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See another reply above mine: transactions never got reversed on blockchain. Outside chain activities, like seizing private keys, are fundamentally different in
by marcell 5y ago
See another reply above mine: transactions never got reversed on blockchain. Outside chain activities, like seizing private keys, are fundamentally different in bitcoin.
- stickfigure 5y agoI'm not sure this is so different from "reversing" charges in the traditional banking system. It's not like someone issues a DELETE FROM to remove the original transfer; they just create a new transfer that puts the money back. Just like bitcoin.
- beaned 5y agoIt's not just like Bitcoin, because if the keys aren't accessible, nothing can be done.
- lxgr 5y agoYes, as a system, Bitcoin does not offer an "undo button" in the way that other payment systems do. What I'm getting out of the article is that this is less relevant than people generally assume.