Re:Ask HN: Why hasn't the ACH system been more abused?
by DennisP on Monday August 29, 2022 @06:05PM
(#32644154)
One way to get something like chargeback is 2-of-3 multisig. The transaction has to be signed by any two of: sender, receiver, and a neutral arbitrator. If sender and receiver agree, the arbitrator never has to hear about the transaction.
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Re:Ask HN: Why hasn't the ACH system been more abused?
by fl0id on Tuesday August 30, 2022 @03:51AM
(#32647766)
That is nothing like chargeback. It would be like chargeback if you could rescind a signature, once you notice a mistake.
Re:Ask HN: Why hasn't the ACH system been more abused?
by DennisP on Tuesday August 30, 2022 @04:46PM
(#32654827)
That wouldn't be chargeback either. You have to get the bank to do the chargeback, you can't just do it yourself.
If you wanted something more like that, you could pay via a smart contract that holds the funds in escrow for a while, with the arbitrator key able to refund the money to you.