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0 pointsInvaderFizz6y ago0 comments

This would require funding, exchanging, and double spending all in the span of a few minutes.

The more confirmations you have to unwind, the more work you have to do to catch up with the long chain.

All that will happen is exchanges require a greater number of confirmations before allowing you to trade deposits.

0 comments

All true, but it is exactly what happened in this latest attack!

And yes, reportedly exchanges have increased the number of confirmations required to confirm a deposit as a result. But it's too late for the ones who got ripped off by the double spend!

bduerst6y ago

And most exchanges require numerous confirmations for this reason.

j / k navigate · click thread line to collapse

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joosters6y ago

All true, but it is exactly what happened in this latest attack!

And yes, reportedly exchanges have increased the number of confirmations required to confirm a deposit as a result. But it's too late for the ones who got ripped off by the double spend!

bduerst6y ago

And most exchanges require numerous confirmations for this reason.

j / k navigate · click thread line to collapse