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Vile Vixen and Miss Bitcointalk 2021-2023
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January 19, 2014, 05:50:53 AM |
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Incorrect. Aside from the fact that Bitcoin's transaction history isn't encrypted (and can't be, since preventing double-spends requires that everyone is able to read it), double-spending is not the same as copying a file. A double-spend is a transaction sending coins to a different person than they were originally sent to, that is, it is a maliciously modified version of the original transaction. A copy of a Bitcoin transaction would simply send coins to the same person - the same coins that they already have, and therefore would have no effect. In fact, Bitcoin transactions are routinely copied and redistributed in exactly this manner. Also note that since Bitcoin transactions are cryptographically signed, they cannot be modified by anyone other than the person who created them without the modification being detected (most software already uses a similar system to prevent modified versions of the software from being passed off as the original, but this does nothing to prevent exact copies from being redistributed).
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