Re:Ask HN: Why hasn't the ACH system been more abused?
by raffy on Monday August 29, 2022 @11:35PM
(#32646357)
>and also a reasonably good explanation of why, at least in my opinion, crypto is still completely non-viable as a real medium of exchange
I understand HN is a shit-on-crypto echo chamber but it's naive to think crypto is just settlement.
Settlement is simply a low-level primitive. With smart contracts, you can build whatever mechanism you want before making something final. Multisig, clawbacks, timed-delays, time-locks, escrow, recovery wallets, etc.
I understand HN is a shit-on-crypto echo chamber but it's naive to think crypto is just settlement.
Settlement is simply a low-level primitive. With smart contracts, you can build whatever mechanism you want before making something final. Multisig, clawbacks, timed-delays, time-locks, escrow, recovery wallets, etc.