WEB3, PLAINLY · Ep. 4
The Postbox
Why can't you undo a transaction, even a second later?
The film asks: Have you ever sent to the wrong address? · Once / Never / Almost
The call
Bitcoin: other
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What it says
- Why can't you undo a transaction, even a second later?
- Because the ledger has no back page. Every block is written on top of the last.
- Ask a bank and a person can reverse it. Ask the chain and there is no one to ask.
- It's a postbox with no door. Once the letter drops, it belongs to the post.
- So check the address twice. The chain won't.
- Have you ever sent to the wrong address?
04). A rainy street. A red postbox with no door. Across the road, a bank counter where a clerk can pull a letter back. The ledger is a stack of pages, each written on top of the last, with no back page. You drop a letter; a second later you reach for it: there is no door. Check the address twice. The chain won't.
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