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Can you get scammed with btc?


ABottersDream

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11 minutes ago, ABottersDream said:

What is double spending?

Double spending is as the name suggests: Imagine you have 1 BTC in your wallet. You send 1 BTC to two accounts simultaneously (or consecutively in a short period of time). The blockchain (the ledger that records transactions) will only consider one of those transactions accurate and the other is nullified. As far as I know, double spending isn't an easy thing to do with BTC (but then again I don't know anything really so a second opinion would be useful :) ). 

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