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It's more about incentive alignment, and lack of free get out of jail cards -- people tend to assume you can just roll back fraudulent fiat transactions. Fuck u
by def_true_false 5y ago
It's more about incentive alignment, and lack of free get out of jail cards -- people tend to assume you can just roll back fraudulent fiat transactions. Fuck up in crypto? Poof, the money is gone...
Compared to legacy finance, the exchanges are indeed bugfree. I would sooner trust Binance security team than people who think SMS is enough of a second factor. Never mind all the 'European unicorn' challenger 'banks'.
- 243423443 5y ago"you can just roll back fraudulent fiat transactions. Fuck up in crypto? Poof, the money is gone..." Do you know why Ethereum Classic exists?
- def_true_false 5y agoI'm well aware of ETC. It's not going to happen again on Ethereum, with any level of certainty, anyway. So crypto exchanges and similar won't be able to count on that.