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You negotiate with the recipient of the transaction to return the money.
by Geee 5y ago
You negotiate with the recipient of the transaction to return the money.
- andruby 5y agoThe fee went to the miner, not the recipient of the transaction. So probably an anonymous mining setup that has little incentive to return $23M
- davidcbc 5y agoThat sounds like a lot of trust to put on someone in a “trustless” system
- retrac 5y agoIt's the exact same flaw as cash. If you mess up and send it to the wrong person in the mail or set it on fire, there is absolutely no recourse, unless there's someone to sue maybe. As long as you understand that I don't see the problem. I use cash a lot myself. Of course, we basically did invent the entire banking system to get away from the many downsides of literally lugging bags of gold around, like theft and loss without recourse.
- davidcbc 5y agoYeah, I hate it when I accidentally pay someone 6 orders of magnitude more than I meant to when I’m using cash. Just like cryptocurrency!
- ric2b 5y agoCitibank managed to do it with USD and still hasn't gotten it back. Meanwhile in this case the miner gave back the money so maybe the tech isn't the issue?