Big Misconception of Bitcoin's Transaction Irreversibility. Bill Gates read this

[redsn0w]

However the video is very very good, has someone tweet this video to Bill Gates's twitter account ?

I don't think so yet. Will you? And then let us know

Give me the exact phrase and I will tweet to him , thanks (I don't know what should I write  ).

Ok, how about this:

Dear Mr. Gates, Kindly watch this to understand a misconception about irreversible bitcoin transactions: http://youtu.be/XsW_bsFAWgw?t=4m5s


That's exactly 139 characters long.

Done, this is the tweet : https://twitter.com/Pangu_exe/status/566122732325445634   If you want please retweet it (I hope he will watch the video).

[Q7]

Nicely explained. That should clear up a lot of doubts people are having about bitcoin. It actually relates to how we can utilize it. Personally if transaction were to be reversible, I wouldn't be bothered about bitcoin at all.

[colinistheman]

However the video is very very good, has someone tweet this video to Bill Gates's twitter account ?

I don't think so yet. Will you? And then let us know

Give me the exact phrase and I will tweet to him , thanks (I don't know what should I write  ).

Ok, how about this:

Dear Mr. Gates, Kindly watch this to understand a misconception about irreversible bitcoin transactions: http://youtu.be/XsW_bsFAWgw?t=4m5s


That's exactly 139 characters long.

Done, this is the tweet : https://twitter.com/Pangu_exe/status/566122732325445634   If you want please retweet it (I hope he will watch the video).

Good job! Thanks

[colinistheman]

Nicely explained. That should clear up a lot of doubts people are having about bitcoin. It actually relates to how we can utilize it. Personally if transaction were to be reversible, I wouldn't be bothered about bitcoin at all.

Yes, I think a lot of the concerns people think they have about Bitcoin are actually resolvable with higher level layer software implementations that just haven't been coded yet. It's all coming.

If PayPal or Visa can do it, Bitcoin can do it better.

[viboracecata]

Can't see the video, strongly wonder how this can be implemented in bitcoin network

[redsn0w]

Can't we get the reversal done incase an exchange like BTER is hacked ?

No, the transaction is always irreversible. In each case no one is able to reverse it (/except double spend).