From: Jeremy <jlrubin@mit•edu>
Cc: Jeremy via bitcoin-dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: [bitcoin-dev] [was BIP OP_CHECKTEMPLATEVERIFY] Fee Bumping Operation
Date: Sun, 7 Jun 2020 23:43:39 -0700 [thread overview]
Message-ID: <CAD5xwhjhcSDX_e8RFHveOdEEwC6YTe8kPaUw_egKkrdE0fVe1w@mail.gmail.com> (raw)
In-Reply-To: <20200608110545.078f8e81@simplexum.com>
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Broke out to a separate thread.
At core, the reason why this method *might* work is that it's essentially
just CPFP but we can guarantee that the link we're examining is always
exactly one hop away, so we get rid of most of the CPFP graph traversal
issues.
Your description largely matches my thinking for how something like this
could work (pay for neighbor). The issue is that the extant CPFP logic is
somewhat brittle and doesn't work as expected (Child not Children, which is
problematic for multiple PFN's).
> PFN transaction would still be valid if some of 'ghost parents' are
already confirmed, so the miners could have more fees than strictly
necessary. But this is the same as with CPFP.
This is problematic and can't be done as it requires a new index of all
past txns for consensus.
My thinking is that a Fee Bump transaction can name a list of TXIDs (Or one
TXID which implies all ancestors of) that it wishes to be included in a
block with. It must be included in that block. A Fee Bump transaction may
have no unconfirmed ancestors nor any children. Potentially, it also may
not be RBF'd. You treat the Fee Bump Transactions as the lowest descendant
of whatever it targets and then set it's feerate/total fee based on the
package that would have to co-confirm for it to be worth mining. This makes
it sort like normal transactions for inclusion. You can require some
minimums for mempool inclusion at all.
If it's target is confirmed or replaced, it should drop from the mempool.
Transactions in the mempool may set a flag that opts out of CPFP for
descendants/blocks any descendants. Channel protocols should set this bit
to prevent pinning, and then use the Fee Bump to add fees to whatever txns
need to go through. If done right you can also layer a coinswap protocol
with the fee-bumping txns change so that you are getting a privacy benefit
at the same time.
BTW the annex *could* be used for this purpose, but it would also be
acceptable to have it be in some kind of anyone can spend output. Then it
would just be a anyone-can-spend tx with OP_CHECK_TXID_IN_BLOCK (or
OP_CHECK_UTXO_SPENT_IN_BLOCK), and a miner could claim all such outputs at
the end of the block. This is worse in terms of on-chain overheads, but
nice in that it's the minimal semantic change & introduces some general
purpose functionality.
But my thoughts are still pretty loose at the moment around it. I suspect
that to make fee bumping work nicely would require removing CPFP entirely,
but I don't know that to be the case concretely.
--
@JeremyRubin <https://twitter.com/JeremyRubin>
<https://twitter.com/JeremyRubin>
On Sun, Jun 7, 2020 at 11:02 PM Dmitry Petukhov <dp@simplexum•com> wrote:
> В Sun, 7 Jun 2020 15:45:16 -0700
> Jeremy via bitcoin-dev <bitcoin-dev@lists•linuxfoundation.org> wrote:
>
> > What I think we'll eventually land on is a way of doing a tx
> > that contributes fee to another tx chain as a passive observer to
> > them. While this breaks one abstraction around how dependencies
> > between transactions are processed, it also could help resolve some
> > really difficult challenges we face with application-DoS (pinning and
> > other attacks) in the mempool beyond CTV. I have a napkin design for
> > how this could work, but nothing quite ready to share yet.
>
> I had an idea of 'Pay for neighbor' transaction where a transaction
> that is not directly a child of some other transaction can specify that
> it wants to pay the fee for that other transaction(s). It can become
> like 'ghost child' transaction for them, in what it cannot be mined
> unless its 'ghost parents' are confirmed, too. It will be like CPFP,
> but without direct dependency via inputs. Such 'PFN' transaction would
> not spend any coins beside what it specifies in its own inputs, of
> course.
>
> The idea required a hardfork at first, but Anthony Towns suggested
> a way to make it into a soft fork (past-taproot) by putting the txids of
> 'ghost parents' into taproot annex.
>
> PFN transaction would still be valid if some of 'ghost parents' are
> already confirmed, so the miners could have more fees than strictly
> necessary. But this is the same as with CPFP.
>
> Looking at the mempool code, it seems that only a way how parent/child
> transactions relationships are established will need to be adjusted to
> account for this 'ghost relationships', and once established, other
> logic will work as with CPFP. There could be complications regarding
> transaction package size. But I cannot claim that I understand that
> code enough to say something about this with certainty.
>
>
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next prev parent reply other threads:[~2020-06-08 6:43 UTC|newest]
Thread overview: 17+ messages / expand[flat|nested] mbox.gz Atom feed top
2019-11-26 1:50 [bitcoin-dev] BIP OP_CHECKTEMPLATEVERIFY Jeremy
2019-11-27 21:32 ` Russell O'Connor
2019-11-28 19:59 ` Jeremy
2019-12-11 0:37 ` Jeremy
2019-12-13 23:06 ` Jeremy
2019-12-19 20:08 ` Jeremy
[not found] ` <20191214122546.5e72eb93@simplexum.com>
[not found] ` <CAD5xwhgwhOwuPjKz-0_y7HP=jTi=6wJo8uH6HqCvOndr6wo0+Q@mail.gmail.com>
2020-02-14 11:18 ` Dmitry Petukhov
2020-02-14 19:16 ` Jeremy
2020-09-03 14:42 ` Dmitry Petukhov
2020-09-03 17:34 ` Jeremy
2020-09-03 17:47 ` Jeremy
2020-02-15 0:24 ` ZmnSCPxj
2020-06-07 16:51 ` Joachim Strömbergson
2020-06-07 22:45 ` Jeremy
2020-06-08 6:05 ` Dmitry Petukhov
2020-06-08 6:43 ` Jeremy [this message]
2020-06-08 7:15 ` [bitcoin-dev] [was BIP OP_CHECKTEMPLATEVERIFY] Fee Bumping Operation Dmitry Petukhov
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