[IP] Reversible transactions: a great new idea

[David Farber <dave@farber.net>]

Begin forwarded message:

From: "David P. Reed" <dpreed@reed.com>
Date: July 18, 2009 11:13:24 AM EDT
To: dave@farber.net
Cc: ip <ip@v2.listbox.com>
Subject: Reversible transactions: a great new idea

This thing with the Kindle deleting books (and apparently the notes  
and annotations a kid did on his(?) copy as part of his summer reading  
assignment), might turn out to be a great idea in the long run.

For example, I remember selling some stock holdings I had, only to  
watch the price soar a couple of weeks later.   I could rewrite my  
terms of service with my stockbroker, allowing myself to retrieve the  
stock, and pay back the cost.

In fact the concept would completely solve the recent financial  
crisis.   Just unwind all the transactions, force the bankers to  
return all their bonuses, etc.

Kindle ROCKS!





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