Have you ever sent money to the wrong account?
I have. Too many times.
And I got the money back every time.
That’s not how crypto is designed at all.
A key advantage of centralized banking is the ability to easily reverse transactions.
- How can we build this feature into decentralized finance (DeFi)?
What do you do if someone hacks your crypto wallet and steals your NFTs?
We need a decentralized consensus mechanism to track and reverse theft of digital assets.
This idea is a work-in-progress. If you’d like to riff on it, hit me up @neilthanedar on Twitter.