Matt Whitlock [ARCHIVE] on Nostr: 📅 Original date posted:2015-02-22 📝 Original message:On Sunday, 22 February ...
📅 Original date posted:2015-02-22
📝 Original message:On Sunday, 22 February 2015, at 2:29 pm, Natanael wrote:
> In other words, you are unprotected and potentially at greater risk if you
> create a transaction depending on another zero-confirmation transaction.
This happened to one of the merchants at the Bitcoin 2013 conference in San Jose. They sold some T-shirts and accepted zero-confirmation transactions. The transactions depended on other unconfirmed transactions, which never confirmed, so this merchant never got their money.
I keep telling people not to accept transactions with zero confirmations, but no one listens.
Published at
2023-06-07 15:30:54Event JSON
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"content": "📅 Original date posted:2015-02-22\n📝 Original message:On Sunday, 22 February 2015, at 2:29 pm, Natanael wrote:\n\u003e In other words, you are unprotected and potentially at greater risk if you\n\u003e create a transaction depending on another zero-confirmation transaction.\n\nThis happened to one of the merchants at the Bitcoin 2013 conference in San Jose. They sold some T-shirts and accepted zero-confirmation transactions. The transactions depended on other unconfirmed transactions, which never confirmed, so this merchant never got their money.\n\nI keep telling people not to accept transactions with zero confirmations, but no one listens.",
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