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I think more like "someone wrote a check and there's no guarantee it won't bounce". So really, it's quite analogous to how 0conf works in practice.
by qvrjuec 5y ago
I think more like "someone wrote a check and there's no guarantee it won't bounce". So really, it's quite analogous to how 0conf works in practice.
- tomc1985 5y agoThere are laws in place that specifically handle writing bad checks. While I'm sure double-spending Bitcoin transactiosn is illegal in some way, it is probably covered under a more nebulous fraud-type statute. I'd be curious to see the percentage likelihood on both, as well, as I suspect they are very different. Would businesses accept checks if half of them were bad?
- HWR_14 5y agoThe general fraud crimes you would get convicted of have a pretty nasty set of penalties. But good luck convincing a federal prosecutor to care about $20 worth of online goods that can be revoked.