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RE: POCKET Announcement

in #pocket7 years ago

Interesting concept. I'm new to cryptocurrencies so I'm not entirely sure what exactly POCKET represents. I'm still trying to wrap my head around what exactly steem/sbd is ;). Regarding confirmation. What happens if people decide not to get confirmation? Does that affect balances and/or trust in the system?

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It affects balances a tiny bit because the fee isn't taken out of the transaction. Trust is a trickier matter: If I send you tokens but there's no easy-to-find record of it, will you really believe that I sent you tokens?

I see the no-confirmation transactions as a thing people do more of in the future when there are better resources for auditing transactions.