📅 Original date posted:2015-05-26
📝 Original message:On Tuesday, 26 May 2015, at 11:22 am, Danny Thorpe wrote:
> What prevents RBF from being used for fraudulent payment reversals?
>
> Pay 1BTC to Alice for hard goods, then after you receive the goods
> broadcast a double spend of that transaction to pay Alice nothing? Your
> only cost is the higher network fee of the 2nd tx.
The "First-Seen-Safe" replace-by-fee presently being discussed on this list disallows fraudulent payment reversals, as it disallows a replacing transaction that pays less to any output script than the replaced transaction paid.
Matt Whitlock [ARCHIVE] /
npub17q…upwet
2023-06-07 15:34:33
in reply to nevent1q…20c8
Author Public Key
npub17qxssk9sj2r7jswvh3y32e7vwz7mcckhz33gk9nurdmw0lhsfkgswupwetSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:34:33Event JSON
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"content": "📅 Original date posted:2015-05-26\n📝 Original message:On Tuesday, 26 May 2015, at 11:22 am, Danny Thorpe wrote:\n\u003e What prevents RBF from being used for fraudulent payment reversals?\n\u003e \n\u003e Pay 1BTC to Alice for hard goods, then after you receive the goods\n\u003e broadcast a double spend of that transaction to pay Alice nothing? Your\n\u003e only cost is the higher network fee of the 2nd tx.\n\nThe \"First-Seen-Safe\" replace-by-fee presently being discussed on this list disallows fraudulent payment reversals, as it disallows a replacing transaction that pays less to any output script than the replaced transaction paid.",
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