5 ms·
my bank automatically does this without me needing to do an update. worst case it just puts the money back into my account. > I'd basically just say though tha
by kmlx 5y ago
my bank automatically does this without me needing to do an update. worst case it just puts the money back into my account.
> I'd basically just say though that if you want a company or state actor to be able to reverse transactions, you probably aren't interested in cryptocurrencies, and that's fine.
reversing transactions are basic functionalities. we have enough issues as it is with fraud etc. having transactions that you cannot reverse is a complete non-starter.
- danlugo92 5y agoAre you in the US? Send $1000 to a friend or anyone you owe money through Zelle, then call your bank and tell them you misclicked and sent it to the wrong person. Go ahead try it.
- kmlx 5y agonot in the US, in the UK. i know financial systems in the US are about a decade behind those here. for example: we have Faster Payments in the UK. completely free instant payments between bank accounts. and when i say instant, they’re millisecond instant. if i mistype a name when sending a bank payment, it will warn me and ask for a confirmation. if i mistype a bank account but not the name it either comes back to me or it goes to the right bank account. and there are many other features like these.
- danlugo92 5y ago> they’re millisecond instant. Zelle is millisecond instant as well. Ok so, use this "Faster Payments" thing to do what I said then report back.
- throwaway22032 5y agoOkay, so you want reversible transactions. I don't. We can use different payment methods, that's cool.
- kmlx 5y agosorry, i assumed you wanted deep market penetration. of course no reversible tx is ok as long it’s some obscure niche that no-one uses. otherwise there will be issues.
- throwaway22032 5y agoLoads of people use cash all the time, I used it about four times today. I couldn't give a toss about "market penetration", the masses are willing slaves.