Bitcoin Transcripts

Date

8 April, 2024

Topics

Speakers

Not available

Transcript by

Todo: Overview PR that states goal of replacing Knapsack
Introduce Sand Compactor
Demonstrate via Simulations that situation is improved vs Knapsack
- Potential privacy leak: all algorithms would be deterministic, but feels insignificant or at least would not make it worse
Should we clear out negative effective value UTXOs?
- Users seem to indicate that they would prefer to empty wallets completely even if they pay more
- General agreement that we should continue to spend negative effective value UTXOs
- SRD and SandCompactor will allow spending them, maybe below discardfeerate, maybe below 5 s/vB, maybe even below 10 s/vB
Fallback mechanisms if no other solution found
- There is a gap between changeless solutions and minChange
- No don’t fall back to Lowest Larger
- CoinGrinder
- Pick whole wallet
Should we fall back to CoinGrinder when fees are large compared to recipient amount?
- No, it’s fine for wallets to be smarter than the user 😛
What were the changeless Knapsack solutions that were found by Knapsack and not BnB?
Idea: Remove changeless solutions from Knapsack
Separate from Knapsack removal Idea: For large UTXO pools create a sample subset randomly and do coin selection on that
Privacy improvement Idea: Slightly change fees on UTXOs randomly by a minor amount to change
- Easier to implement: Just increases, because decreases can cause issues around minFeerate and changeless solution
Unrelated idea: After we have privacy metric, cover APS as privacy score