Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It's not THAT hard to reverse transactions between EU banks.

E.g. when that pirate bay founder hacked a bank's mainframe and transferred money out internationally the banks sorted it out, sending it back, without a court.

Maybe you're thinking something specific about "reversing a transaction", but the main point here is that yes if needed a court can just make that reversing happen. Not the case for cryptocurrency. And no matter what the coiners say, irreversibility is very much a bug that society doesn't want.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: