public inbox for bitcoindev@googlegroups.com
 help / color / mirror / Atom feed
From: Ivan Brightly <ibrightly@gmail.com>
To: Eric Lombrozo <elombrozo@gmail.com>
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] F2Pool has enabled full replace-by-fee
Date: Sat, 20 Jun 2015 12:43:02 -0400	[thread overview]
Message-ID: <CAAre=yTHLgH=DCVTBZ78MkFVYSTJ3YyV9yZL46nkX1x2RDiQRA@mail.gmail.com> (raw)
In-Reply-To: <B7B38239-8EF5-4D12-B3E7-40AE152CF5A3@gmail.com>

[-- Attachment #1: Type: text/plain, Size: 2510 bytes --]

Yep - similarly: you live in a neighborhood with a local coffee store. Sure
you could use a stolen credit card or a fake $5 bill, but it's not worth
the risk of being caught for a $3 coffee. And on the other side, the store
can deal with 1% of transactions getting reversed or having a fake bill so
they don't change their procedures.

Perfection is not necessary in all situations.

On Sat, Jun 20, 2015 at 12:02 AM, Eric Lombrozo <elombrozo@gmail.com> wrote:

>
> > On Jun 19, 2015, at 8:48 PM, Luke Dashjr <luke@dashjr.org> wrote:
> >
> > On Saturday, June 20, 2015 1:23:03 AM Aaron Voisine wrote:
> >> They don't need to be made cryptographically safe, they just have to be
> >> safer than, for instance, credit card payments that can be charged
> back. As
> >> long as it's reasonably good in practice, that's fine.
> >
> > They never will be. You can get a decent rate of success merely by
> making one
> > transaction propagate fast (eg, 1 input, 1 output) and the other slow
> (eg,
> > 1000 inputs, 1000 outputs) and choosing your peers carefully. The only
> reason
> > unconfirmed transactions aren't double spent today is because nobody is
> > seriously *trying*.
> >
> > Luke
> >
>
>
> Newspapers are often sold in vending machines that make it possible for
> anyone to just pay the price of one and take them all…and most of the time
> they are not that carefully monitored. Why? Because most people have better
> things to do than try to steal a few newspapers. They probably were much
> more closely monitored earlier in their history…but once it became clear
> that despite the obvious attack vector very few people actually try to game
> it, vendors figured it wasn’t really that big a risk. Same thing applies to
> people trying to steal a piece of bubble gum at the cash register at a
> convenience store by double-spending.
>
> - Eric Lombrozo
>
> >
> ------------------------------------------------------------------------------
> > _______________________________________________
> > Bitcoin-development mailing list
> > Bitcoin-development@lists.sourceforge.net
> > https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
>
> ------------------------------------------------------------------------------
>
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>

[-- Attachment #2: Type: text/html, Size: 3334 bytes --]

  reply	other threads:[~2015-06-20 16:43 UTC|newest]

Thread overview: 79+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2015-06-19 10:39 [Bitcoin-development] F2Pool has enabled full replace-by-fee Peter Todd
2015-06-19 13:33 ` Gavin Andresen
2015-06-19 13:52   ` Peter Todd
2015-06-19 14:00     ` Adrian Macneil
2015-06-19 14:08       ` Peter Todd
2015-06-19 14:30         ` Adrian Macneil
2015-06-19 14:59           ` Peter Todd
2015-06-19 15:20             ` Adrian Macneil
2015-06-19 15:40               ` Peter Todd
2015-06-19 16:18                 ` Adrian Macneil
2015-06-19 16:37                   ` Peter Todd
2015-06-19 20:39                   ` Matt Whitlock
2015-06-19 21:05                     ` Frank Flores
2015-06-19 21:15                       ` Jeff Garzik
2015-06-20  0:47                     ` Andreas Petersson
2015-06-20  1:09                       ` Mark Friedenbach
2015-06-20  1:23                         ` Aaron Voisine
2015-06-20  3:07                           ` Eric Lombrozo
2015-06-20  3:48                           ` Luke Dashjr
2015-06-20  4:02                             ` Eric Lombrozo
2015-06-20 16:43                               ` Ivan Brightly [this message]
2015-06-20 17:38                                 ` Cameron Hejazi
2015-06-19 14:40       ` Chun Wang
2015-06-19 15:22         ` Adrian Macneil
2015-06-19 13:33 ` Stephen Morse
2015-06-19 13:37   ` Chun Wang
2015-06-19 13:48     ` Peter Todd
2015-06-19 14:16     ` Lawrence Nahum
2015-06-19 13:40   ` Adrian Macneil
2015-06-19 13:44   ` Peter Todd
2015-06-19 13:52     ` Chun Wang
2015-06-19 15:43       ` Jeff Garzik
2015-06-19 19:49       ` Jeffrey Paul
2015-06-19 15:42     ` Jeff Garzik
2015-06-19 16:15     ` Peter Todd
2015-06-19 15:00 ` justusranvier
2015-06-19 15:11   ` Peter Todd
2015-06-19 15:37     ` Eric Lombrozo
2015-06-19 15:53       ` justusranvier
2015-06-19 16:36         ` Matt Whitlock
2015-06-19 16:42           ` Eric Lombrozo
2015-06-19 16:46             ` Matt Whitlock
2015-06-19 16:53             ` Peter Todd
2015-06-19 16:54             ` justusranvier
2015-06-19 17:00             ` Tier Nolan
2015-06-20 23:20             ` Jorge Timón
2015-06-20 23:37               ` justusranvier
2015-06-21  0:19                 ` Eric Lombrozo
2015-06-21  0:27                   ` justusranvier
2015-06-21  0:36                     ` Eric Lombrozo
2015-06-21  0:54                     ` Eric Lombrozo
2015-06-21  5:56                       ` Tom Harding
2015-06-21  6:45                       ` Jeff Garzik
2015-06-21  7:42                         ` Eric Lombrozo
2015-06-21  8:35                           ` Eric Lombrozo
2015-06-21  8:41                           ` Btc Drak
2015-06-21  8:51                             ` Eric Lombrozo
2015-06-21 19:49                           ` Jeff Garzik
2015-06-21 18:23                       ` Aaron Voisine
2015-06-19 16:44           ` justusranvier
2015-06-19 17:40             ` Jeff Garzik
2015-06-19 17:48               ` justusranvier
2015-06-19 17:50                 ` Jeff Garzik
2015-06-19 18:00                   ` justusranvier
2015-06-19 16:50           ` Milly Bitcoin
2015-06-19 16:41         ` [Bitcoin-development] Remove Us Please Gigas Gaming Inc.
2015-06-19 18:34           ` Jameson Lopp
2015-06-19 19:55             ` John Bodeen
2015-06-19 20:01               ` Brian Hoffman
2015-06-19 20:27                 ` Jameson Lopp
2015-06-20 23:16       ` [Bitcoin-development] F2Pool has enabled full replace-by-fee Jorge Timón
2015-06-20 23:47         ` Eric Lombrozo
2015-06-20 23:52           ` Eric Lombrozo
2015-06-20 23:56           ` Eric Lombrozo
2015-06-19 15:39     ` justusranvier
2015-06-19 15:39 ` Jeff Garzik
2015-06-20 20:04 ` odinn
2015-06-21  2:11 ` Dario Sneidermanis
2015-06-21  2:23   ` Dario Sneidermanis

Reply instructions:

You may reply publicly to this message via plain-text email
using any one of the following methods:

* Save the following mbox file, import it into your mail client,
  and reply-to-all from there: mbox

  Avoid top-posting and favor interleaved quoting:
  https://en.wikipedia.org/wiki/Posting_style#Interleaved_style

* Reply using the --to, --cc, and --in-reply-to
  switches of git-send-email(1):

  git send-email \
    --in-reply-to='CAAre=yTHLgH=DCVTBZ78MkFVYSTJ3YyV9yZL46nkX1x2RDiQRA@mail.gmail.com' \
    --to=ibrightly@gmail.com \
    --cc=bitcoin-development@lists.sourceforge.net \
    --cc=elombrozo@gmail.com \
    /path/to/YOUR_REPLY

  https://kernel.org/pub/software/scm/git/docs/git-send-email.html

* If your mail client supports setting the In-Reply-To header
  via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox