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Topic: Double spending has already happened when will protocol be fixed? - page 2. (Read 2682 times)

hero member
Activity: 616
Merit: 500
Crypto Knight
Last time we polled the community to determine the accepted definition of "successful double spend," the results were as follows:




35 voters is not the community determining the definition.

i can get 35 people to determine that superman is real and that kryptonite can be bought for $12 at a 7-11

You're still ignoring what the community defines as double spending just to twist this around and give your argument more credibility. When your comment isn't what I'm talking about and you know it.
kjj
legendary
Activity: 1302
Merit: 1026
Last time we polled the community to determine the accepted definition of "successful double spend," the results were as follows:




Nonsense.  The blockchain defines the order of transactions.  If we had some way to determine which transaction was "broadcast first", we wouldn't bother with all of the hashing.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
Given that BTC is still so new, I think the network has done a very good job preventing double spends.   No new system is ever going to be perfect, but the one we have going so far has worked far better than anyone probably could have initially imagined...
legendary
Activity: 4424
Merit: 4794
Last time we polled the community to determine the accepted definition of "successful double spend," the results were as follows:




35 voters is not the community determining the definition.

i can get 35 people to determine that superman is real and that kryptonite can be bought for $12 at a 7-11

edit:
a double spend:
imagine a bank note, you give it to a cashier. and buy a ice-tea. the cashier in a moment of panic accidently gives you back that whole banknote back as change. you then buy a cake from another shop. at the end of the day the ice-tea cashier is missing a bank note. and is at a loss. because there is only one bank note that has been spent twice

human error counterfeit:
however. what most people perceive as a bitcoin double spend is where the sender sends 2 exact same bank notes (copies) one to a ice-tea shop and one to a cake shop. where only 1 of those recipient confirms its a legit bank note which thy can re-use later, and the other realises they got a dud counterfeit that will never be confirmed as a real bank note that they can never then spend later.

so its not a double spend.. its a human error to not confirm counterfeits
legendary
Activity: 1162
Merit: 1007
Last time we polled the community to determine the accepted definition of "successful double spend," the results were as follows:


legendary
Activity: 4424
Merit: 4794

I guess a definition of "Double Spend" is required here. At the very least, the number of confirmed blocks between the first and second spend attempts needs to be specified.

the addition of the word "attempt" is needed....

id love to see 2 output tx's which used the same original coin input, to BOTH show confirmations where the coins can then be moved on and respent, instead of one of the output tx's showing as stuck in a no confirm limbo

That's not what double-spending is.

Successful double spends happen, usually against people who accept 0- or 1-confirmation transactions in situations where they have no recourse. The solution is not to do that.

there are no blockchain/bitcoin double spend successes. there are just recipient acceptance failures (human error)
full member
Activity: 144
Merit: 100
double spend ATTEMPTS have happened. but show me the actual tx's of a successful double spend (injection of fresh coins that were not mined)

That's not what double-spending is.

Successful double spends happen, usually against people who accept 0- or 1-confirmation transactions in situations where they have no recourse. The solution is not to do that.
donator
Activity: 1617
Merit: 1012
I guess a definition of "Double Spend" is required here. At the very least, the number of confirmed blocks between the first and second spend attempts needs to be specified.

legendary
Activity: 4424
Merit: 4794
Double spending has already happened and will continue to do so the 51% attack feared by many is just a larger scale also many people theorize Gash has 51%+ currently anyway. My question is when will the 51%/double spending problem be fixed? Why aren't p2p pools implemented better to mitigate this? When will the devs make an effort to fix this obvious flaw? It's common knowledge that double spending has happened and if there is really any naive people I'll build up some sources and put some links here.

double spend ATTEMPTS have happened. but show me the actual tx's of a successful double spend (injection of fresh coins that were not mined)
hero member
Activity: 616
Merit: 500
Crypto Knight
Double spending has already happened and will continue to do so the 51% attack feared by many is just a larger scale also many people theorize Gash has 51%+ currently anyway. My question is when will the 51%/double spending problem be fixed? Why aren't p2p pools implemented better to mitigate this? When will the devs make an effort to fix this obvious flaw? It's common knowledge that double spending has happened and if there is really any naive people I'll build up some sources and put some links here.
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