Re:Coinbase to Suspend Trading in XRP
by pstrateman on Tuesday December 29, 2020 @01:40AM
(#25567363)
He's extremely confused.
The bcash people argued that replace-by-fee (RBF) functionality made unconfirmed transactions unsafe to accept.
Except as you can tell from the name, unconfirmed transactions are not safe to accept RBF or not.
Can you elaborate on this? I did a quick search and the gist of it seems to be that BCH doesn't support replace by fee and bitcoin does, so therefore it's possible to "safely" accept 0 confirmation transactions on BCH because you can reasonably believe that it won't be double-spent before it gets its first confirmation. The only problem I can think of is that there's nothing preventing the attacker (the person making the purchase) from bribing a miner to mine his double spend transaction. Indeed, even without RPF there are "transaction accelerators"[1] that allow you make out of band payments to miners to increase your transaction's priority. It's not too hard to imagine a service where you can pay $$$ for a miner to mine your double-spend transaction.
[1] https://en.bitcoin.it/wiki/Transaction_accelerator