Subject: Re: [bitcoin-dev] CheckTemplateVerify Does Not Scale Due to UTXO's Required For Fee Payment

From: Peter Todd <[email-masked]>
Date: Tue, 30 Jan 2024 04:49:57 +0000

On Thu, Jan 25, 2024 at 05:49:26PM +0000, jlspc wrote:
> Hi Peter,
> 
> If feerate-dependent timelocks (FDTs) (1) are supported, it would be possible to use CTV to define a transaction with a fixed fee and no anchor outputs, as long as it's racing against a transaction with an FDT.

Fee-rate-dependant timelocks have obvious issues around manipulation of
observed fee-rates by miners. It not unreasonable to say they assume miners are
honest, which is a significant weakening of the economic incentive-based
security model we usually assume in Bitcoin.

-- 
https://petertodd.org 'peter'[:-1]@petertodd.org