Re: [Bitcoin-development] Bi-directional micropayment channels with CHECKLOCKTIMEVERIFY

[Gregory Maxwell <gmaxwell@gmail.com>]

On Fri, Jan 9, 2015 at 1:20 PM, Mike Hearn <mike@plan99.net> wrote:
>> A limitation on most existing micropayment channel ideas is that payments
>> can only flow in one direction.
> It's worth noting that the original protocol as designed by Satoshi did not
> have this limitation. It has evolved this way because of ad-hoc DoS fixes
> over time (btw I'm not saying they were the wrong thing to do, as non "ad
> hoc" solutions are significantly more work). But it seems like eventually a
> different approach to handling DoS attacks based on resource prioritisation
> and scheduling will become needed / implemented, and at that point the
> original design could be safely brought back to life.

I don't agree with your understanding.  Expecting replacement to work
and be enforced is completely unsafe. People (sanely) refuse to use
protocols which are broken by refund malleability, which is a much
narrower expectation for miners than expecting the sequence ratchet to
go one way.