Quote from: Lauda on June 09, 2016, 03:26:44 PM

Quote from: Assmaster2000 on June 09, 2016, 03:11:45 PM

Not joking, explain the difference between me subscribing to a magazine and mailing a check, and your 0-confirm transactions. Penny Stock Weekly won't be able to spend the check I sent them until it clears, your trading partner won't be able to spend the unconfirmed transaction. Where's the difference?

So you're saying the following:

Double-spending a TX is easy and can be done by anyone
It takes the same amount of time for a unconfirmed TX to get confirmed as it takes a check to be cleared.

Neither one is true.

I'm asking you to explain the difference between an unconfirmed transaction and a check in the mail (which hasn't cleared). I can rephrase the question again, if you wish.
To put this back in context:

Quote from: Assmaster2000 on June 09, 2016, 03:00:33 PM

Quote from: Lauda on June 09, 2016, 02:50:53 PM

Wrong. Transaction time is: ~1-3 seconds. Confirmation time is: ~10 Minutes.

Dropping a check in the mail is ~1-3 seconds too. Of course, the recipient won't be able to spend the money until the check clears, but that's no different from your unconfirmed transaction.

edit: Yes, a check takes longer than 10 minutes to clear, though 10 minutes is far longer than "~1-3 seconds." Speed of BTC confirms is a different topic. We're looking for fundamental differences between an uncleared check & unconfirmed bitcoin transaction.

Update: ~~I'm not going to waste more time on you.~~

plz no!!