Mike Hearn [ARCHIVE] on Nostr: 📅 Original date posted:2014-06-16 📝 Original message:> > I only meant that ...
📅 Original date posted:2014-06-16
📝 Original message:>
> 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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Published at
2023-06-07 15:22:46Event JSON
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"content": "📅 Original date posted:2014-06-16\n📝 Original message:\u003e\n\u003e I only meant that double spends minutes apart are possible and that by then\n\u003e the sole use of a monitor is too late even if it will tell you.\n\u003e\n\nAs long as miners stick to Satoshi's first seen rule, which is the default,\nit's useful:\n\nhttps://bitcointalk.org/index.php?topic=423.msg3819#msg3819\n\n(this is the famous \"snack machine\" thread from 2010)\n\nIf they decide to change to something like highest-fee-always-wins, then\nthey (again) centralise things by forcing all instant transactions to pay\nGreenAddress and its competitors money - much though I like your product\nLawrence, let's hope they don't collectively lemming us all off a cliff by\ndoing that ;)\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140616/aad4540f/attachment.html\u003e",
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