Post
Topic
Board Beginners & Help
Re: Bitcoin too slow for many transactions
by
DublinBrian
on 12/06/2012, 16:25:18 UTC
In most brick and mortar stores, I don't think there's much of a problem with double spending. In order to pull it off, you'd have to immediately stop after buying your physical goods and try to whip up a new transaction--probably sending coins back to yourself--and somehow broadcast it louder to the network than the merchant's POS device. Chances are the timing will not work out in your favor. Zero confirmation transactions should be fine in most cases.
If I pay a merchant with no fee attached, and then step outside the store and double spend the same coins with a large fee attached, then surely the second transaction would get into the chain first. Am I wrong?