Post
Topic
Board Bitcoin Discussion
Re: Bitcoin developer @lukedashjr's wallet was hacked
by
NeuroticFish
on 04/01/2023, 09:27:31 UTC
Part of the issue is irreversible transaction.
It would be safer to build a decentralized platform on top of Bitcoin where Bitcoin transactions can be reversed if unauthorized people gain access to users coins

You don't know what you're talking about. This would mean that anybody could reverse his transactions for no good reason. The merchants would have no reason at all to use Bitcoin, actually, it would be the opposite: they would avoid it.

Well any credit card transactions can be easily reversed by the credit card company or bank, but most merchants still accept credit cards.

That's done by centralized institutions you and the merchant (have no option but to) trust. Ucy was talking about decentralized platform where transactions can be reversed.