Um, it's called "replace-by-fee" for a reason. The transaction [set] paying the 
highest fee [rate] is always the one that will be accepted. You can't use the 
order in which transactions were received to determine which one is the 
"replacing" transaction and which is/are the "replaced" transaction(s) because 
order is not defined for transactions in the mempool. (Ordering transactions is 
precisely why we must have a block chain.)


On Thursday, 9 July 2015, at 5:42 pm, Raystonn wrote:
> It is a mistake for RBF to assume a transaction with lower fee is invalid.  
> If I paid a higher fee to get a one hour confirmation in the current 
> congestion, I might want to drop back to a lower fee if I see the spam stop.
> 
> On 9 Jul 2015 4:55 pm, Matt Whitlock <[email protected]> wrote:
> > I'm presently running my full node with Peter Todd's full replace-by-fee 
> > patch set [1]. I am seeing a LOT of messages in the log about replacement 
> > transactions being rejected due to their paying less in fees than the 
> > transactions they would replace. I understand that this could happen 
> > legitimately from time to time, due to my node's receiving a replacing 
> > transaction prior to receiving the replaced transaction; however, due to 
> > the ongoing spam attack, I am seeing a steady stream of these rejection 
> > messages, dozens per second at times. I am wondering if each replacement 
> > rejection ought to penalize the peer who relayed the offending transaction, 
> > and if the penalty builds up enough, then the peer could be temporarily 
> > banned, similar to how other "misbehaving" peers are treated.
> > 
> > [1] https://github.com/petertodd/bitcoin/commits/replace-by-fee-v0.10.2
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