Post
Topic
Board Development & Technical Discussion
Re: Miners have too much power when deciding about tx inclusion
by
zamazama
on 02/05/2013, 16:37:13 UTC
There are no "not-legitimate" transactions. Just ones that end up in the chain and ones that don't.
Yes, there is. The tx which was broadcasted first is legitimate and any other transaction that is broadcasted later is non-legitimate.

If a user is concerned that they might be dealing with someone who would try to back out of paying then they should use Bitcoin's built in solution, wait for confirmations.

There are use cases where you don't want to wait for confirmations.

What if the first tx was to an invalid account? Is it still legitimate? A double spend in this case would not be fraudulent.

The short comings of BTC is there is no instant confirmation, and thus you have to wait for confirmations .. LTC is shorter, but you still have to wait.