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One mistake like putting in the entirely incorrect address? It's impossible to initiate a transfer with an invalid address, as they have checksums.
by pitaj 6y ago
One mistake like putting in the entirely incorrect address? It's impossible to initiate a transfer with an invalid address, as they have checksums.
- UShouldBWorking 6y agoThe fear and hate for Bitcoin is getting weird. So they are saying you might accedently paste in another address that belongs to someone else but you don't know who? I'm pretty sure the people worried about Bitcoin have never used Bitcoin
- viraptor 6y agoOne mistake may mean copy-pasting wrong address. Or putting an extra "0" at the end of amount. This happens. Both are (most of the time) reversible in standard banking.
- aynyc 6y agoHeh, unless you accidentally sent to hedge funds, /s.
- xur17 6y agoMy understanding was that wire transfers weren't very reversible.
- viraptor 6y agoThey often are and it depends how quickly you react. This is a good description https://laws101.com/can-you-reverse-a-wire-transfer/ https://laws101.com/can-you-reverse-a-wire-transfer/
- GoblinSlayer 6y agohttps://arstechnica.com/tech-policy/2021/02/citibank-just-got-a-500-million-lesson-in-the-importance-of-ui-design/ https://arstechnica.com/tech-policy/2021/02/citibank-just-go... - and that's not some poor Joe McConsumer, but financial sharks.
- lxgr 6y agoHow about copy/pasting the wrong address then (either somebody else‘s, or one the recipient no longer has key access for)?