[Bitcoin-development] 0 confirmation txs using replace-by-fee and game theory

Mike Hearn mike at plan99.net
Thu Apr 24 15:45:36 UTC 2014


>
> Of course if we're not comparing this with Bitcoin today and we're
> comparing it to some theoretical mechanism for instant p2p
> serialization without requiring proof of work then, yes, this concept
> is not very interesting.
>

Bitcoin's competition is not some theoretical perfect p2p system but
rather, bank notes and credit cards.
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