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If crypto transactions were reversible, then the person accepting cryptocurrency from thieves couldn't be confident that the chain of transactions would not be
by beeflet 1y ago
If crypto transactions were reversible, then the person accepting cryptocurrency from thieves couldn't be confident that the chain of transactions would not be reversed. So it's a necessary condition of fungibility. Similar to physical cash or gold.
Also, cryptocurrency transactions are reversible, it just takes a hard fork or a 51% attack in order to do so. See the etherium DAO hack and resulting fork. I would argue this is a bad thing, as it goes against the principles of cryptocurrency.
- popol12 1y agoAfter all these years I fail to understand how people seemingly versed in the subject are still spelling Etherium with an "i" instead of an "e". I wonder if all the occurrences of the error are made by people of the same linguistic origin. Out of pure curiosity, I wonder if you could share if you're an English native ? If so, it would rule out this hypothesis. If you are not an English native, would you share your mother tongue with me ? I myself am (an admittedly nosey) French.
- AStonesThrow 1y agoPartly because that is how it’s spelled in Magic: the Gathering; the Ethereum founders say: https://en.wikipedia.org/wiki/Ethereum#Founding_(2013%E2%80%932014) https://en.wikipedia.org/wiki/Ethereum#Founding_(2013%E2%80%... Buterin chose the name Ethereum after browsing a list of elements from science fiction on Wikipedia. https://en.wikipedia.org/wiki/List_of_fictional_elements,_materials,_isotopes_and_subatomic_particles https://en.wikipedia.org/wiki/List_of_fictional_elements,_ma... Also, “Ethereum” looks like a misspelling to me; even though we’ve got “petroleum” and “linoleum” my instinct is to replace it with the more common “-ium” ending from the Periodic Table. However, I have never been inclined to pronounce or spell “Dubai” with a diaresis, because it’s an Arabic word with a diphthong. I am a native speaker of American English, second language Spanish; polyglot including proficiency in Latin, Italian, Greek, Sanskrit, and Semitic family.
- popol12 1y agoInteresting, thanks. About Dubai, in french it would be pronounced "Du-bay" without the diaresis. It is not ambiguous in english though, but it never occurred to me !
- beeflet 1y agoI'm well-versed in cryptocurrency topics, but not well-versed in ethereum-related topics. I am an english native, I probably picked up the -ium suffix because that's how elements are usually written.