First entity comes from me?
- Bitcoin doesn't have circuit breakers....
Share your thoughts, please.
pull down to refresh
221 sats \ 0 replies \ @birdeye21 25 Jun 2023
Wage enslavement
reply
54 sats \ 4 replies \ @0000 25 Jun 2023
Refunds. Once that transaction is sent and confirmed, it is final.
reply
2 sats \ 3 replies \ @WeAreAllSatoshi 25 Jun 2023
I wonder if this is just a terminology thing. I’d say refunds are a thing in Bitcoin, because you can send money bidirectionally, but there are not reversals.
reply
23 sats \ 2 replies \ @0000 25 Jun 2023
Reversals are more accurate, since if a company offers a refund policy that is a much different process from calling your bank and getting the transaction reversed.
So you are correct.
reply
1 sat \ 1 reply \ @02cfd5f452 25 Jun 2023
Since bitcoin is programmable money, reversibility can be built in the future if needed (think a merchant advertising that payments to them are reversible through your bank (or more likely via some other trusted third party) if needed as a way to gain your confidence).
reply
1 sat \ 0 replies \ @kepford 25 Jun 2023
Honestly, what would this ever be needed? If we are talking about merchants and the way credit card processing works maybe this could be a lightning invoice feature but on chain... nah. Seems like a very bad idea.
reply
1 sat \ 0 replies \ @kepford 25 Jun 2023
I hope bitcoiners realize that "circuit breakers" are not a good thing. Most of these "investor protections" are not good in the long run.
reply
8 sats \ 0 replies \ @kepford 25 Jun 2023
- The ability to inflate your wealth away
- The ability to censor your transactions
- The ability to seize your funds
- The ability to reverse your transactions
- The ability to garnish your wages
- Centralized control (This covers many things)
- Ability to fund US foreign adventures (War) through money printing
- Ability for a single state with control over the reserve currency to bully the world into submission
I can't think of anything else that isn't covered by these 9 points. Would love to hear others I missed. Some of these may even be redundant.
reply
4 sats \ 0 replies \ @ca 25 Jun 2023
Asset insurance.
Customer support.
Equality, bitcoin will exacerbate wealth inequalities.
History.
Ecosystem/infrastructure built around it all over the globe.
reply
1 sat \ 0 replies \ @f6287b82CC84bcbd 26 Jun 2023
The state of perpertual war
reply
1 sat \ 0 replies \ @Spiralnebel 25 Jun 2023
Direct debit
reply