Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Double Spend
by
deisik
on 31/08/2016, 11:10:33 UTC
Bitcoin transactions are irreversible.

This is false.

True statements would be:
Well confirmed bitcoin transactions are prohibitively expensive to reverse.  Unconfirmed transactions in some situations can be trivially easy to eliminate

This is six of one and half a dozen of the other. I can just as well say that someone could buy all bitcoins out there, already mined or to be mined, and then reverse any transaction he may feel inclined to. And I assume he might not actually need to buy all bitcoins...

Just enough to make mining no longer relevant