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When I was a student 15 years ago my debit card was skimmed (here in the UK) and someone in the middle east completely emptied my bank account. I called my bank
by SmellyGeekBoy 7y ago
When I was a student 15 years ago my debit card was skimmed (here in the UK) and someone in the middle east completely emptied my bank account. I called my bank, they explained what had happened and what little money I had was back the very next day.
So while the infrastructure may be fundamentally insecure, quite frankly that's not my problem. If it was a crypto wallet I would have had zero legal recourse and of course never would have seen that money again - as we're seeing again and again.
I do hold some ETH but I don't see it replacing my bank anytime soon.
- nstart 7y agoOuch. Sucks to read that. For anyone who might be interested in a possible alternative to this, I keep two bank accounts with the same bank with only one being connected to my debit card. I keep a tiny balance in the account connected to the debit card so that even if I lose it, the damage is minimal. Whenever my balance is running low, I do a quick transfer via online banking. No idea how feasible this might be in other countries, but wanted to share in case its helpful. It's really helped me have ease of mind in using my card when I've been abroad. Doesn't stop me from attempting to dismantle any ATM though whenever I use one :')
- lixtra 7y agoHow many hours did you spend resolving the issue? That’s your damage. And while you were reimbursed, the damage to the whole community was still done and just covered by an insurance fee that everyone pays on every transaction.