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From: Mike Hearn <mike@plan99•net>
To: Lawrence Nahum <lawrence@greenaddress•it>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension
Date: Mon, 16 Jun 2014 19:01:40 +0200	[thread overview]
Message-ID: <CANEZrP2fg9k9fC+QAO2GQS7VC-JCtbEjubHB9j1TJtR9vuaDSQ@mail.gmail.com> (raw)
In-Reply-To: <loom.20140616T184930-521@post.gmane.org>

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>
> I only meant that double spends minutes apart are possible and that by then
> the sole use of a monitor is too late even if it will tell you.
>

As long as miners stick to Satoshi's first seen rule, which is the default,
it's useful:

https://bitcointalk.org/index.php?topic=423.msg3819#msg3819

(this is the famous "snack machine" thread from 2010)

If they decide to change to something like highest-fee-always-wins, then
they (again) centralise things by forcing all instant transactions to pay
GreenAddress and its competitors money - much though I like your product
Lawrence, let's hope they don't collectively lemming us all off a cliff by
doing that ;)

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  reply	other threads:[~2014-06-16 17:01 UTC|newest]

Thread overview: 46+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-06-14 12:00 Lawrence Nahum
2014-06-14 12:57 ` Andreas Schildbach
2014-06-15  9:22   ` Lawrence Nahum
2014-06-15 12:46     ` Andreas Schildbach
2014-06-15 14:09       ` Lawrence Nahum
2014-06-18 12:09       ` Lawrence Nahum
2014-06-18 13:25         ` Mike Hearn
2014-06-18 15:59           ` Daniel Rice
2014-06-18 16:09             ` Mike Hearn
2014-06-19 17:36               ` Daniel Rice
2014-06-25 14:01         ` sebastien requiem
2014-06-16 12:19 ` Mike Hearn
2014-06-16 12:25   ` Mike Hearn
2014-06-16 15:09   ` Daniel Rice
2014-06-16 15:26     ` Lawrence Nahum
2014-06-16 16:00       ` Daniel Rice
2014-06-16 16:07         ` Mike Hearn
2014-06-16 15:41     ` Paul Goldstein
2014-06-16 15:48       ` Mike Hearn
2014-06-16 16:30         ` Lawrence Nahum
2014-06-16 16:45           ` Mike Hearn
2014-06-16 16:56             ` Lawrence Nahum
2014-06-16 17:01               ` Mike Hearn [this message]
2014-06-16 17:16                 ` Lawrence Nahum
2014-06-16 18:02                   ` Alex Kotenko
2014-06-16 18:09                     ` Mike Hearn
2014-06-16 20:29                       ` Daniel Rice
2014-06-16 20:32                         ` Mike Hearn
2014-06-16 20:37                           ` Daniel Rice
2014-06-16 20:46                             ` Mike Hearn
2014-06-16 20:53                               ` Daniel Rice
2014-06-16 20:55                                 ` Mike Hearn
2014-06-16 20:50                             ` [Bitcoin-development] Fidelity bonds for decentralized instant confirmation guarantees Peter Todd
2014-06-16 21:02                         ` [Bitcoin-development] instant confirmation via payment protocol backwards compatible proto buffer extension Daniel Rice
2014-06-16 20:32                       ` Alex Kotenko
2014-06-16 17:44                 ` Jorge Timón
2014-06-17 15:58                 ` Isidor Zeuner
2014-06-18  1:39         ` Tom Harding
2014-06-17 15:58     ` Isidor Zeuner
2014-06-18  9:15       ` Mike Hearn
2014-06-18 20:47       ` Natanael
2014-06-18  2:01     ` Tom Harding
2014-06-16 15:28   ` Lawrence Nahum
2014-06-16 15:43     ` Mike Hearn
2014-06-16 17:05       ` Lawrence Nahum
2014-06-16  8:53 Daniel Rice

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