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Re:Why I find IOTA alarming by elmar on Monday January 29, 2018 @10:14AM (#16257904)
>For the double spend to occur, you would need access to the seed ( private key) which the victims had and are trying to outrun the attacker in the case you were describing.

So it works a bit like replace-by-fee on bitcoin? There is no mining on IOTA so what is the possible time frame? do you have more detailed technical information how this works? Thanks

Re:Why I find IOTA alarming by etunity on Monday January 29, 2018 @10:30AM (#16258007)
New transactions are selected randomly to be verified. So in case the attackers transaction is still not confirmed there is a chance to outspend him by having the private keys. I find this useful in understanding the confirmation/consensus mechanism. https://forum.iota.org/t/iota-consensus-masterclass/1193