3 ms·
Clear and transparent reversibility in cases like fraud is something you want your payments infrastructure to implement in a standard and process driven way. W
by thedudeabides5 5y ago
Clear and transparent reversibility in cases like fraud is something you want your payments infrastructure to implement in a standard and process driven way.
What we have so far, is a lot of non-transparent, ad-hoc and community based reverses (like when a lot of people got hacked on ETH a couple of years ago and memory serves they forced a fork on chain to remidiate).
As DeFi starts to trend in this direction, crypto will become less and less cool, and more and more like a new implementation of an old system, just with intermediaries like Coinbase and Uniswap vs Chase, Goldman and the CFTC or whatever.