{"type":"rich","version":"1.0","author_name":"npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","author_url":"https://nostr.ae/npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-02-12\n📝 Original message:\u003e\n\u003e 1. They won't be attacking Bitcoin, they will attack merchants who accept\n\u003e payments with 0 confirmations.\n\u003e\n\nWhich is basically all of them other than exchanges. Any merchant that uses\nBitPay or Coinbase, for instance, or any physical shop.\n\nIf you want to play word games and redefine \"Bitcoin\" to be something other\nthan what people are actually using, go right ahead. You will win the\nargument under your own definitions which nobody else is using.\n\nIn your scenario I won't be able to get hamburgers for free because people\nwill stop selling them for ordinary bitcoin transactions. Most will say,\nyou know what, just pay me with Visa instead. And a few might knuckle down\nand set up some network of PKI-like trusted third parties that interacts\nwith the block chain in some way.\n\nThough eventually, if that were to happen, cunning merchants will notice\nthat having received a transaction counter-signed by a TTP they don't\nactually have to broadcast it or pay miner fees at all. They can just keep\nit around in their wallet and pass it along to the next guy when they\npurchase something with those coins. Eventually whoever ends up not being\nable to find a matching TTP gets to be the sucker who pays all the miner\nfees at once, because he is the only one who actually needs their services.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150212/e2f3ae22/attachment.html\u003e"}