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> ...and transactions still can be reversed... That's a feature. I have no idea why people think irreversible transactions are a desirable feature. It's like
by tablespoon 4y ago
> ...and transactions still can be reversed...
That's a feature. I have no idea why people think irreversible transactions are a desirable feature. It's like a credit card where you're responsible for all charges, even if your card was stolen.
- rglullis 4y agonot for the merchant.
- tablespoon 4y ago> not for the merchant. So: 1. Bad for consumers (who merchants also are). 2. Bad for people who make mistakes. 3. Good for merchants-as-merchants, including unscrupulous ones. 4. Good for thieves.
- criddell 4y agoMerchants are also consumers. Reversible transactions are an important feature for everybody.
- rglullis 4y ago> I have no idea why people think irreversible transactions are a desirable feature. Reversible transactions come at a cost. There are times when the cost of the insurance from the transactions being reversible is higher than the cost of the transaction itself. For those times, it would be very desirable to have a way for irreversible transactions. (Also, please read https://news.ycombinator.com/item?id=31463534 https://news.ycombinator.com/item?id=31463534 before continuing with any other false dichotomies. I am tired of "playing the tape" in regards to crypto discussions)