📅 Original date posted:2015-02-22
📝 Original message:On Sat, Feb 21, 2015 at 10:25 PM, Jorge Timón <jtimon at jtimon.cc> wrote:
> On Sat, Feb 21, 2015 at 11:47 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
>> This isn't some theoretical exercise. Like it or not many use
>> insecure 0-conf transactions for rapid payments. Deploying something
>> that makes 0-conf transactions unusable would have a wide, negative
>> impact on present day bitcoin payments, thus "scorched earth"
> And maybe by maintaining first seen policies we're harming the system
> in the long term by encouraging people to widely deploy systems based
> on extremely weak assumptions.
Lacking a coded, reviewed alternative, that's only a platitude.
Widely used 0-conf payments are where we're at today. Simply ceasing
the "maintaining [of] first seen policies" alone is simply not a
realistic option. The negative impact to today's userbase would be
huge.
Instant payments need a security upgrade, yes.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 15:30:24
in reply to nevent1q…3fql
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 15:30:24Event JSON
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"content": "📅 Original date posted:2015-02-22\n📝 Original message:On Sat, Feb 21, 2015 at 10:25 PM, Jorge Timón \u003cjtimon at jtimon.cc\u003e wrote:\n\u003e On Sat, Feb 21, 2015 at 11:47 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\u003e\u003e This isn't some theoretical exercise. Like it or not many use\n\u003e\u003e insecure 0-conf transactions for rapid payments. Deploying something\n\u003e\u003e that makes 0-conf transactions unusable would have a wide, negative\n\u003e\u003e impact on present day bitcoin payments, thus \"scorched earth\"\n\n\u003e And maybe by maintaining first seen policies we're harming the system\n\u003e in the long term by encouraging people to widely deploy systems based\n\u003e on extremely weak assumptions.\n\nLacking a coded, reviewed alternative, that's only a platitude.\nWidely used 0-conf payments are where we're at today. Simply ceasing\nthe \"maintaining [of] first seen policies\" alone is simply not a\nrealistic option. The negative impact to today's userbase would be\nhuge.\n\nInstant payments need a security upgrade, yes.\n\n-- \nJeff Garzik\nBitcoin core developer and open source evangelist\nBitPay, Inc. https://bitpay.com/",
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