So things are only reversible when the vast majority of users get impacted? That does not seem like a recipe for a stable financial system. Too many individuals will get screwed over in edge cases to drive mass adoption.
> So things are only reversible when the vast majority of users get impacted?
Close, but not quite. It's not a democracy, it's a plutocracy. Things are only reversible when those few who hold the majority of the wealth are impacted.
