7 upvotes, 2 direct replies (showing 2)
View submission: ⚡ Lightning Network Megathread ⚡
Question: Is it possible for lightning transactions to be reversible by one trusted party -- if all parties involved initially agree that this trusted party can reverse transactions at will?
Yes there are designs for escrow, but no I don't think anyone has implemented such a thing. Focus has been on 1 to 1 payments.
Comment by Zalwol at 12/01/2018 at 17:52 UTC
7 upvotes, 5 direct replies
This is unfortunate. Until bitcoin can offer those technically illiterate the same 100% guarantee against fraud that mainstream banks and credit card companies do -- lightning or no lightning we're not gonna replace paypal, visa, the banking system or the dollar.
Irreversible transactions are great for many things, but most people prefer the safety and comfort of reversible transactions by reputable institutions.
Comment by [deleted] at 12/01/2018 at 18:27 UTC*
2 upvotes, 3 direct replies
[deleted]