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Topic: Full RBF - page 9. (Read 3060 times)

legendary
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Leading Crypto Sports Betting & Casino Platform
June 23, 2022, 04:44:38 AM
#3
It is likely that most nodes will implement the Full RBF and here are my reasons:
What I am thinking too, also just because of what you stated already, it will also help the mempool to be less congested as some people will be able to pump the fee and increase the chance for the unconfirmed transaction'to be included into a block.

But that is not what o_e_l_e_o is asking. Even if 90% nodes signal for it, there will be a time at the start that just less than 50% nodes will signal for it and the number of nodes that will be signalling it will be increasing. If it is 50% to 50% of the nodes that signal and that do not signal, that it is possible some transactions in the mempool of the signal nodes to flag the transaction as RBF while those that did not signal will have the transaction as non RBF. So which one will be included into a block and be confirmed?

If a transaction has been flagged as RBF by a node, does block explorer has the ability to exclude it from transaction details? If the node you are connected has an RBF enable, that shouldn't be a problem with any explorer or is there going to be a change in RBF when nodes relay transactions within the network?
Yes, just like https://www.blockchain.com/explorer?view=btc do exclude it while some do include it. The thing is it is possible an unconfirmed transaction which is non RBF will be flagged as RBF on some mempool (mempool of the nodes that have signalled for it already) and remain not flagged as RBF on some other mempool (mempool of the nodes that have not signalled for it).
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
June 23, 2022, 03:56:06 AM
#2
I'm also curious as to what is going to happen when (for example) 50% of nodes have enabled full RBF, 50% of nodes have not enabled full RBF, and I try to replace a transaction which is opted out of RBF. What about if I'm using a hot wallet and not my own node? Will I have to connect to different servers to find one which will relay my replacement transaction?

It is likely that most nodes will implement the Full RBF and here are my reasons:
The mining Nodes will benefit in this aspect because having transaction default with Full RBF allows signers to boost transactions with more fees whenever the mempool becomes congested making them earn more sats from transactions fees.
There is also a high chance that other SPV wallets will follow the adoption just to keep their customers in the circle so that they don't move to other hots wallets that run their own nodes with full RBF feature for users but how soon I can't say.

Quote
And then presumably some block explorers will show the original transaction while some will show the replacement, and I'll have no idea which one will actually get mined until one of them is mined?

If a transaction has been flagged as RBF by a node, does block explorer has the ability to exclude it from transaction details? If the node you are connected has an RBF enable, that shouldn't be a problem with any explorer or is there going to be a change in RBF when nodes relay transactions within the network?
legendary
Activity: 2268
Merit: 18711
June 23, 2022, 03:11:04 AM
#1
Looks like full RBF will be coming to bitcoin sooner rather than later, and I've not seen any discussion about it yet on the forum.

Here are some relevant links and discussions:
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2021-June/019074.html
https://lists.linuxfoundation.org/pipermail/lightning-dev/2021-May/003033.html
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-June/020557.html
https://github.com/bitcoin/bitcoin/pull/25353
https://github.com/bitcoin/bitcoin/pull/25373

The TL;DR for anyone out of the loop is to implement a new setting for nodes, so that the node treats all unconfirmed transactions in its mempool as RBF enabled, regardless of whether or not that transactions signals for RBF. The default behavior (for now) will be to have this setting disabled, so the current opt-in RBF rules will apply, but nodes will be free to enable this setting and switch from opt-in RBF to full RBF if they choose.

There are a number of good reasons to do this, including benefits and more security for multi-party funded transactions including coinjoins, Lightning, and other layer 2 solutions. However, it also essentially stops any business from accepting zero confirmation transactions for small values, since all transactions (even those opted out of RBF) could potentially be replaced using RBF.

I'm also curious as to what is going to happen when (for example) 50% of nodes have enabled full RBF, 50% of nodes have not enabled full RBF, and I try to replace a transaction which is opted out of RBF. What about if I'm using a hot wallet and not my own node? Will I have to connect to different servers to find one which will relay my replacement transaction? And then presumably some block explorers will show the original transaction while some will show the replacement, and I'll have no idea which one will actually get mined until one of them is mined?
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