Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
TangentC
on 26/06/2021, 02:52:01 UTC
A double spend has never happened because it is simply not possible. Only one transaction or block made it through, there was a reorg, or something, but it was not spent twice.

Dude,
really.

A double spend is exactly that ,
User send btc, merchant accepts btc after in OKPAY case , Six freaking hours of confirmations,
blockchain is reorged to a new chain without that specific transaction.
So those coins were spend twice. ie: double-spend
Once with OKPAY and after the reorg with someone else.

That is the whole point to confirmations, that a reorg should be impossible, so in that case mention,
their was a doublespend with bitcoin. Sorry if that hurts your bitcoin cultist beliefs, but it is absolutely true.