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With no confirmations a double spend is easy (would require a custom Bitcoin client designed for the purpose). Is it likely? No. So, if I ran a coffee shop, I'd
by SwellJoe 13y ago
With no confirmations a double spend is easy (would require a custom Bitcoin client designed for the purpose). Is it likely? No. So, if I ran a coffee shop, I'd hand over the goods without confirmation. If I were selling a house or a car, I'd wait for a whole lot of confirmations. Digital goods probably don't need to wait, either, particularly for returning customers.
So, yeah, I agree...I just want to be clear about why the risk is low: Because most people aren't going to cheat you out of a cup of coffee.