> I think that is a misdirection on your part. The point of replace-by-fee is
> to make 0-confirms reliably unreliable. Currently people can "get away" with
> 0-confirms but it's only because most people arent actively double spending,
> and when they do it is for higher value targets. Double spend attacks are
> happening a lot more frequently than is being admitted here, according to
> Peter from work with various clients.
> Like single address reuse, people have gotten used to something which is bad.
> Generally accepting 0-conf is also a bad idea(tm) and instant confirmation
> solutions should be sought elsewhere. There are already interesting solutions
> and concepts: greenaddress for example, and CHECKLOCKTIMEVERIFY micropayment
> channels for example. Rather than supporting and promoting risky 0-confirms,
> we need to spend time on better alternative solutions that will work for
> everyone and not during the honeymoon phase where attackers are fewer.
Here's value-free assessment of the issue here:
1. Zero-conf txs are unsafe.
2. We'd all want to have a safer instant payments solution if possible.
3. As a social artifact, today zeroconf txs happen to work for some people in
4. Replace-by-fee will break #3 and probably hasten development of #2.
The discussion boils down to whether we should make #2 happen sooner by
breaking remnants of #3 sooner.
I personally would rather not break anything, but work as fast as possible on
#2 so no matter when and how #3 becomes utterly broken, we have a better
solution. This implies that I also don't want to waste time debating with Peter
Todd and others. I want to be ready with a working tool when zeroconf
completely fails (with that patch or for some other reasons).
TL;DR: those who are against the patch are better off building a decentralized
clearing network rather than wasting time on debates. When we have such
network, we might all want this patch to be used for all the reasons Peter has
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