Post
Topic
Board Announcements (Altcoins)
Re: ☑☑☑[ANN][BSD] BitSend -The first Segwit Masternodecoin
by
bspus
on 25/09/2018, 11:54:57 UTC

Cryptopia ask a lot for confirmation for many coins, not only for bitsend.
It's not like it's possible to double spend over 10 confirmations. i dont see why this is necessary.

Actually it has happened with bitcoin gold. Not sure on which exchange.

I don't remember how long ago, but some people actually did a 51% attack, sent a huge amount of btg on an exchange, traded it and then forced an alt chain sequence to get them back. They probably had a very low requirement, maybe 1 or 2 confs

It would not have happened if the exchange had many confirmations requirement.

I agree that 10 is "probably" enough for the big coins, but now that there is a history of this, better to play it safe