Cryptocurrencies are fascinating but the irreversibility is not a feature but a bug.
I don't get the appeal for irreversibility. A legitimate trade always occurs between willing partners, why would you be so afraid that the transaction would be cancelled?
The only legitimate use that comes to my mind are complex financial instruments where things mostly happens with an assumption that the underlaying assets are very well defined, so you want assets be stable.
Is there a company or cryptocurrencies focusing on solving the human part in the transactions? Huge part of the value with working in traditional systems is their resiliency against human errors. Sometimes mistakes happen(a faulty system, a design bug or straight out human error and people who are trying to take advantage of those), most of the time these are correctable.
I don't get the appeal for irreversibility. A legitimate trade always occurs between willing partners, why would you be so afraid that the transaction would be cancelled?
The only legitimate use that comes to my mind are complex financial instruments where things mostly happens with an assumption that the underlaying assets are very well defined, so you want assets be stable.
Is there a company or cryptocurrencies focusing on solving the human part in the transactions? Huge part of the value with working in traditional systems is their resiliency against human errors. Sometimes mistakes happen(a faulty system, a design bug or straight out human error and people who are trying to take advantage of those), most of the time these are correctable.