Reversible transactions could mitigate crypto theft — Researchers

[troubled soul]

https://cointelegraph.com/news/reversible-transactions-could-mitigate-crypto-theft-researchers

 

[MiltonStone]

That's good if it works.

 

[wellington]

https://cointelegraph.com/news/reversible-transactions-could-mitigate-crypto-theft-researchers

Will be used like charge back fraud.

Few years ago a customer bought of my company, then sold, then tried to do a refund through his payment provider, i provided the evidence he'd sold it, and that refunding him would be fraud, they still refunded.

 

[Martin Everson]

This part sounds like a bad idea.

---- quote start

Under the proposed token standards, if someone has their funds stolen, they can submit a freeze request on the assets to a governance contract. This will then be followed up by a decentralized court of judges that need to quickly vote “within a day or two at most” to approve or reject the request.

---- quote end

 

[TheCryptoAnt]

yeah no thx

 

[JackAlabama]

That's good if it works.

Will not work.
You have this in banking already where it works like that.
Also no serious case can be decided in a day or two lol, unless you trade some meaningless cheap ape or punk.

Introducing this feature will make the value prop of crypto obsolete and we can stick to banks (which I would prefer since its easy if it works)

 

[JohnnyDoe]

https://cointelegraph.com/news/reversible-transactions-could-mitigate-crypto-theft-researchers

That’s really a retarded proposition.

 

[Martin Everson]

Introducing this feature will make the value prop of crypto obsolete and we can stick to banks (which I would prefer since its easy if it works)

Exactly. Who wants to use a crypto that does not have immutable transactions. It a core function of of blockchain technology.

 

[Samman Kaseeb Sleiman]

JohnnyDoe,​

I've always believed that you were an arbitrary guy. But under your nickname it says "random guy". How come?

 

[JohnnyDoe]

JohnnyDoe,​

I've always believed that you were an arbitrary guy. But under your nickname it says "random guy". How come?

I rectified it