This is a quote from the book "On Zero Confirmation Transactions" by Chris Pacia
...seful for bumping transaction fees on transactions that get stuck, but does not allow double spending. The “full” replace-by-fee we are discussing here has no other purpose but to allow mine
rs to accept fees in exchange for helping to defraud merchants.
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You would think that this would be a policy that should be roundly denounced and discouraged at every turn; yet in th
e bizarro world of Bitcoin core development, we not only have developers supporting such a policy, but writing code and attempting to persuade miners to use it! I’ve even heard it argued that,...