Quote:
Originally Posted by STLNolaWoj
for some reason I thought he was trying to say that it was locked in once sent from blockchain to circle.
a little off topic, but are btc transactions reversible at all in regards to sending to another person? i.e. if I was to use the transfer thread on here to sell acr funds and someone sends me BTC for my acr, is there a way that transaction can be reversed a la paypal/amazon/qpay etc? or am I guaranteed that I wont get scammed once the BTC is in my blockchain or circle? (and furthermore would the person have to go the human->blockchain->circle route or could they just send directly to my circle)?
thanks for the advice
Ah yeah, I can see how "sell" could be mistakenly seen as "send". But yeah, gluten nailed it.
No that's a good question, I don't think it's come up yet in this thread.
Bitcoin transactions are
NOT reversible. That's one of the main reasons it was created.
Think of bitcoin as cash. Once someone sends it to you and it's confirmed it is fully yours... they can't take it back.
Which is why it's so great for WPN to accept as a deposit. They don't have to worry about the player issuing a chargeback like with a credit card.
They know the funds are valid and it can't bounce, be declined or taken from them. It's as if you had sent them an envelope of cash.