Anyone transacting crypto with an entity that shares a legal jurisdiction is going to have the exact same legal remedies for fraudulent or mistaken transactions

Anyone transacting crypto with an entity that shares a legal jurisdiction is going to have the exact same legal remedies for fraudulent or mistaken transactions. Just because a transaction is settled in crypto doesn’t mean the counterparties are magically transported to an extralegal universe with no possible remedies. The extra risk that crypto carries is a risk of “black hole” transactions—your mistake causes the money to be vaporized. There are many ways to avoid such a mistake, and I’d argue that the rate of accidental unspendable transactions is vanishingly low which would imply that this is basically a solved problem.