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A comment on Hard Problems in Cryptocurrency: Five Years Later. Parent comment

Re:Hard Problems in Cryptocurrency: Five Years Later by hannasanarion on Sunday November 24, 2019 @11:11AM (#21621256)
Chargebacks? Reversing accidental payments? Theft? Fraud? These are all pretty important parts of the currency system, and people aren't going to give them up just for the sake of some nebulous idea of decentralization for decentralization's sake.

Do you always log into every machine as root? Do you want everyone to have admin powers on HN and every other social media/chat/forum you use? Authorities exist for a reason.

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Re:Hard Problems in Cryptocurrency: Five Years Later by mateuszf on Sunday November 24, 2019 @02:55PM (#21622873)
> Chargebacks? Reversing accidental payments? Theft? Fraud?

Cash wasn't solving this either, yet lot of people prefer it to digital money owned by banks. And bitcoin is sometimes called digital cash, because it behaves like cash in that way. One could argue that it makes people more cautious on what they spend money on.

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Re:Hard Problems in Cryptocurrency: Five Years Later by daniel_ameli on Sunday November 24, 2019 @07:37PM (#21624574)
You can build a reversible payment system on top of a irreversible one, but not the other way around. Bitcoin allows mathematical forms of escrow. Bitcoin also allows extremely secure ways to store your cryptocurrency. You don't always want to log into your computer as root. But would you want a third party to log into your computer as root so they can watch and control what you do?
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