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> Yet another shortcoming Really depends on your point of view. The entire use-case of Bitcoin is that no one can reach back in time and "undo" transactions.

• loceng 9y ago
  And then we'll all be forced to accept it from criminals for payment - or there will be a governing body/platform you must put transactions through to decide if it is usable (stolen) or not?
  • candiodari 9y ago
    The thing is that for every other currency the governing body/platform cannot be trusted, as has been clearly proven many times, but even the Fed proved it cannot be trusted in 2008-2009 (and before that in 2001). The organisations these governments put forth as arbiters are, of course, are much worse. Pretty much every bank of any size has been caught embezzling, unilaterally cutting people's accounts, and worse. In many cases for very petty reasons, or just for a quick buck. So what exactly is your suggestion ? Is bitcoin more or less trustworthy than BAC, WFC, which are the organisations the Fed chooses to represent it to normal Americans ? More trustworthy. No doubt about that whatsoever.
• rafiki6 9y ago
  Read the whole sentence I wrote. "Yet another shorting coming of trying to replicate cash." The problem isn't the blockchain. The block chain is all good and well. The problem is the anonymity associated with the transactions. There has to be a balance between anonymity and security of transactions.