prepare for even cheaper coins.
Yes, but I already spent all my fiat on the exchange, and new bank transfer takes days!
Yep using transaction ID for tracking coins is like tracking people based on Phone records and spoofing callerID its not useful to prove ANYTHING!
if works as long anybody using it in good faith and playing by the rules , witch makes it USELESS for cases like law enforcement, or any serous forensic proof....
it the transaction ID could be trusted without confirmations , confirmations would not have been needed in the first place!!
The good thing is that it can be easely fixed and will be fixed!
But the have to let go the possibility that they can track every bitcoin transaction person to person.
because btcoin transaction are like one big Thimblerig
game! you see everything but without the proper context you see NOTHING
http://www.spellengrot.nl/spellen/Thimblerig The exchanges took a risk by not using full protection , in favour of the possibility tracking and blocking/reversing transaction.
this time to control and track was now used as exploit to get more bitcoins.
Solution payout and wait for 6 confirmations
https://btc-e.com/ is doing this correctly!
