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Hanshan · 3w
If the bip-110 people were serious about spam mitigation, wouldn't they be talking about reducing the Witness Discount? Isn't that where most of the spam is happening? Oh but they CAN'T talk about re...
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epsql @epsql
Removing the segregated witness would break lightning, but as far as I know the discount could be removed tomorrow with no consequences other than higher fees for opening channels, and in general for spending segwit outputs. In hindsight, the discount was most probably something that could have been avoided, and I'm with you that it should probably be removed.
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Hanshan · 3w
my understanding is that removing the discount would not only make channel opens more expensive, which is like "ok fine whatever" but it would make channel *closes and justice txs 3-4x more expensive. iow, prohibitive in high fee environments, which raises the bar of what channel size it is worth pu...