If the Chinese bitcoin users actually believe this explanation, then they have no understanding on
how bitcoin works. The most probable explanation is that the betting site continued to send the
same tx with too low of a miner's fee (Txs number one through four).
Then the betting site, in their own words:
they created a second payment to these same users. This is a screw up by the betting site and has nothing to do with whether
there is "transaction nuking" or "cartels deliberately withholding blocks".
This was not a double-spend, this was two separate payments since there were two separate inputs.
Double-spends attempted against the receiver, this article tries so say that the sender was double-spent against. Weird.
how bitcoin works. The most probable explanation is that the betting site continued to send the
same tx with too low of a miner's fee (Txs number one through four).
Then the betting site, in their own words:
This fifth Bitcoin transaction used different inputs, yet the same outputs as all of the four previous transactions.
By them doing this while the fourth transaction was still pending in the mempool with too little of a fee for that time,they created a second payment to these same users. This is a screw up by the betting site and has nothing to do with whether
there is "transaction nuking" or "cartels deliberately withholding blocks".
This was not a double-spend, this was two separate payments since there were two separate inputs.
Double-spends attempted against the receiver, this article tries so say that the sender was double-spent against. Weird.
Chinese miners block Bitbet's transaction intentionally no matter how much fees Bitbet put in that transaction to force Bitbet to use different inputs. then they "double spent" the first transaction they used to block.
How can they do it? because they have more than 70% hash power plus most nodes.
They attacked Bitbet, they can attack anyone. this is just the start.