This is because you don't really understand the modern landscape of Bitcoin as crypto is crowding out good advancements.
How you're talking about crypto isn't the same way you'd talk about our current financial system. Your example would translate to roughly expecting the Central Banks to be able to reverse your morning coffee purchase.
Yes, this is something that literally happens but it's bundled in different ways until it's a speck in the system.
For bitcoin we have lightning network, which is a 2nd layer which gives more freedom to what vendors want to do on this layer. Which this layer can stay open for a long period of time, I'm not an expert, I think basically forever but it's not nature so not literally.
So these things end up being the Visa/Mastercard level requests. Which is a 3rd or even farther step away from the base layer. As it's Central banks, commercial banks then lending institutions. Meaning we could end up with high level layers intended for more customizible transactions.
None of these things you mentioned are required for sound money. They are required for good business practices which is why businesses will make sure these measures are in place before they switch their currencies and payment rails.
This is because you don't really understand the modern landscape of Bitcoin as crypto is crowding out good advancements.
How you're talking about crypto isn't the same way you'd talk about our current financial system. Your example would translate to roughly expecting the Central Banks to be able to reverse your morning coffee purchase.
Yes, this is something that literally happens but it's bundled in different ways until it's a speck in the system.
For bitcoin we have lightning network, which is a 2nd layer which gives more freedom to what vendors want to do on this layer. Which this layer can stay open for a long period of time, I'm not an expert, I think basically forever but it's not nature so not literally.
So these things end up being the Visa/Mastercard level requests. Which is a 3rd or even farther step away from the base layer. As it's Central banks, commercial banks then lending institutions. Meaning we could end up with high level layers intended for more customizible transactions.
None of these things you mentioned are required for sound money. They are required for good business practices which is why businesses will make sure these measures are in place before they switch their currencies and payment rails.