Subject: Re: [Bitcoin-development] Fee drop

From: naman naman <[email-masked]>
Date: Tue, 25 Feb 2014 13:04:41 +0530

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 <[email-masked]> 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 strategy relies on transactions we accept to
> mempools getting mined, and the clearance rate of the new low-fee
> transactions is going to be pretty small; we've already had problems in
> the past with mempool growth in periods of high demand. Equally it
> should be obvious to people how you can create large groups of low-fee
> transactions, and then cheaply double-spend them with higher fee
> transactions to suck up network bandwidth - just like I raised for the
> equally foolish double-spend propagation pull-req.
>
> Of course, there's also the problem that we're basically lying to people
> about whether or not Bitcoin is a good medium for microtransactions.
> It's not. Saying otherwise by releasing software that has known and
> obvious DoS attack vulnerabilities that didn't exist in the previous
> version is irresponsible on multiple levels.
>
> --
> 'peter'[:-1]@petertodd.org
> 0000000000000000b28e2818c4d8019fb71e33ec2d223f5e09394a89caccf4e2
>
>
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