📅 Original date posted:2014-10-07
📝 Original message:On 07/10/2014 04:16 p.m., Gregory Maxwell wrote:
> Then I spend the output of the fraudulent spend nlocked
> one block higher, and spend the output of that one again, nlocked one
> block higher, and so on... each step paying fees.
Yes, you're right. I didn't consider that case. But the problem is that
this is not automatic. Currently there is a clear division between
miners how will not take the kickback (irrrational) and miners who will
(rational).
If somebody modifies the bitcoind to make this choice automatic, then
DECOR+ is the only solution I know about to avoid people doing anonymous
double-spends (with chained kickbacks, as you mention).
The "locktime on normal transactions" you proposed does not solve the
problem, just diminishes it in a constant value (which currently is very
low)
Sergio Lerner [ARCHIVE] /
npub1vr…nc7jf
2023-06-07 15:26:19
in reply to nevent1q…cd5v
Author Public Key
npub1vrm6r7z5yreclgndkf90fqesh5vqpmfmaucks32zv0w0emmz4r8qznc7jfPublished at
2023-06-07 15:26:19Event JSON
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"content": "📅 Original date posted:2014-10-07\n📝 Original message:On 07/10/2014 04:16 p.m., Gregory Maxwell wrote:\n\u003e Then I spend the output of the fraudulent spend nlocked\n\u003e one block higher, and spend the output of that one again, nlocked one\n\u003e block higher, and so on... each step paying fees.\nYes, you're right. I didn't consider that case. But the problem is that\nthis is not automatic. Currently there is a clear division between\nminers how will not take the kickback (irrrational) and miners who will\n(rational).\nIf somebody modifies the bitcoind to make this choice automatic, then\nDECOR+ is the only solution I know about to avoid people doing anonymous\ndouble-spends (with chained kickbacks, as you mention).\nThe \"locktime on normal transactions\" you proposed does not solve the\nproblem, just diminishes it in a constant value (which currently is very\nlow)",
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