Damus
vnprc · 57w
some unorthodox ideas that are probably inevitable: - transaction relay should not take place on the bitcoin peer-to-peer network - endogenous fees are more harmful than beneficial, exogenous fees are...
DZC profile picture
Have to disagree:

- Bitcoin P2P network is a very important piece of bitcoin decentralisation, underappreciated and undervalued. We must protect it as much as possible (and improve it making it more resilient, silent, etc...)
- There's no security budget problem. Bitcoin owners must and will protect the network. And if they don't, it's because they don't really understand it and bitcoin has failed.

🫂
3❤️2
vnprc · 57w
Transaction relay is a secondary concern to bitcoin nodes. The primary concern is relaying and validating blocks. Bolting on transaction relay to a block-first node network is an antipattern. This is apparent when you consider the negative externalities of transaction relay. Namely: - the many DOS r...