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Those mechanisms will abuse that power if pressured to do so. Which alternative is best depends on your threat model.

I heard that there some block chain rollback thing that may be possible. I'm with ya. I don't put my money into high risk digital collectibles.

That kind of reversible payment rail can be implemented on top of a base layer like Bitcoin. Like the current banking system, with it's underlying final clearance network between banks.

Worldwide final clearance is a feature not a bug.

> An ability to reverse transactions in the case or error or fraud

Yes and that bug is a risk I weigh when using those money transfer mechanisms

When it fits my risk profile I engage in that transaction

Not hard

Not a matter for an industry regulator or state

Just pure market choice

...in part because transactions can be reversed. The flip-side is that sellers get ripped off often by these reversals.

And also that it gets used as censorship. Paypal did it to Wikileaks.