Comment by gmueckl
16 days ago
This also speaks to Bitcoin's design weakness in the form of the distributed, authority-less blockchain: there is no authority that can undo or correct illegally made transactions. I know that this is used as a selling point for crypto coins, but I would argue that it is the central enabler behind these conplex technical attacks because it shifts the economy far into the attacker's favor.
> there is no authority that can undo or correct illegally made transactions
That is the only way to ensure no "authority" can undo or correct legally made transactions.