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CautiousFan (OP)
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July 28, 2010, 06:13:02 PM
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What's my incentive for checking for doublespending?  I know if everyone stopped the system fails, but, I'm best off if I can participate in the system while cheating by not performing this check since it consumes my resources.  If I understand this correctly, the only thing currently preventing me form cheating (besides lack of technical skill) is my own internal since of fairness & social good.  Is this correct?
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Gavin Andresen
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July 28, 2010, 06:15:02 PM
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If you include a double-spent transaction in a block you generate, then that block will be rejected and you don't get your 50BTC reward.
How often do you get the chance to work on a potentially world-changing project?
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July 31, 2010, 01:52:48 AM
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Awwww snap.  The bitcoin wikipedia article has been deleted due to insufficient independent sources. 
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