Billions in crypto stolen. If we can't stop the thefts, can we reduce the harmful effects?
Over recent months, a couple other @Stanford researchers and I drew out and prototyped ERC-20R/721R to support reversible transactions on #Ethereum.
See post & 🧵: mirror.xyz/kaili.eth/gB-r…2/ The major hacks we've seen are undeniably thefts with strong evidence. If there was a way to reverse those thefts under such circumstances, our ecosystem would be much safer.
Our proposal allows reversals only if approved by a decentralized quorum of judges. The steps: