Re: [Bitcoin-development] Fee drop

2014-02-28 Thread Peter Todd
On Tue, Feb 25, 2014 at 10:09:23AM -0800, Jeremy Spilman wrote: If I understand correctly, the risk here is this would open a historically large discrepancy between MIN_RELAY and the expected minimum fee to actually obtain block inclusion. I don't know if that's true, but I think that's what

Re: [Bitcoin-development] Fee drop

2014-02-27 Thread Troy Benjegerdes
On Mon, Feb 24, 2014 at 11:41:16PM -0500, Peter Todd wrote: So, just to be clear, we're adding, say, a memory limited mempool or something prior to release so this fee drop doesn't open up an obvious low-risk DDoS exploit right? As we all know, the network bandwidth DoS attack mitigation

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Odinn Cyberguerrilla
So, just to be clear, we're adding, say, a memory limited mempool or something prior to release so this fee drop doesn't open up an obvious low-risk DDoS exploit right? As we all know, the network bandwidth DoS attack mitigation strategy relies on transactions we accept to mempools

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Peter Todd
On Tue, Feb 25, 2014 at 06:25:18PM +0530, Mike Hearn wrote: Given that the fee drop puts fees in real (i.e. dollar) terms back to where they were some months ago, it seems odd to claim this is creating vulnerabilities that didn't exist in the previous version. The cost of an attack would be

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Mike Hearn
There are two possibilities. One is that the value of transactions with the new lower fee is outweighed by increased orphan costs and miners refuse to include them en-masse. Wallet authors lose the staring match and go back to setting higher fees until such a time as block propagation is

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Peter Todd
On Tue, Feb 25, 2014 at 10:25:58PM +0530, Mike Hearn wrote: Well, I've done my responsible disclosure, and I've got better things to do than argue with wishful thinking. There are two possibilities. One is that the value of transactions with the new lower fee is outweighed by increased

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Jeremy Spilman
If I understand correctly, the risk here is this would open a historically large discrepancy between MIN_RELAY and the expected minimum fee to actually obtain block inclusion. I don't know if that's true, but I think that's what Peter is saying makes it different this time.The relay network does

Re: [Bitcoin-development] Fee drop

2014-02-25 Thread Odinn Cyberguerrilla
Am suggesting a (possible) mitigation of [possible flooding, etc], via some kind of discussion (potentially process BIP, related to bundling and / or randomization) not now, but down the road. However, needs more thought and analysis (you mentioned code audit?) before it could be floated around

[Bitcoin-development] Fee drop

2014-02-24 Thread Peter Todd
So, just to be clear, we're adding, say, a memory limited mempool or something prior to release so this fee drop doesn't open up an obvious low-risk DDoS exploit right? As we all know, the network bandwidth DoS attack mitigation strategy relies on transactions we accept to mempools getting

Re: [Bitcoin-development] Fee drop

2014-02-24 Thread naman naman
I quite agree with Peter, anything that can be exploited will be exploited, just like malleability was. On Tue, Feb 25, 2014 at 10:11 AM, Peter Todd p...@petertodd.org wrote: So, just to be clear, we're adding, say, a memory limited mempool or something prior to release so this fee drop