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Sk8eM dUb
replied 2176d
Seriously, describe to me how you'd steal a coffee with a doublespend and why it'd be worth it to even try. Spell out the economics and odds of success.
replied 2176d
"But for 0-conf here's an explanation of how a double spend can be done: https://jasonc.me/blog/bitcoin-bip-133-double-spends-bch"
Sk8eM dUb
replied 2176d
Except WHOOPS now there's a mug shot of the dude stealing and an immutable record of his theft AND the miner who aided him. Pool operators start bouncing that guys blocks for sport??
replied 2176d
exactly.
Reputation will start to have weight moreso than ever when tokens come in too.
This whole double spend argument is a distraction.
Sk8eM dUb
replied 2176d
Like say I bought a $100 microwave with 0-conf and got lucky enough to make it out of the store and double spend the $100 - the store will then send my mugshot to the local police.
Sk8eM dUb
replied 2176d
I mean you can get it to confirm on the blockchain. That's not really what I'm getting at. I'm wondering how someone would steal merchandise of sufficient value to justify the effort.
Sk8eM dUb
replied 2176d
If the merchant requires a good miner fee to make sure the txn propagates quickly and gets "first seen" there's minuscule chance you'll get lucky unless you collude with a miner.
replied 2176d
@memo was citing an article about the "how" today, let me see.
replied 2176d
Same way they're doing it now. Best case it works and I get free coffee. Worst case it doesn't. If you had a 10%+ chance of getting free stuff wouldn't you take it?
replied 2176d
What kind nd of free stuff? If I didn’t like it I wouldn’t take it. Now if it’s from Tiffany Chanel Dior I would take it in a heartbeat. Unless it was stolen or fake of course