Post
Topic
Board Press
Re: 2021-01-21 BBG - Bitcoin Plunge Has Newbies Scrambling to Google Double-Spend
by
figmentofmyass
on 22/01/2021, 20:22:37 UTC
I am just blown away how someone not knowing how bitcoin works with regard to double spends and re-orgs can start stupid stuff like that can be ever taken seriously again.  BitMEX Research saying "It appears as if a small double spend of around..."[*1] One of the stupidest groups claiming to be experts, says something like that?  My heavens they don't even know what a double spend is. That isn't a double spend and yet their tweet says it is.

andreas antonopoulos did have this to say in their defense: https://twitter.com/aantonop/status/1352285439621664768

Quote
For those screaming at @BitMEXResearch:

Wrong target. BitMEX offers a useful service that monitors for re-orgs. They are the messenger who said the right thing. Re-direct your ire at @Cointelegraph  who "reported" sensationalist drivel and those who amplified it.

i suppose people use the term "double spend" in two different ways. one is at the protocol level and would mean the same coins could be spent/confirmed twice---obviously not the case here. the other is from the perspective of a transaction recipient who is sent inputs that are re-spent and confirmed in a conflicting transaction.