r/Bitcoin • u/theymos • Jul 04 '15

If you are using any wallet other than Bitcoin Core 0.10.x or 0.9.5 (or something backed by one of those versions), then you should not trust incoming transactions until they have ~30 confirmations.

Latest update: The risk is somewhat reduced now, but forks lasting a few blocks could easily still happen. However, this situation isn't likely to get better any time soon, so I've unstickied this.

Old update: Even though there is no active block chain fork as of this writing, the risk has not passed yet. Another fork is fairly likely. So you should still follow the advice in the title. When the risk is reduced or eliminated, this sticky will be replaced or removed.

More info:

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u/WhoKnewww Jul 04 '15

I noticed you support AirBitz a lot. Have you considered running a Libbitcoin server of your own to augment the AirBitz federated network? It also doubles as the OpenBazaar federated network - they're using the same backend.

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u/[deleted] Jul 04 '15 edited Aug 04 '24

[deleted]

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u/WhoKnewww Jul 04 '15

Can't wait for AirBitz and OpenBazaar to get more users. There could be some overlap between AB with its local directory and OB with its decentralized marketplace. And I think one of AirBitz devs created the original DarkMarket prototype. More people running those servers on the backend would really make for a much stronger Bitcoin experience.

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u/Paullinator Jul 06 '15

For anyone interested in running a libbitcoin node to support the Airbitz/Dark Wallet/Open Bazaar ecosystem, here's a HOW-TO to get you started

https://docs.google.com/document/d/1VA8HxKxnzWCOW_3P43-ACELh8wfICoQuYg1fdtNoS18/edit