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RE: Steemit Crypto Academy Contest / S2W1 - How Cryptocurrency has Shaped the Financial Realm. What is Its Future? by @Kennydavebobo
Yea dear you are right dear,
Also once a transaction is wrongly done it's practically impossible to reverse the action there by assets is completely lost.
I have been affected by this so many times and it has made me lose so much money sir and it painted me so much.
I really wished this factors would be worked on that we really stoping experiencing unnecessary lose.
Although I have a solution I believe if the the Blockchain can be developed in a manner that users can reverse the transaction in the first five minutes of the previous transaction then that will solve the issue.
I'm so sorry for your loss, I've also been a victim of lost wallet because I didn't store my private key when I was first introduced to cryptocurrency. I know how it feels like
I believe every mistake made is to gain better understanding of how things can be perfectly done. Your innovation of Blockchain finding alternate solution to wrong transaction in the first five minutes is brilliant idea but I find it impossible because if implemented it can create a loop hole for the Blockchain to be hack, the key used for generating the transaction can be compromised.
Thanks for stopping by