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> if it's anything like Ethereum's DAO hack the fraud will not even be considered any wrongdoing at all I would not use the word "fraud" here, regardless of wh

• UweSchmidt 10y ago
  Heh, yeah? What would you call it? Either way, this confirms my point - Your cryptomoney is GONE and no one would even acknowledge ANY wrongdoing whatsoever. Hilariously you losing money is absolutely part of the pseudo-libertarian crypto worldview and not worrying anybody. But at the same time crypto currencies should replace real money? "DAO-Hacker just executed code as intended". "Of course you lose your money if a) your PC is hacked (easy) b) the wallet software is in beta (always is) c) your coins are not in a cold wallet (complicated) d) you are using the 3rd party providers/exchanges (which are hyped by the community) e) your password is weak etc. etc." I'm having a laugh but then again I haven't lost any money in this.
  • EdHominem 10y ago
    That's no more appropriate for every transaction than TCP is for every packet. If you want that service, buy it. Transfer your crypto-backed currency with a "trusted" party who will rollback certain transactions. Do this with a well-capitalized service in a country you can sue them in. But as we've seen with Paypal (and now Upwork), etc, that can be just as disastrous. They're un-sueable because of their size, and have draconian and arbitrary policies. Many people have had money confiscated or indefinitely frozen because of this misplaced trust.