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authorMike Hearn <mike@plan99.net>2014-04-25 12:19:12 +0200
committerbitcoindev <bitcoindev@gnusha.org>2014-04-25 10:19:22 +0000
commit13d3dc7ba0d31ca2e81253aace9d4150dde7e71c (patch)
tree8315c0509a25714d7c011314f2ee47ae5b7803f1
parentbcbb25dc2b18b8ba1f63e9a43784380a5d7c6316 (diff)
downloadpi-bitcoindev-13d3dc7ba0d31ca2e81253aace9d4150dde7e71c.tar.gz
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Re: [Bitcoin-development] 0 confirmation txs using replace-by-fee and game theory
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+From: Mike Hearn <mike@plan99.net>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] 0 confirmation txs using replace-by-fee
+ and game theory
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+
+--089e01229d100be5c704f7db4c3f
+Content-Type: text/plain; charset=UTF-8
+
+>
+> You don't get any money back, but you do get an angry shopkeeper chasing
+> you down the street / calling the police / blacklisting you from the
+> store.
+>
+
+If they could do that they'd just take the stolen property back and you
+would have failed to spend your money twice. So this is by definition, not
+a successful double spend. We are worried about the cases when you could
+successfully double spend, and the only thing stopping you is Bitcoin.
+
+--089e01229d100be5c704f7db4c3f
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote"><blo=
+ckquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #c=
+cc solid;padding-left:1ex">You don&#39;t get any money back, but you do get=
+ an angry shopkeeper chasing<br>
+
+you down the street / calling the police / blacklisting you from the<br>
+store. <br></blockquote><div><br></div><div>If they could do that they&#39;=
+d just take the stolen property back and you would have failed to spend you=
+r money twice. So this is by definition, not a successful double spend. We =
+are worried about the cases when you could successfully double spend, and t=
+he only thing stopping you is Bitcoin.</div>
+</div></div></div>
+
+--089e01229d100be5c704f7db4c3f--
+
+