From: Rusty Russell <rusty@rustcorp•com.au>
To: Tier Nolan <tier.nolan@gmail•com>
Cc: Bitcoin Development <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Consensus-enforced transaction replacement via sequence numbers
Date: Wed, 10 Jun 2015 12:10:38 +0930 [thread overview]
Message-ID: <87ioawp9p5.fsf@rustcorp.com.au> (raw)
In-Reply-To: <CAE-z3OWrVP+jE9bL=9+eC+RE5L5kYQ_Y-JT4Go2r+o-M=eYssw@mail.gmail.com>
Tier Nolan <tier.nolan@gmail•com> writes:
> What are the use cases for relative lock time verify? I have 1 and I think
> that is the kind of thing it is useful for.
>
> I think that most cases are just to guarantee that the other party has a
> chance to react. This means that 8191 blocks should be more than enough
> (and most would set it lower).
>
> For long term, the absolute version is just as good. That depends on use
> cases. "You can't take step 4 until 3 months after step 3 has completed"
> doesn't seem useful.
Lightning channels want them exactly like this to revoke old
transactions, which could be ancient on long-lived channels.
Cheers,
Rusty.
prev parent reply other threads:[~2015-06-10 2:43 UTC|newest]
Thread overview: 22+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-05-27 1:50 Mark Friedenbach
2015-05-27 7:47 ` Peter Todd
2015-05-27 8:18 ` Gregory Maxwell
2015-05-27 10:00 ` Tier Nolan
2015-05-27 10:58 ` Peter Todd
2015-05-27 17:07 ` Jorge Timón
2015-05-27 8:04 ` Telephone Lemien
2015-05-27 10:11 ` Mike Hearn
2015-05-27 15:26 ` Mark Friedenbach
2015-05-27 17:39 ` Mike Hearn
2015-05-28 9:56 ` Mark Friedenbach
2015-05-28 10:23 ` Mike Hearn
2015-05-28 10:30 ` Tier Nolan
2015-05-28 12:04 ` Peter Todd
2015-05-28 13:35 ` Tier Nolan
2015-05-28 16:22 ` s7r
2015-05-28 17:21 ` Tier Nolan
2015-05-28 14:59 ` Mark Friedenbach
2015-05-28 15:18 ` Tier Nolan
2015-05-28 15:38 ` Mark Friedenbach
2015-05-28 15:57 ` Tier Nolan
2015-06-10 2:40 ` Rusty Russell [this message]
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