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I have answered it and again you are answering it ex. here: "A CC payment can look good, but it can be reversed because there other other channels, outside of
by ThomPete 5y ago
I have answered it and again you are answering it ex. here:
"A CC payment can look good, but it can be reversed because there other other channels, outside of the CC circuit, to prove those transactions are to be considered fraudulent.
There is no such mechanism in the crypto space, so basically they are good unless you have an issue that can't be solved by the chain itself."
This is a feature NOT a bug. It comes with it's own consequences of course but that's exactly what makes it enforceable just like physics enforce its laws.
- lottin 5y agoThis is a complete FAILURE to enforce property rights. If by stealing your car, I automatically own it, that means there are no property rights whatsoever.
- ThomPete 5y agoNo it's not. You are assuming that the entry on the ledger is a person it's not. It's a thing. I can steal all sorts of things from you in real life and if you don't know I stole them, then they will be gone forever. You are still not understanding what is meant by enforcing.