Overly dramatic.

Decentralization isn't gone. This feature just shifts economic benefit from the miner to the transaction creator. Miners who do this are automatically sacrificing rewards they could have otherwise earned by including a higher paying transaction.

They can't sustainably do this, without the transaction creators paying them in some other way.

The idea has also been around for probably 7 or 8 years. Notice that it hasn't caught on, nor scaled.

ELI5 what's wrong with this? It was inevitable miners were going to find other ways to maximize their value. Atleast Bitcoin doesn't have any MEV-sandwich business going on. This seems like a replacement for RBF for wallets that don't have RBF

they still had to pay a higher fee than the 1 sat per vbyte they initially broadcast, so i don't get what the point of it is - the miners aren't doing you a favour, you have to pay them to do this, by whatever means.

1 sat tx getting confirmed in a high fee congestion period would stick out like a sore thumb too, so presumably they could be discounted/ignored by fee estimators ?

it's RBF with extra steps - just seems silly.

What does that mean? In my mind the pools doing some calculations to figure out the problem and get reward. How is this possible without bump the fee?

This is another huge news after Ledger suicide

Is there an obvious solution?

This sure seems like an overreaction to me. But, maybe I don't get it.

What it looks like:

This feature allows anyone to pay miners out of band using bitcoin to include a transaction in the next block. The only thing that is different about this to me is that they offer an interface for doing this out of band vs. using the protocol.

What is the harm? That this happens out of band? Fee bumping is something I've been experimenting with this last week. In principle this seems to me to be no different in principle. Honestly, this almost feels like a joke. A prank. I mean, you can do this with RBF now without Mempool.space

Most importantly, I don't see how this could ever be prevented.

What am I missing?

me totally agree

Oh just stop it.

Top

It is not news that there are cooperative miners helping to process transactions. Miners always get a reasonable fee to help out. For those who do not use RBF transaction, it is also a good choice to use Lightning Network to pay miners. Better than broadcasting another transaction. It's just that the video doesn't reveal what method is used.

and in the end of the video they laugh, splendid.

a disaster...the sounds of laughter in the video is horrible....