What do confirmations mean? If your transaction is confirmed is it guaranteed? - page 2.

b!z

legendary

Activity: 1582

Merit: 1010

Quote from: btcprice on December 01, 2013, 03:10:03 AM

What if you have your transaction confirmed by thousands of confirmations and the person receiving your transaction amount states they never received it?

Are confirmations proof that you sent credits?

People can view the blockchain to check that the transaction actually took place. Anybody in the world can verify it.

The more confirmations there are, the lower chance it will be reversed with double spending. Even 0 confirmations is usually OK.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

The more confirmations you get the safer it is to assume the Bitcoins have in deed been transferred to you. Normally after 6 confirmations you can be certain that the coins are yours.

Also, you can always prove you did send coins to an address because anyone can look at the address and see whether the coins are there or not.

Did that answer your questions?

Maybe you have a more specific instance? Did this happen? Did someone claim they never got the coins? If so all you have to do is post the transaction ID here and all the world will be able to see the address(es) the coins came from and the address(es) they went to. There is no ambiguity. If someone asks you to send coins to their address and they give you a valid address then it is a matter of public record as to whether they were sent or not.

btcprice

sr. member

Activity: 434

Merit: 250

What if you have your transaction confirmed by thousands of confirmations and the person receiving your transaction amount states they never received it?

Are confirmations proof that you sent credits?

Topic: What do confirmations mean? If your transaction is confirmed is it guaranteed? - page 2. (Read 1036 times)