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A comment on Computer compromise leads to theft of bitcoins valued at $500,000 USD. Parent comment

Re:Computer compromise leads to theft of bitcoins valued at ... by mootothemax on Tuesday June 14, 2011 @10:29AM (#2653069)
With bitcoin, things are not at all reversible.

True of plenty of payment methods, e.g. CHAPS in the UK:

Unlike other forms of payment such as cheques, CHAPS payments are irrevocable

http://www.ukpayments.org.uk/payment_options/chaps/

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Re:Computer compromise leads to theft of bitcoins valued at ... by ubernostrum on Tuesday June 14, 2011 @10:48AM (#2653177)
I think a better word is "traceable". Presumably with CHAPS one can find out who the money went to, and other mechanisms can come into play to get it back.

Bitcoin, though, is supposed to herald the awesome future of totally anonymous, totally untraceable transactions in which once your money's gone, you're fucked.

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