Post
Topic
Board Bitcoin Discussion
Re: A successful DOUBLE SPEND US$10000 against OKPAY this morning.
by
makomk
on 13/03/2013, 00:27:40 UTC
Excuse my non-technical, conceptual-only questions / thoughts / checking if I have this right in my head:


1)  There was no *permanent*  "double spend" right?   i.e. the transaction on the .8 fork would have eventually been orphaned / dumped / never credited to the address specified in the .8 block?

2)  The risk here (and reason why SwC shut off all deposits / withdraws for a few hrs until this was resolved) was that during this very odd period a sophisticated user could use multiple 0-conf services that would all at the same time believe they were getting the same coins, but after the blockchain becomes 1 again only 1 of the transactions would actually be included in the "real" blockchain?
In theory this didn't just affect 0-confirmation services. The transaction on the 0.8 side of the double-spend got 15 confirmations on that fork before it was invalidated by the conflicting transaction from the 0.7 side of the fork, which is more confirmations than anyone requires.