eggdescrambler



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Re: Fast payment and double spending alerts December 25, 2013, 05:31:58 PM #4

It would make things much better with this double spending alert.

But I haven't got anyone from the Bitcoin development team to respond to this yet.



One person reported (in another thread) that the main concern with this double spending alert might not be reported by a compromised pool.

I don't see this as an ultimate threat, such pool would get into scrutiny anyway.



The main point is that the double spending alert would make it quite less urgent to get 6 confirmations in bitcoin.

Just getting an alert would flag the merchant to wait for this 6 confirmations, if none, things are fine.

It would make about irrelevant the case of Litecoin or any other alt coin < 10 minutes per block.

And the benefits of 10 minutes is it reduces the possible orphans branch quite much. I'm not sure if anyone has done some research on how much orphan blocks are happening in these quick cryptos with less than 2 minutes of block time, but I'm sure there are quite more.



Can any in the bitcoin development team tell us? I've sent an email to Gavin Andresen directly, no answer. I'm sure he gets a lot of emails so, I can understand it got flooded.

Where can I ask this question to get an answer? : When/if this double spending alert will be implemented?

