4 ms·
For in-person, retail purchases, double spend is a big issue since waiting around for 10-20 minutes while the transaction is confirmed is unworkable.
by JohnTHaller 13y ago
For in-person, retail purchases, double spend is a big issue since waiting around for 10-20 minutes while the transaction is confirmed is unworkable.
- Smegger 13y agoA karmic based waiting period my be needed then; It could be based on age of address, transactions successful, repeat business with your address, amount of bitcoins spent per purchase, etc. With a higher score you could waive the waiting period for conformations or use less confirmations based on whatever algorithm you have. If some one is going to try cheating they probably won't be doing with and address they conduct regular business with.
- ksrm 13y agoSmegger, you are hellbanned.