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rizzlarolla
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July 27, 2016, 10:24:27 PM |
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As of now, (and it has always been) Bitcoin transactions are irreversible meaning that there is no way to get them back (in case of a scam) unless the recipient decides to send those coins back to its original owner. (sort of like refunds) But, I was thinking of the possibility that Bitcoin may get reversible transactions in the future, in order to prevent scams, fraud, etc. Do you think that such thing will ever exist or what would be the consequences?  Don't be such a dickhead. Bitcoin is irreversible transactions. That is the one of several reason's why it is valuable. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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potatopower
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July 27, 2016, 10:35:57 PM |
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i dont think so, if this happened a lot of people would turn their backs on bitcoin
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wintermeasures
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July 28, 2016, 01:37:19 AM |
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No bro Reversable Transaction Idea is Not A Good Idea.
if Bitcoins Transaction are Reversable Then Scammers Scam people After their Deal Finishes and Then Bitcoin will never used By Anyone and them this Digital Currency will Disappear..
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Wind_FURY
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July 28, 2016, 01:51:00 AM |
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Whether reversible transactions is good or bad is arguable. But the main thing to point out here is the public feels safe and secure if they have the ability to reverse their actions just in case they made a mistake. They are willing to for trust to be handled by a centralized entity just to have that feature. We as humans are used to being "baby sitted" and that is what makes us sheep with our overlords "watching" over us to keep us "safe" from harm.
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madwica
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July 28, 2016, 02:21:42 AM |
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Whether reversible transactions is good or bad is arguable. But the main thing to point out here is the public feels safe and secure if they have the ability to reverse their actions just in case they made a mistake. They are willing to for trust to be handled by a centralized entity just to have that feature. We as humans are used to being "baby sitted" and that is what makes us sheep with our overlords "watching" over us to keep us "safe" from harm.
That is really good if they implement reversible of transaction or during the confirmation we can cancel our transaction. They need to work it out all bitcoin wallet can utilized that i think soon they will continuous upgrading their system for the users like us. |
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~Bitcoin~
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July 28, 2016, 03:39:14 AM |
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Bitcoin don't need this ability however bitcoin address + identification like the owner username etc could be solution to overcome confusion in bitcoin address. As well as there are some third party service which provide sending bitcoin to email and mobile so no need to get confused on long bitcoin addresses.
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Kevin77
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July 28, 2016, 06:48:47 AM |
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As of now, (and it has always been) Bitcoin transactions are irreversible meaning that there is no way to get them back (in case of a scam) unless the recipient decides to send those coins back to its original owner. (sort of like refunds) But, I was thinking of the possibility that Bitcoin may get reversible transactions in the future, in order to prevent scams, fraud, etc. Do you think that such thing will ever exist or what would be the consequences? Don't be such a dickhead. Bitcoin is irreversible transactions. That is the one of several reason's why it is valuable. Having reversible transactions like paypal would only pose problems since transactions are required for transactions and if the transactions can be reversed, it would also open up to more scams. And op's argument about 'in case of scams' can be avoided if they escrow the funds to a trusted one. |
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BitHodler
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July 28, 2016, 08:09:22 AM |
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Hell no! If people are able to reverse transactions with Bitcoin as well, then a very important aspect of Bitcoin that a lot people love will go to waste.
If people start trying to reverse transaction then there should be a support from bitcoin core team or any additional support team which should handle all these transaction that has been reported, like on paypal. This made bitcoin unique and I think bitcoin became popular because of this(one of the reason). It would cost too much time for the core developers to sit on top of all the reported transactions to get reversed. Other than that, I have full confidence that this will never be implemented by the core developers as they know it's not a smart thing to do. |
BSV is not the real Bcash. Bcash is the real Bcash.
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Denker
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July 28, 2016, 09:06:50 AM |
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No.Not in the core protocol.Bitcoin is digital cash and not a form of paypal or credit card.
However I could imagine services offering something like that on top of Bitcoin in the future.
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Raimonn
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July 28, 2016, 09:19:03 AM |
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The big problem with an implement of reversible transactions is who will decide witch transactions could be reversed? I don't think that bitcoin will implement this. I would not trust bitcoin if the other user could cancel the transaction.
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ionomy
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July 28, 2016, 09:33:32 AM |
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Can you imagine if this was implemented, not that it ever will be and someone found a 'reverse transaction' flaw...
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trickshot22
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July 28, 2016, 09:55:33 AM |
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Can you imagine if this was implemented, not that it ever will be and someone found a 'reverse transaction' flaw...
i think that would be really bad, bitcoin is the currency that can boast irreversible transactions and the change would simply destroy it in my opinion |
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