Matt Whitlock [ARCHIVE] on Nostr: 📅 Original date posted:2015-02-22 📝 Original message:On Sunday, 22 February ...
📅 Original date posted:2015-02-22
📝 Original message:On Sunday, 22 February 2015, at 2:29 pm, Natanael wrote:
> In other words, you are unprotected and potentially at greater risk if you
> create a transaction depending on another zero-confirmation transaction.
This happened to one of the merchants at the Bitcoin 2013 conference in San Jose. They sold some T-shirts and accepted zero-confirmation transactions. The transactions depended on other unconfirmed transactions, which never confirmed, so this merchant never got their money.
I keep telling people not to accept transactions with zero confirmations, but no one listens.
📝 Original message:On Sunday, 22 February 2015, at 2:29 pm, Natanael wrote:
> In other words, you are unprotected and potentially at greater risk if you
> create a transaction depending on another zero-confirmation transaction.
This happened to one of the merchants at the Bitcoin 2013 conference in San Jose. They sold some T-shirts and accepted zero-confirmation transactions. The transactions depended on other unconfirmed transactions, which never confirmed, so this merchant never got their money.
I keep telling people not to accept transactions with zero confirmations, but no one listens.