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authorMatt Whitlock <bip@mattwhitlock.name>2014-04-23 00:03:17 -0400
committerbitcoindev <bitcoindev@gnusha.org>2014-04-23 04:17:19 +0000
commit2fb4295574d0b81eef96f8a4e47ea9bad7cb2c8c (patch)
tree6649976c1c452bbdb24b9cc9e18d22a9cc7bdea0
parent43e84b22141fed74d9ffd97efec6e1a2aa51733f (diff)
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Re: [Bitcoin-development] Double-spending unconfirmed transactions is a lot easier than most people realise
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+From: Matt Whitlock <bip@mattwhitlock.name>
+To: Tom Harding <tomh@thinlink.com>
+Date: Wed, 23 Apr 2014 00:03:17 -0400
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+Cc: bitcoin-development@lists.sourceforge.net
+Subject: Re: [Bitcoin-development] Double-spending unconfirmed transactions
+ is a lot easier than most people realise
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+On Tuesday, 22 April 2014, at 8:45 pm, Tom Harding wrote:
+> A network where transaction submitters consider their (final)
+> transactions to be unchangeable the moment they are transmitted, and
+> where the network's goal is to confirm only transactions all of whose
+> UTXO's have not yet been seen in a final transaction's input, has a
+> chance to be such a network.
+
+Respectfully, this is not the goal of miners. The goal of miners is to maximize profits. Always will be. If they can do that by enabling replace-by-fee (and they can), then they will. Altruism does not factor into business.
+
+