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You can implement irreversibility in a blockchain or a smart contract easily, many coins can freeze funds and issue funds, that's defacto irreversibility.
by danamit 4y ago
You can implement irreversibility in a blockchain or a smart contract easily, many coins can freeze funds and issue funds, that's defacto irreversibility.
- deleted 4y ago[deleted]
- azinman2 4y agoSeems this is a counter example.
- lukeschlather 4y agoOnly to the extent that the code doesn't have bugs and your algorithm has no design flaws. (All code has bugs and you should assume all algorithms have design flaws.)
- ineedasername 4y ago>Irreversibility is both easy & often Did you mean reversibility? Because otherwise you're agreeing with me: I'm saying irreversibility is easy, often the default with crypto Yes, that is what I am saying. In traditional banking reversibility is easier, and (mostly) the norm for situations of standard human error. In the case of this particular contract a limited form of reversibility is even what was intended, but that doesn't matter. It's a system that doesn't allow for honest error. For some, that's a feature. For the vast majority required to take smart contracts mainstream, that is not a feature. Better error resistant reversibility can be built, and that's when things may become attractive to more people. But, again, many proponents view irreversibility as a feature so it's not primary consideration when building things.