Are there any risks associated with not waiting for confirmation when moving my own btc?
Question
Last week I noticed when moving btc from one address to another, my background process was sending btc frequently without checking confirmation (latestBlockHeight - txBlockHeight + 1). I understand that if I receive btc from someone I need to make sure there are at least 3-6 confirmation to mitigate risks of someone spending that coin. Is there any risk not waiting for confirmation for my own btc which I am using to pay somebody else and the rest is moved as a change. what could possibly happen the worst case scenario.
Answer 1
In the worst scenario the transaction will not been included in block. So, the risk is not for your funds, but for your reputation.