4 ms·
Because banking transactions are far more traceable and can often be reversed if found to be fraudulent.
by renegadus 5y ago
Because banking transactions are far more traceable and can often be reversed if found to be fraudulent.
- TekMol 5y ago"Often" indicates that there are ways to send funds in a way that is not reversible. Wouldn't a thief make use of such a way?
- radres 5y ago"Often" word is used because it also covers the case of small transactions. As transactions get bigger, systems get slower. I have had personal phone calls from bank to ensure I wanted to send big sum of money.
- eh9 5y agoI guess this is my disconnect or naïveté, but I thought the whole point of crypto is that it’s fairly traceable - obviously, there’s no decentralized way to address fraud, but couldn’t we have a decentralized report system that can warn people before sending tokens to known malicious actors?