Quote:
Originally Posted by dna82
Your describing a double spend attack. Once you trade a bitcoin it asks miners to process the transaction and to check if this particular bitcoin transaction has not already been sent. This is known as confirmations. 6 confirmations is legit, 3 is 99% legit. However, a successful attack on bitcoins will fork the network and the attackers bitcoins will be legit and all others will be considered illegitimate. Known as double spending.
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You seem to be pretty well in the know lol have you sold any in China and how did it go?
Was it easy to convert the RMB back to CAD?