...s and the rate of fraud has been negligible.
This doesn’t mean every double spend attempt has been stopped, they haven’t. But we don’t need to stop 100% of double spends ― o
nly enough to remain competitive with credit cards, which currently have fraud rates much higher than Bitcoin. As Shapshift.io CEO, Eric Voorhees put it:
t thousands of zero-conf transactions. We don’t need it to be impossible to double-spend, we just need to mitigate the risk sufficiently to where it can still make business sense. An occasiona...
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