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Or at least not matching the return on mining investments expectations. Still, I believe we might have to adopt more sophisticated replacement policies in the long term to level the field among the mining ecosystem if block construction/mempool acceptance strategies become a competitive factor. This is making the assumption that the economic interests of the different class of actors in the Bitcoin ecosystem are not only well-understood but also aligned. Though, I would say it’s better to be cautious until we understand better the interactions between the different layers of the Bitcoin ecosystem ? You get 50% of whatever your friends earn with Free Bitcoin! You don’t have to wait to get paid. If we see the deployment of channel factories/payment pools, we might have users competing to spend a shared-utxo with different liquidity needs and thus ready to overbid. Always accepting (package/descendent) fee rate increases removes the possibility of pinning entirely, I think I think the pinnings we’re affected with today are due to the ability of a malicious counterparty to halt the on-chain resolution of the channel. That we have to think about replacement spam prevention sounds reasonable to me. I think it would be good to have a cost estimate of them and ensure a newer replacement policy would stay in the same bounds.
