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Reversible Transactions on Ethereummirror.xyz/kaili.eth/gB-rx89sNAT3CVuxWo6xVFS5ptNcllW7cVWVCfcFa6k
65 sats \ 5 comments \ @k00b 25 Sep 2022 bitcoin
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110 sats \ 0 replies \ @HODL 25 Sep 2022
Note that a transaction is only freezable for a short amount of time (say, 3 days) before it becomes irreversible.
So, the user will have to wait for three days to make sure the transaction won't be reversed? They're killing the shitcoins from the inside now, LOL.
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100 sats \ 0 replies \ @super_testnet 26 Sep 2022
You can make reversible payments on bitcoin as well. We call them escrowed payments. They are in wide use on sites like lend.hodlhodl.com.
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31 sats \ 2 replies \ @k00b OP 25 Sep 2022
This is a bit of a misleading title, probably for clickbait, but it's been circulating on twitter so I thought it'd be fun to discuss. It's actually proposing reversible token transfers in smart contracts by crowning trusted "judges" to be able to reverse them. It's not the consensus change that it seems to imply.
The more ambiguous piece of this puzzle concerns the “decentralized quorum of judges.” Who are these judges? How do they vote? How do they get rewarded?
These logistics are ultimately up to the governance, a.k.a. whoever creates the instance of the ERC-20R/ERC-721R. In our paper, we explore how to discourage judge dishonest and bribery, reward mechanisms, and more.
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2 sats \ 1 reply \ @pitiunited 25 Sep 2022
I have no doubt about it - eth is going to be the CBDC
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0 sats \ 0 replies \ @Brunswick 25 Sep 2022
I think the fed wants ethereum tokens to be the basis for stable coins, and this is why they have been influenced to move to POS to reduce transaction cost and improve on-chain speed. It the size of the database will quickly become untenable for anything but a big business. They're basically making the perfect cbdc, something that is flexible to market forces for technological adaptation but traceable by the feds, a.k.a. the human centipede of currencies.
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