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You can have smart wallets with reversible transactions. Even chargeback systems where both sides agree on a neutral judge to decide who's right. It takes time
by tancop 9d ago
You can have smart wallets with reversible transactions. Even chargeback systems where both sides agree on a neutral judge to decide who's right. It takes time to set it up in a way that's secure, low cost and has good UX, but it's definitely possible.
Of course you need to use a well designed network like Ethereum or Solana for that, not a random Bitcoin sidechain controlled by a committee of BTC miners and shady VCs. This is a problem with Liquid not DeFi.
- harrouet 8d agoInteresting... But do both parties need to agree to the reversal? Then that's really trivial... and not prone to work against fraudsters. I suspect that a legally-mandated transaction reversal supposes that an authority has got power over the system -- which is against DeFi philosophy.