News for hackers. Stuff that matters.

A comment on One year on, El Salvador’s Bitcoin experiment has proven a failure. Parent comment

Re:One year on, El Salvador’s Bitcoin experiment has proven ... by VMG on Wednesday September 14, 2022 @07:17AM (#32835600)
Those that need unstoppable transactions are willing to pay the 10'000 satoshi fee on a transaction with arbitrary amount.
[ Parent | on HN ]
Re:One year on, El Salvador’s Bitcoin experiment has proven ... by mrguyorama on Wednesday September 14, 2022 @02:18PM (#32841078)
Which users actually need and want irreversible transactions. What's the utility of a system that doesn't let you combat fraud?
[ Parent | on HN ]
Re:One year on, El Salvador’s Bitcoin experiment has proven ... by yellowapple on Wednesday September 14, 2022 @08:02PM (#32845191)
A system with a middleman capable of reversing transactions enables fraud. See also: the folks behind Flipper Zero being permanently robbed of more than a million USD thanks to PayPal's whims (as the latest of a long list of high-profile cases of PayPal taking vendors' money and running).
[ Parent | on HN ]
Re:One year on, El Salvador’s Bitcoin experiment has proven ... by VMG on Wednesday September 14, 2022 @03:49PM (#32842421)
people targeted by law enforcement or secret police need unstoppable transactions
[ Parent | on HN ]