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Author Topic: Since you can give someone your wallet instantly, you can send instantly  (Read 1828 times)
Bitcoinpro
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December 06, 2013, 02:43:54 PM
 #21

What is your point exactly?

that good ideas travel fast

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jaked
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December 06, 2013, 02:45:38 PM
 #22

Receiving a wallet is trust based, ie. the receiver must trust the giver that he won't use the coins before he does.
It defeats the whole point of BTC which is proof based.

A transaction takes a bit longer, but the receiver knows for sure no one will be able to spend his coins.
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December 06, 2013, 02:45:50 PM
 #23

Err... sending bitcoins is pretty much instant already.

The confirmations are for security...

If I send you a wallet.dat as payment, what prevents me from spending the coins on it immediately after I send it to you?

the coin will be gone already the point is that you give someone the wallet and they can pay the fees

everyone has though of this idea in last few days cause of the skyrocketing fees

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