Post
Topic
Board Beginners & Help
Re: Altcoin suggestion: Royen Credits [criticism needed]
by
PrinceBitcoin
on 24/02/2012, 07:11:36 UTC
Wow?

I spend x with you, I spend the same x with someone else.  I get 2x the product and both sellers got left with the same coins.

So what does Bitcoin do to prevent this from happening?
And how does Bitcoin prevent anyone from spending fake coins?

From what I've read so far, the second transaction will be considered invalid. My currency will do the same.
I'm not sure what Bitcoin does to prevent both products delivered, but you certainly will be given a bad rating as a costumer, thus losing trust from other potential sellers.

Thank you for your criticism! Smiley