Replying to Avatar openoms

Thinking this through once again: #ordisrespector does not seem dangerous knowing that:

- bitcoind does not consider the mempool for fee estimation (only the past blocks).

- LN implementations and Electrum servers rely on the data from bitcoind.

Please correct me if I am wrong.
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Kristaps K. 2y ago

Yes, unless you use specific software that takes local mempool into account when estimating tx fees.

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openoms 2y ago

Thanks, I know about two such software:

- mempool (the FOSS project)

- Bitcoin Knots

are there any more that might be affected by changing the content of my local mempool?

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Kristaps K. 2y ago

Knots? AFAIK ir has the same estimator as Core, haven’t noticed big differences in estimations. Maybe nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk can comment.

Don’t also Sparrow Wallet have custom estimator?

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Luke Dashjr 2y ago

Only difference between Core and Knots fee estimates is Knots by default targets confirmation within 24 hours.

Looking at your current mempool for fee estimation is broken by design