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Title: How can you protect yourself from double spending? Post by: IamAGentleman on January 01, 2015, 01:21:35 AM The title?
Title: Re: How can you protect yourself from double spending? Post by: cloverme on January 01, 2015, 01:36:59 AM What's the context of your concern? Are you worried about selling something to someone or running a bitcoin exchange? The system itself sorts out most of the double-spend risks, you can add some extra protection for yourself by waiting for a number of confirmations in the blockchain. You can read more about double spending on the wiki: https://en.bitcoin.it/wiki/Double-spending (https://en.bitcoin.it/wiki/Double-spending)
Title: Re: How can you protect yourself from double spending? Post by: scientific on January 01, 2015, 06:52:25 PM The title? You can always wait for 1 confirmation. If you don't want to do that, the most practical way would be to to check the transaction from 2 other sources like blockchain.info and some other explorer site. Check out this thread for more info https://bitcointalk.org/index.php?topic=586791.0 Title: Re: How can you protect yourself from double spending? Post by: Reynaldo on January 02, 2015, 07:00:42 AM Wait for 6 confirmations if you are really worried.
Title: Re: How can you protect yourself from double spending? Post by: LOBSTER on January 02, 2015, 09:53:31 AM Wait for 6 confirmations if you are really worried. One confirmation is enough at all by the way. After one confirmation, the other transaction can't be spent anymore (depends on the client). Title: Re: How can you protect yourself from double spending? Post by: Muhammed Zakir on January 02, 2015, 10:32:45 AM The title? check the transaction from 2 other sources like blockchain.info and some other explorer site. Blockchain.info is really buggy , sometimes the TX doesn't show any confirmation, sometimes unmined blocks get added, I suggest any other, Blocktrail.com or Blockr.io. ~~MZ~~ Title: Re: How can you protect yourself from double spending? Post by: LOBSTER on January 02, 2015, 10:47:47 AM The title? check the transaction from 2 other sources like blockchain.info and some other explorer site. Blockchain.info is really buggy , sometimes the TX doesn't show any confirmation, sometimes unmined blocks get added, I suggest any other, Blocktrail.com or Blockr.io. ~~MZ~~ Actually Blockchain always work in my opinion and it's instantly. Maybe you have to reload the Blockexplorer to get the updated data. Blockchain works for me always fine :) Title: Re: How can you protect yourself from double spending? Post by: dmugetsu on January 02, 2015, 04:42:18 PM The title? check the transaction from 2 other sources like blockchain.info and some other explorer site. Blockchain.info is really buggy , sometimes the TX doesn't show any confirmation, sometimes unmined blocks get added, I suggest any other, Blocktrail.com or Blockr.io. ~~MZ~~ Actually Blockchain always work in my opinion and it's instantly. Maybe you have to reload the Blockexplorer to get the updated data. Blockchain works for me always fine :) yes,i think blockchain works fine,maybe the cause of double spend is the internet connection,so the website seems buggy Title: Re: How can you protect yourself from double spending? Post by: RGBKey on January 03, 2015, 06:12:22 AM Wait on a number of confirmations based on how much you trust the person to not double spend. 1 confirmation is really enough though, any more and you run the risk of annoying people with long waiting times of an hour on average to wait on their funds.
Title: Re: How can you protect yourself from double spending? Post by: thompete on January 03, 2015, 04:48:08 PM The title? For trading/selling . Just wait for atleast 2 confirmations before sending the things . It is very hard and almost impossible for a double spend to reach even 2 confirmations. |