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With irreversible transactions, no matter what humans do or say, a mistake can't be undone. With reversible transactions, human judgement enters into it. Human
by danaris 4y ago
With irreversible transactions, no matter what humans do or say, a mistake can't be undone.
With reversible transactions, human judgement enters into it. Human judgement is imperfect and corruptible, but it's better than rigid rules that can't be changed even in emergencies or other unusual situations that their makers didn't foresee (or just didn't care about).
- anonporridge 4y agoCompletely false. Humans can come to an agreement that a mistake was made, and the receiver of the transaction can voluntarily do a counter transaction. This is exactly what happens with physical cash. You can't reverse a cash transaction without the receiver's consent, or without violently coercing the receiver to return it. What you're upset about is that we can't come to a human agreement to go back and change history to undo our mistakes. Systems like bitcoin require a roll forward to correct things, and never allow unilateral roll backs.