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"You can't undo a transaction" is a core feature of crypto. This is hilarious, because in actual payment networks, it literally only benefits scammers.

Every consumer ever has at one point or another wanted or needed to reverse a transaction. Chargebacks are a FEATURE of credit cards.

You know how in old crime fiction there was often an episode with "bearer's bonds" where up top they define bearers bonds as "this just belongs to whoever holds it, so be very careful" and you just know they're going to get stolen immediately?

That's how I feel about crypto.

Reversibility is great for consumers who are sending money in exchange for products and services. It can be a nightmare for people who receive the money and are providing the products and services.

And it isn't just businesses who carry this risk. If a business was depending on a large inflow to make payroll, and that inflow gets reversed, the people who are expecting payment for their labor also are subject to a payment reversal.

There's definitely a lot of benefits to reversibility, but it has very real costs and tradeoffs.