TLDR: What would be the chances of performing a successful Replace By Fee (double spend) before the block gets confirmed?
Scenario: I own a computer shop in Yangon, and I am looking into accepting Bitcoin payments at my shop. I am fairly new to crypto and I recently read about the Replace by fee (RBF) feature. My concern is: what if a customer comes and buys a MacBook or any product, completes the purchase with Bitcoin, then leaves the store and re-broadcasts a transaction with slightly higher fee back to themselves within the next 10 minutes.
How likely are RBF successful? Is there any way I can prevent this?
Thank you!
I think the choice of altcoin will be your best
because the average confirmations time is low
For example a LTC would be appropriate, 2.5 minutes is what you will need and thus provide faster service to your customer.