4 ms·
Double spends would be hard enough that it is not worth it for low-value transactions. The operator of Ghash would have a 30% chance of pulling it off, but tha
by mappum 12y ago
Double spends would be hard enough that it is not worth it for low-value transactions. The operator of Ghash would have a 30% chance of pulling it off, but that problem would be solved if hashpower/pool concentration gets solved.
- deleted 12y ago[deleted]
- Retric 12y agoYou don't need lot's of having power a new transaction with a higher transaction fee can get you there ~10-20% of the time. For small anonimus transactions like a vending machine that's not a problem. Add a slick UI and an suddenly lot's of people are going for random "Free" soda.
- mike_hearn 12y agoI think there are a mix of reasons why existing double spends are working, certainly things have gone wrong and there are various ways to do it - e.g. Eligius does not follow the same rules as everyone else and that's exploitable by double spenders. However that's not fee related.