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Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by robbiep on Friday April 21, 2017 @11:09AM (#14166243)
Quick question - from someone who hasn't looked at bitcion since it was between 10c and $5 - since your transaction doesn't clear until the block propagates how they handle double spends?
Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by akvadrako on Friday April 21, 2017 @12:48PM (#14167180)
The same way that restaurants make sure you pay instead of just leaving the building. It's mostly just not worth the hassle to save a few bucks.
Re:Billionaire Mike Novogratz says 10% of his money is in Bi... by aminorex on Friday April 21, 2017 @12:26PM (#14166968)
Double spends are overwhelmingly a theoretical issue. Credit card fraud, on the other hand, is pandemic.