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Banks like to be able to reverse transactions. As do courts.
by nwah1 2y ago
Banks like to be able to reverse transactions. As do courts.
- MacsHeadroom 2y agoBanks mostly deal in stablecoin which tend to be reversible, freezable, etc by court order since they're permissioned not permissionless.
- nwah1 2y agoBut in that case you just have a really inefficient database, and the entire point of the Rube Goldberg apparatus is gone. You don't need to solve the Byzantine Generals problem with a trustless system when you are trusting someone.