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By this logic most e-commerce is a mistake as well, since a serious flaw in the linux kernel could take down most web servers.
by zionic 5y ago
By this logic most e-commerce is a mistake as well, since a serious flaw in the linux kernel could take down most web servers.
- arcticbull 5y agoNah, that's governed by contracts, law and enforced by the police. That money tends to be traceable and recoverable.
- Retric 5y agoCredit card transactions are reversible, that means such flaws can be considered a cost of doing business rather than permanently destroying anything.
- threeseed 5y agoWith ecommerce the worst you can do as a seller is take out as much money as the credit limit on the card. Which for most people is in the low thousands. With smart contracts the liability upside is orders of magnitude higher.