From: Isidor Zeuner <cryptocurrencies@quidecco•de>
To: "Jorge Timón" <jtimon@monetize•io>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] 0 confirmation txs using replace-by-fee and game theory
Date: Thu, 19 Jun 2014 05:47:17 +0200 (CEST) [thread overview]
Message-ID: <20140619034717.71C3ADFD05D@quidecco.de> (raw)
In-Reply-To: <CAC1+kJNTpHpG5EpRKj21PEy3z2iAouuH6Yiix8m20uji3b6Lgg@mail.gmail.com>
quote:
[...]
> On 4/24/14, Chris Pacia <ctpacia@gmail•com> wrote:
> > It would work but it's an ugly hack IMO. What do people do if they don't
> > have extra to pay when making a purchase? I have 200 mbtc and want to buy a
> > 200 mbtc phone but I can't because I need 400 mbtc. Sucks for me.
> >
> > I would much prefer the hassle of a green address notary than always having
> > to make sure I have double what I need to make a purchase.
>
> This scheme wouldn't be mandatory. You can still wait for
> confirmations or rely somehow on existing trust instead if that's
> better for you on that situation.
>
Considering hotel or car rental payments where the credit card
processor reserves a higher amount in order to cover risks, it
doesn't seem like anything new or particularly inconvenient that a
payment system may require a larger amount than the final price being
available.
Which brings us to the question: Is it an important characteristic in
a payment system that it is capable of quickly spending your last
penny?
Best regards,
Isidor
next prev parent reply other threads:[~2014-06-19 3:47 UTC|newest]
Thread overview: 13+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-24 10:48 Jorge Timón
2014-04-24 11:54 ` Mike Hearn
2014-04-24 12:07 ` Chris Pacia
2014-04-24 12:15 ` Mike Hearn
2014-04-24 14:49 ` Jorge Timón
2014-04-24 15:45 ` Mike Hearn
2014-04-24 17:13 ` Jannis Froese
2014-06-19 3:47 ` Isidor Zeuner [this message]
2014-04-25 4:51 ` Gareth Williams
2014-04-25 10:19 ` Mike Hearn
2014-04-25 13:38 ` Gareth Williams
2014-04-24 12:59 ` Peter Todd
2014-04-24 14:20 ` Jorge Timón
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