Immutability as a weakness

Apprehensive_Loan776
0
0

Debating with my brother tonight - he argues that immutability is a weakness in the real world because we don’t want mistakes or fraud to go unaddressed.

He’s saying that the risk of fraud through our regulated legacy trusted intermediaries (banks, visa, law firm trust accounts etc) is a lot lower than the risk of mistake or fraud for the average person transacting on an immutable blockchain.

What sayest thou?

Related news

01 April 2023
De-dollarization: Do all roads eventually lead to Bitcoin? Yes.
CryptoSlate's Market Report: De-dollarization and Bitcoin's Role in the Global Economy - dollar road leads to BTC?
Bitcoin
cryptoslate.com
01 April 2023
A news about the US approving Bitcoin as an official currency.
BREAKING: BITCOIN BECOMES OFFICIAL PAYMENT METHOD IN THE U.S.
Bitcoin
bullionbite.com
01 April 2023
More than 3600 Bitcoin ATMs went offline to record largest monthly decline
Contradicting the growing global Bitcoin (BTC) adoption rate, physical ATMs dedicated to fiat-crypto conversions are on the decline. In March alone, 3,627 crypt
Bitcoin
cryptofinancenews.site
01 April 2023
Revolutionizing Bitcoin: The Lightning Network Explained
The Lightning Network is a layer 2 solution built on top of the Bitcoin blockchain that aims to address the scalability problem of the Bitcoin network. By creating an off-chain network of channels between users, the Lightning Network enables fast, cheap, and private transactions without the need to record every transaction on the blockchain. Why
Bitcoin
zenbitcoin.net
Copyright © 2023 - All right reserved