Re:Show HN: Instant confirmation via Bitcoin payment protocol
by nijiko on Monday June 16, 2014 @06:17PM
(#7901797)
Yay, easy way to confirm false transactions :D
[ Parent
| on HN ]
Re:Show HN: Instant confirmation via Bitcoin payment protocol
by BrokenPipe on Monday June 16, 2014 @06:43PM
(#7901908)
Not really, the payment protocol gives you back the full transaction that can be checked by the merchant.
The 'instant' comes from trusting a third party that temporarily controls enough keys to block the funds before they can get double spent but long enough that the tx can be confirmed.