in BIP 125 is a fiction that held sway only while the income > from fees or fee replacement was so much smaller than subsidy. The distinction is does a next fee replacement hit the next block 99% of the time or does it do so with 10% probability each successive block that the original remains unconfirmed; eventually converging to the same 99% but only after a non-trivial additional delay. As a result it's still useful to flip it on. I believe electrum has been defaulting to opt-in without any big problems. There was discussion in the bitcoin core weekly irc meeting today about defaulting it on. Some expressed the view that perhaps it should be left off by default for the RPC because some industrial users but I'm of the view that those users are both most likely to want it on and also the most able to see it in the release notes and change their settings.