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RE: Bitfinex, Blockchain Hacks, and Replay Attacks Oh My - All Things that Steem’s Technology is designed to prevent. by modprobe

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Viewing a response to: @dantheman/bitfinex-blockchain-hacks-and-replay-attacks-oh-my-all-things-that-steem-s-technology-is-designed-to-prevent

· @modprobe ·
$0.46
Is this "reversible transactions" thing turned on for everyone, or is it strictly opt-in? And does that go the full 30 days? How deeply will that recurse? Rewinding an entire subtree of transactions sounds rather expensive... Not to mention it screws over anyone who received the stolen funds as payment.
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@dantheman ·
I think you misunderstood the nature of the solution.  

Any transaction that was reversible would not show up in someones account until it could be spent.  Thus, payment is never "received" until it is irreversible.  Both parties know "payment is on the way".
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