Did A Bitcoin Double Spend Really Cause An 11% Drop?
According to Business Insider:
BitMEX Research tweeted that "it appears as if a small double spend of around 0.00062063 BTC ($21) was detected."
BitMEX later said it appeared that the double spend was actually an RBF transaction, which is when an unconfirmed bitcoin transaction is replaced with a new transfer paying a higher fee. But BitMEX's Fork Monitor said that "no (RBF) fee bumps have been detected."
BitMEX said in another tweet: "A transaction in the losing chain sent 0.00062063 BTC to the address 1D6aebVY5DbS1v7rNTnX2xeYcfWM3os1va, and a transaction in the winning chain which spent the same inputs only sent 0.00014499 BTC to this address."
Do you think this describes a problematic double spending of BTC? Or is it just confusing reporting of a technicality. Something else?
Also, do you think this announcement was calculated to affect the BTC price in any way?
Image courtesy of Bermix Studio
- Yes, that's a double spend.
- No, that's not a double spend.
- Uhm, that's something else entirely and it's a problem.
- Uhm, that's something else entirely but it's not a problem.
- I dunno.
Answer the question at dpoll.xyz.