Advocating paragraph: "
Transparency extended to absolute leads to inability to cheat thus removing necessity to think if someone should trust another one.", I think you should add the option to
cancel a transaction,
"even at the cost of losing the fee!"If an option is implemented where transactions can be reversed, I myself and about 90% of all investors/enthusiasts would leave the ship.
This might be the most retarded idea of the century. Props
No idea is retarded....maybe he see's something we don't...lets give him time to explain.
Right. I don't see why this idea is good, but maybe he has an explanation.
He will say:
Because we can reverse stolen funds transfers.
But:
Actually we couldn't even do that. If the acccount is compromised, even if you cancel the trasfer the funds would be lost, because you would never be able to spend them (because the attacker can just cancel your transfer)
If he wants to counter scam in P2P trading, then yes maybe, but it will lead to even more scam...
The only upside would be that if you misstype the reciving address you can do some good.
But obviously the cons outdo the pros and the wrong address issue should be solved with checksums clientside..