--- Log opened Tue Jun 22 00:00:45 2021
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11:00 < darosior> harding: how does that encourage miners to request fee out of band? I would have thought it implemented as a static "give XmBTC to the miner that mine on top of my block", otherwise it does not work
11:03 < michaelfolkson> darosior: Did you respond in the wrong channel? Supposed to be #l2-onchain-support?
11:03 < harding> darosior: if I'm willing to pay 100 sat to get my transaction confirmed in the next block, I can pay 100 sat in fees that next-block miner Alice might need to share 50/50 with second-block miner Bob or he'll re-mine her block to steal those 100 sat.  Alternatively, Alice might accept 60 sat from me out of band (e.g. via LN) for a 1 sat in fees transaction that Bob will have no interest in attempting to remine.
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11:04 < harding> michaelfolkson: correct channel, old conversation.
11:04 < michaelfolkson> harding: Oh ok. Sorry :)
11:05 < darosior> Also the big advantage of jl2012's proposal over achieving the same incentive by purposefully excluding some high fee-paying transactions from your template to incentivize next miner is that with the former method the transactions end up confirmed in your block, not (hopefully) the next one. I think it's much better to keep a clear expectation for
11:05 < darosior> bidding on block space: you pay more, you get confirmed earlier. With the exclude-some-txs method wallet can't really estimate the policy to get included in a block
11:06 < darosior> Yeah, sorry for the latency but i've been thinking about it today. Also, thanks for the link
11:07 < darosior> harding: but this incentive is already present today? How does removing the maturity rule for coinbase txs make this situation worse?
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11:17 < harding> darosior: no worries about the latency.  I tend to agree that it doesn't make anything worse.  I was unclear in my earlier reply about thinking this whole class of solutions to fee sniping of paying safe money to future miners is "not clear to me that it's a viable strategy".
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--- Log closed Wed Jun 23 00:00:46 2021