Bitcoin snack machine (fast transaction problem)
Satoshi describes how a payment processor could enable fast Bitcoin transactions with good-enough checking in 10 seconds, explaining the propagation race that makes double-spending impractical.
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Satoshi describes how a payment processor could enable fast Bitcoin transactions with good-enough checking in 10 seconds, explaining the propagation race that makes double-spending impractical.
Satoshi introduces Bitcoin to the P2P Research mailing list, explaining trust-based currency problems and how Bitcoin uses cryptographic proof and a peer-to-peer network to solve double-spending.
James A. Donald asks how Simplified Payment Verification handles double-spending under concurrent network conditions, raising concerns about government attacks on financial networks.