Post
Topic
Board Bitcoin Discussion
Re: can i cancel a deposit from blockchain in case of posibly fraud?
by
arcticlava
on 21/05/2016, 08:04:43 UTC
There are 2 possibilities, either you want to send bitcoin or any altcoin to any address or you don't.
If you do then nothing can reverse the transaction, how ever if still not confirmed you may double spend it which I think you lose everything
Only the coins never reach the destination, I'm not sure how double spending works and if detected by block chain what happens to the coins
But when confirmation happens nothing can bring you back your money, sorry if you lost cash to scammers.

not yet, but is something that i want avoid.....

thanks

It sounds like you are trying to find a way to send a btc transaction in exchange for something but cannot be assured of delivery. In this case you will want to use a trusted third party for escrow. Some alt coins are developing escrow built - in to the wallet, such as syscoin