> an intermediary credited another institution only to realise later they didn't have the money, and have to beg pretty-please to return the payment over a SWIFT message (there is no guarantee here, at best there is "market practice" which is basically just manners, but for banks)
But this situation is not made any better by a blockchain - there's still no way to reverse a transaction except asking nicely and hoping the other party obliges, right?
But this situation is not made any better by a blockchain - there's still no way to reverse a transaction except asking nicely and hoping the other party obliges, right?