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by gus_massa 1705 days ago
Let's spouse I have two properties, one big and one small, and I sell you the small one for $X. But I miskick and send you the big one. If you don't want to return it to me, can I go to a judge?

What about kidnaping? If someone kidnaps me and use a wrench to send my property, can it be returned?

2 comments

What about the very unlikely event that someone loses access to their private key or gets hacked? Does that mean their house now belongs to someone else? I suppose this speeds up the ability to lose one's home through cryptocurrency scams.
Author here; I agree, and this is something I've been wrestling for years. The lack of centralization means it's impossible to reverse hacks or scenarios you mentioned--I personally think _some_ centralization is crucial, but not sure to what extend (and if that basically just means we should just have private companies like we do today).