>
> 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.
>
Beyond the
- Sent from my tablet
Den 22 feb 2015 17:25 skrev "Justus Ranvier" :
>
> You just disproved your own argument.
>
> It is possible to predict risk, and therefore to price the risk.
Your fault is that you assume the predictions can be reliable and
trustable.
They can not be.
The data you have avai
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On 02/22/2015 10:17 AM, Natanael wrote:
> The problem with this approach is that it is worthless as a
> predictor. We aren't dealing with traffic safety and road design -
> we are dealing with adaptive attackers and malicious miners and
> pools.
>
> A
Den 22 feb 2015 17:00 skrev "Justus Ranvier" :
>
> On 02/22/2015 07:50 AM, Matt Whitlock wrote:
> > 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
> > u
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On 02/22/2015 07:50 AM, Matt Whitlock wrote:
> 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 t
On Sun, Feb 22, 2015 at 03:18:05PM +, joli...@airmail.cc wrote:
> > Indeed, which is why I wrote some easy-to-use and highly effective
> > tools
> > to pull off double-spends and made sure to publicise them and their
> > effectiveness widely. They've had their desired effect and very few
> > p
On 2015-02-22 14:33, Peter Todd wrote:
> On Sun, Feb 22, 2015 at 02:11:31PM +, Adam Back wrote:
>> My actual point outside of the emotive stuff (and I should've stayed
>> away from that too) is how about we explore ways to improve practical
>> security of fast confirmation transactions, and if
Den 22 feb 2015 14:29 skrev "Natanael" :
>
>
> Den 22 feb 2015 13:36 skrev "Peter Todd" :
>
> > Implementing it as a general purpose scripting language improvement has
> > a lot of advantages, not least of which is that you no longer need to
> > rely entirely on inherently unreliable P2P networking
On Sun, Feb 22, 2015 at 02:11:31PM +, Adam Back wrote:
> My actual point outside of the emotive stuff (and I should've stayed
> away from that too) is how about we explore ways to improve practical
> security of fast confirmation transactions, and if we find something
> better, then we can help
On Sun, Feb 22, 2015 at 8:11 AM, Adam Back wrote:
> away from that too) is how about we explore ways to improve practical
> security of fast confirmation transactions, and if we find something
> better, then we can help people migrate to that before deprecating the
> current weaker 0-conf transact
My actual point outside of the emotive stuff (and I should've stayed
away from that too) is how about we explore ways to improve practical
security of fast confirmation transactions, and if we find something
better, then we can help people migrate to that before deprecating the
current weaker 0-con
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On 22 February 2015 08:50:30 GMT-05:00, Matt Whitlock
wrote:
>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 zer
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 s
Den 22 feb 2015 13:36 skrev "Peter Todd" :
> Implementing it as a general purpose scripting language improvement has
> a lot of advantages, not least of which is that you no longer need to
> rely entirely on inherently unreliable P2P networking: Promise to never
> create two signatures for a specif
On Sun, Feb 22, 2015 at 08:02:03AM +, Adam Back wrote:
FWIW I've been advocating this kind of thing in various forms for
literally years, including to hold fidelity bonded banks honest - what
you now call 'federated sidechains' - and most recently Feb 12th on
#bitcoin-dev:
19:56 < petertodd>
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