Jeff Garzik on Instant Confirmations: ‘Hope is the Denial of Reality’

By February 13, 2015Bitcoin Business

Jeff Garzik Amid a spate of services promising instantaneous confirmation of Bitcoin transactions, core develop Jeff Garzik has spoken out against the concept, calling them “by definition not secure.”

Garzik made the comments while reiterating his stance on Peter Todd’s replace-by-fee protocol for the blockchain. Under replace-by-fee, an unconfirmed transaction would be able to be replaced by another with a higher fee.

“…it is acknowledged that Peter’s scorched earth replace-by-fee proposal is aptly named, and would […]

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