>Although it is generally best not to do so, it is possible to spend unconfirmed bitcoins.
Plz give me an example, because I want to do some serious double-spending via 0-fee tx.
Plz give me an example, because I want to do some serious double-spending via 0-fee tx.
Sure. As of the time that I'm posting this, you can see a transaction spending unconfirmed bitcoins here:
https://blockchain.info/tx-index/153263713
However, I suspect you'll find that getting away with double spending isn't as easy as you seem to imply it is.
>properly formed bitcoin transaction will typically (more often than half the time) confirm in less than 10 minutes
Only if the hashrate is going up. If the hashrate is constant, the average is exactly 10 minutes, because math.
Only if the hashrate is going up. If the hashrate is constant, the average is exactly 10 minutes, because math.
Yes, the average is exactly 10 minutes (or at least VERY close), and as I said, more than half of the time it takes less than 10 minutes. I believe the median is about 8 minutes or so, because maths.
>10 minutes and rarely (if ever) take more than 120 minutes
Can assure you, it happens. See thread linked above.
Can assure you, it happens. See thread linked above.
When I said "The properly formed bitcoin transaction" I hoped that the average reader on this forum would understand that included paying a reasonable transaction fee. The thread you linked was regarding a transaction that paid no fee at all.
None of your responses seem to successfully dispute my list of differences between an uncleared check and an unconfirmed bitcoin transaction.
Your FUD doesn't impress me much.