Hi Abiky,
- first things first. Don't accept a 0-conf transaction if its value is high. Simply wait for some blocks to role by.
- If the tx value is of casual size there's no need whatsoever to wait for any confirmation on BCH. Rollbacks hardly happen. You can check one of many pages doing statistics on it.
- It is not an experimental or new solution on Bitcoin Cash. It was already used on Bitcoin before Bitcoin Core activated Replace-By-Fee (RBF). Thus it is a well tested on Bitcoin in general.
- RBF undermines 0-conf when the blocksize is limit and demand is high. This situation leads to very long confirmation times and thus provides an easy way to double-spent your coins. BCH don't have this problem, only BTC has it.
- RBF has been deactivated on Bitcoin Cash because 0-conf are very useful. I would suggest to simply try it out yourself with services like BitPay, SatoshiDice or whatever service (there are plenty).
To sum it up: a blockchain has to make the choice between Replace-By-Fee and 0-conf tx. Bitcoin Core goes for RBF, Bitcoin Cash goes for 0-conf.
This is my first post here after more than six years. Let's see how spirits are in here these days.
Nice observation. I've never thought it that way at first. I guess that I still need a lot to learn, despite being active on the crypto space for some time now. It seems to me that 0-conf transactions suit their purpose best for small transactions (mostly micropayments). Whenever you'd want to grab a cup of coffee or simply buy some donuts in exchange for Bitcoin Cash, you would use 0-conf transactions without doubt. But when you have the need to send large amounts of money for safekeeping, you'd want to wait for at least 6 confirmations just to be safe. 0-conf transactions greatly resembles Bitcoin's Lightning Network transactions where they are confirmed by the merchant instantly. Both blockchain networks (BCH and BTC) have unique techniques for confirming transactions, yet most people are not aware of this.
While I'm not quite fond with the way Bitcoin Cash has been heading towards the path of scalability, it's an interesting cryptocurrency that brings some pizzazz to the original Bitcoin protocol. With due time, we'll be able to determine which coin will be here to stay and which will die in the long run according to mainstream adoption. But so far, Bitcoin is winning the war being the strongest, most widely supported cryptocurrency in the world. Hence, Bitcoin may be all we need to perform micropayments via the Lightning Network without the need to rely on 0-conf transactions that would put the underlying blockchain network at risk. Just my thoughts
