You could reimplement the traditional censorable banking system on top of bitcoin, where users never touch the asset, and instead interact with tokens/promises of money and transactions were reversible. Reversibility is not an inherent property of the medium of value it’s the property of the trustful model we’ve layered on top.
The difference is that normal people have access to uncensorable digital payment rails if they are motivated and accept the associated risks (the same they accept when performing cash transactions)
You could reimplement the traditional censorable banking system on top of bitcoin, where users never touch the asset, and instead interact with tokens/promises of money and transactions were reversible. Reversibility is not an inherent property of the medium of value it’s the property of the trustful model we’ve layered on top.
The difference is that normal people have access to uncensorable digital payment rails if they are motivated and accept the associated risks (the same they accept when performing cash transactions)