Post
Topic
Board Development & Technical Discussion
Re: Reminder: zero-conf is not safe; $1000USD reward posted for replace-by-fee patch
by
thezerg
on 09/05/2013, 21:39:26 UTC
We are arguing that this unquestionably how miners will operate in the future, anyway, so we change the default now to prevent any further adaptation to a  false sense of security/reality.

I doubt it.  If there is ever a significant zero-conf market (especially a brick & mortar), they can pay mining pools to NOT allow replacement for TXNs originating from them.

This would reduce the likelihood of a double-spend dramatically.

As the credit-card business aptly shows, problems not theoretically solvable are often 99.93% (7 cents out of 100 bucks) solvable in practice http://en.wikipedia.org/wiki/Credit_card_fraud