Video Shows How Easy It Is to Double Spend BTC Using RBF - by Jamie Redman

[nandibear]

Video Shows How Easy It Is to Double Spend BTC Using RBF
news.bitcoin.com
by Jamie Redman
December 18th, 2019

Excerpt:

On December 18, the web portal Bitcoinbch.com published an informal notice explaining that merchants accepting BTC should switch to BCH because of “dangerous flaws” found in the BTC software. The problem is tied to slow confirmation times tethered to a BTC-based protocol called Replace-by-Fee (RBF), which gives individuals the opportunity to double spend on merchants. Bitcoinbch.com CEO Hayden Otto performed double spends on merchants in Australia to demonstrate how easy it was to execute in the wild.

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https://youtu.be/lLkiu8zs318

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Read entire article: https://news.bitcoin.com/video-shows-how-easy-it-is-to-double-spend-btc-using-rbf/

About the author: https://news.bitcoin.com/author/jamieredman/