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Thousands of smaller transactions. You are buying USB keys with a set amount of Crypto. They can just assume 10% scam ratio and rise price by that.
by BartBoch 9y ago
Thousands of smaller transactions. You are buying USB keys with a set amount of Crypto. They can just assume 10% scam ratio and rise price by that.
- devit 9y agoIf scamming something like this is possible, the scammers have an incentive to scam as much as possible, so the "scam ratio" will tend to grow to 100% quite fast unless there's a huge amount of legitimate business.
- fiveoak 9y agoI don't really think this is true in practice. There is a risk to scamming, plus even with zero risk not every customer would choose to scam them (given morals/etc).
- cardine 9y agoIt only takes one sophisticated scammer to make the "scam ratio" close to 100%.
- BartBoch 9y agoIf that would be true, then Ebay, Amazon, Etsy etc. would have no right to exist in the world.
- thunfischbrot 9y agoThe difference may lay in the years that those you named had to adjust and readjust their countermeasures and learn from their mistakes ( up to a point ).
- BartBoch 9y agoAt this stage, as long as you are using a company like Stripe with enabled full transaction review settings, you can tap into this countermeasures (or even better) with few clicks.
- moonboon 9y agoHi, this reply is completely irrelevant to the subject matter, but i couldn't directly send you a message so this is my only option. quite a while back in a topic regarding bitgrail losing 170m you submitted a link to the bitgrail trollbox chat log in here https://news.ycombinator.com/item?id=16355342 https://news.ycombinator.com/item?id=16355342 but unfortunately the link no longer has file, is there any chance you still have the chat log? i would be incredibly helpful. Thanks