4 ms·
A transaction would have to be worth thousands of dollars to be worth the effort of setting up a successful double spend attack. For the vast majority of use ca
by the_rosentotter 10y ago
A transaction would have to be worth thousands of dollars to be worth the effort of setting up a successful double spend attack. For the vast majority of use cases this concern doesn't enter into the picture at all, and an immediate 0-conf transaction is fine.
- ChemicalWarfare 10y agoDouble spends are actually not that difficult, much easier to implement than a fraudulent Credit Card transaction for example. In addition to double spends there are also things like volatile mainnet confirmation times etc. Which is why bitpay won't fund the merchant until 6 confs on the bitcon network.