On: Stop Saying Bitcoin Transactions Aren’t Reversible

[paulgb]

I'm sure it isn't pedantic to the recipients of transactions in the orphaned block chain

[vacri → paulgb]

To be pedantic, those aren't really 'reversed transactions' so much as 'data loss'. It's not like specific transactions were targeted. If a bank incorrectly recorded a credit card purchase of yours, you wouldn't classify it as 'a reversed transaction'.

[wmf → paulgb]

If your transaction gets orphaned you can just broadcast it again.

[jameshart → wmf]

If the goods you purchased are already in your hands, and your bitcoin payment has been lost in a blockchain accident, what is your incentive to rebroadcast your bitcoin payment?

[wmf → jameshart]

That's why this thread is discussing m-of-n and escrow. But since transactions are public anyone (like the recipient) could rebroadcast it.

[ZoF → jameshart]

Honor my friend, honor. Unfortunately I find myself sorely lacking.