Quote from: Synchronice on January 14, 2025, 12:52:59 PM

Quote from: Skybuck on January 08, 2025, 09:52:12 PM

To make blockchain more forgiving for human errors it's time to introduce the "undo" transaction.

This undo transaction can be issued up to 5 blocks from the original transaction, after which it is no longer possible.

In case of bitcoin this should give the user 50 minutes the time to issue the undo transaction, after the 6th confirmation of the original transaction it is no longer possible if the undo transaction was not included in the 2th, 3th, 4th, 5th, 6th block since the original transaction, being the 1th block.

Bitcoin is not for human errors, there was no place for it when it was created but later some things changed and at some point, it's forgiving to human errors. For example, there was no Replace By Fee and now, with Replace By Fee option, you can increase the transaction fee in case it doesn't get confirmed and you can also reverse the transaction before it gets confirmed in the next block. i.e. if you aren't unlucky and your transaction doesn't get confirmed immediately, you have some time to reverse transaction by paying a little higher fee.

What you describe is the problem that Bitcoin tried to solve (double spend). So, that can't be implemented in Bitcoin. It doesn't work like that, it doesn't count minutes, it counts confirmation and also by following your idea, it will take lots of time to get Bitcoin transactions confirmed but majority of people want to get it confirmed ASAP, so many businesses that offer instant deposit, won't be able to show you deposit for at least 50 minutes.

Funny assumptions, being made. 1. How do you know what bitcoin was ment for ? Are you Satoshi Nakamoto ?

2. Do you mean bitcoin was ment for robots/AI ?

3. What you wrote about replace by fee could be an admission that bitcoin needs to be a bit more forgiving, so perhaps a trend.

I have not heard of a technical reason yet, why it could not be implemented. Basically "it's a state" thing and state can be modified by anything... however one has to known when the "state" is truely considered "stable"... in that sense my proposal does fit within the "6 confirmations" and the state should be stable mantra.

Anyway consider the following:

1. Either get used to 6 confirmation times + undo possibility

or the alternative

2. Loose funds when making a typo.

Depending on the typo and situation, it could be small, medium, a lot or all of your funds...