3 ms·
Not sure if you are trying to make a joke that I'm missing? If not..no, the GP comment is referring to traditional financial institutions improperly wiring mone
by obmelvin 5y ago
Not sure if you are trying to make a joke that I'm missing? If not..no, the GP comment is referring to traditional financial institutions improperly wiring money.
- vmception 5y agoI get that joke, basically people that criticize the entire concept of crypto assets frequently point to thefts of crypto assets and never apply the same standard to financial systems that they respect because they are completely unknowledgeable of the frequency and size of unreversible transfers in the traditional financial system. and then they point to the user experience of how banks at least pretend like the money was returned, which is convenient for the user, something that is also possible to do with using an optional bank custodying crypto deposits.
- perl4ever 5y ago>people that criticize the entire concept of crypto assets frequently point to thefts of crypto assets and never apply the same standard to financial systems that they respect because they are completely unknowledgeable of the frequency and size of unreversible transfers in the traditional financial system My comment was not intended to promote the idea that the existing financial system is comparable in the frauds and crimes that happen, just that it's an overstatement to say people never steal millions in an irreversible way.