>One of the key selling points of the blockchain is that it's immutable: Once data is processed, once a transaction occurs, it can't be undone. One of the most painful downsides to the blockchain? It's immutable. If human error causes something to be sold for the wrong price or money to be sent to the wrong place, reversing it can be difficult or even impossible. > >That is the unfortunate place developers of the Juno cryptocurrency find themselves. A community vote had decreed that around 3 million Juno tokens, worth around $36 million, be seized from an investor deemed to have acquired the tokens via malicious means. (This in itself was a big crypto news story.) The funds were to be sent to a wallet controlled by Juno token holders, who could vote on how it would be spent. > >But a developer inadvertently copy and pasted the wrong wallet address, as reported by CoinDesk, leading to $36 million in crypto being sent to an inaccessible address. >...
@geniusmusing Thanks for this post. I was just investigating #Juno recently as one of the ways a future venture might receive payments. . As I understand it, a lot of online & mail order retailers have issues with chargebacks after the product has been delivered, so accepting payments in #cryptocurrency can be a way to reduce such fraud.