@SatoshiLite: Running your own node is like having your own watch. You use it to tell time without relying on others. (e.g. miners) If everyone has their own watch, actual time can only change if everyone agrees to change it. (e.g. DST) Time is only useful when everyone is on the same time.

@SatoshiLite: Running your own node is like having your own watch. You use it to tell time without relying on others. (e.g. miners) If everyone has their own watch, actual time can only change if everyone agrees to change it. (e.g. DST) Time is only useful when everyone is on the same time. submitted by /u/CBDoctor
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Bitcoin – The Currency of the Internet

Why can bitcoins never be refunded unless the receiver agrees to send back the money?

I have used a number of ecurrencies and they all seem to share what I’ve never understood about BTC, which is that once it is sent, it’s gone. Often BTC are sent but legally should be refunded, but because of how BTC work, the sender loses their money.

Why is this?

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