The RBF Debate Is A Matter Of Incentives And Individual Choice. By Shinobi The Bitcoin network has a team of programmers and developers, both independent and institution-based, who, together, are in constant search of improvement. Nevertheless, changing the Bitcoin network is not as easy to do as with other cryptocurrencies. Unlike altcoins, Bitcoin is truly decentralized and consensus is required — an essential feature for sound money. Today, Bitcoin Core developers are in the midst of a new debate. Bitcoiners are arguing furiously about a proposed change set to be included in the next release of Bitcoin Core. Opt-in replace-by-fee (RBF) is a mempool policy feature that was proposed in 2015 to give users the chance to replace transactions to deal with transactions being stuck unconfirmed due to quick spikes in fees. Now, Bitcoin Core is set to implement Full RBF, which would make replace-by-fee on by default for most nodes. The author of this article discusses everything you need to know about this Bitcoin Improvement Proposal. |