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Re:$34M permanently locked into AkuDreams contract forever d... by danamit on Saturday April 23, 2022 @12:14PM (#31135586)
You can implement irreversibility in a blockchain or a smart contract easily, many coins can freeze funds and issue funds, that's defacto irreversibility.
Re:$34M permanently locked into AkuDreams contract forever d... by ineedasername on Saturday April 23, 2022 @01:56PM (#31136569)
>Irreversibility is both easy & often

Did you mean reversibility? Because otherwise you're agreeing with me: I'm saying irreversibility is easy, often the default with crypto Yes, that is what I am saying. In traditional banking reversibility is easier, and (mostly) the norm for situations of standard human error.

In the case of this particular contract a limited form of reversibility is even what was intended, but that doesn't matter. It's a system that doesn't allow for honest error.

For some, that's a feature. For the vast majority required to take smart contracts mainstream, that is not a feature. Better error resistant reversibility can be built, and that's when things may become attractive to more people. But, again, many proponents view irreversibility as a feature so it's not primary consideration when building things.

Re:$34M permanently locked into AkuDreams contract forever d... by azinman2 on Saturday April 23, 2022 @01:24PM (#31136232)
Seems this is a counter example.
Re:$34M permanently locked into AkuDreams contract forever d... by lukeschlather on Saturday April 23, 2022 @01:42PM (#31136417)
Only to the extent that the code doesn't have bugs and your algorithm has no design flaws. (All code has bugs and you should assume all algorithms have design flaws.)