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From: Mike Hearn <mike@plan99.net>
To: Gareth Williams <gacrux@gmail.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] 0 confirmation txs using replace-by-fee and game theory
Date: Fri, 25 Apr 2014 12:19:12 +0200	[thread overview]
Message-ID: <CANEZrP2FJ8m-kKeLiEZw-hb9teeVXay0FqzsJ0wJTtbNABetpA@mail.gmail.com> (raw)
In-Reply-To: <5359E9CB.9050703@gmail.com>

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>
> You don't get any money back, but you do get an angry shopkeeper chasing
> you down the street / calling the police / blacklisting you from the
> store.
>

If they could do that they'd just take the stolen property back and you
would have failed to spend your money twice. So this is by definition, not
a successful double spend. We are worried about the cases when you could
successfully double spend, and the only thing stopping you is Bitcoin.

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  reply	other threads:[~2014-04-25 10:19 UTC|newest]

Thread overview: 13+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2014-04-24 10:48 [Bitcoin-development] 0 confirmation txs using replace-by-fee and game theory Jorge Timón
2014-04-24 11:54 ` Mike Hearn
2014-04-24 12:07   ` Chris Pacia
2014-04-24 12:15     ` Mike Hearn
2014-04-24 14:49       ` Jorge Timón
2014-04-24 15:45         ` Mike Hearn
2014-04-24 17:13       ` Jannis Froese
2014-06-19  3:47       ` Isidor Zeuner
2014-04-25  4:51     ` Gareth Williams
2014-04-25 10:19       ` Mike Hearn [this message]
2014-04-25 13:38         ` Gareth Williams
2014-04-24 12:59 ` Peter Todd
2014-04-24 14:20   ` Jorge Timón

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