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Most of these systems are not actually reversible at the protocol level. They sometimes offer cancellation at stages prior to settlement. When needed, transacti
by jonahbenton 5y ago
Most of these systems are not actually reversible at the protocol level. They sometimes offer cancellation at stages prior to settlement. When needed, transactions are most often "reversed" at the governance level.
- heavenlyblue 5y agoBitcoin is reversible on the same level then.
- rjmunro 5y agoIf someone dies with their bitcoin password locked in their head, you can't get the account passed to whoever is named on the will, the coins are locked forever. Maybe a smart contract could help here. If there are no transactions on a wallet for more than some time period, allow the wallet to be unlocked or transferred to a trusted party.