For demonstrating the absolute insecurity offered by unconfirmed Bitcoin transactions, Peter Todd was suspended from Reddit. Peter Todd, without using any script hash shenanigans mundanely sent a transaction with a low fee which was followed by a transaction with a higher fee using the same inputs. Miners opted to mine the transaction with higher fees as they often tend to. While many try to use unconfirmed Bitcoin transactions as a part of various pseudo business practices, actual uses demanding Bitcoin also demand the commitment of complete transactions to the blockchain.
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Qntra - Herald Of The Most Serene Republic |
I can't believe people are calling this shit "fraud". For fucks sake, can people really be any more stupid?
Yes, however stupid you can expect people to be it is possible for them to be dumber.
And they all have a vote, and use it regularly. That is far more frightening than any ban on a private invitation forum most people do not read.
All involved are insufferable drama queens.
Stupidity corrupts?
This comment belongs in altcoins.