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People are allowed to login as root and delete their systems too. Yes, today's software doesn't make it easy - and the same can be said about this wallet/token;

People are allowed to login as root and delete their systems too. Yes, today's software doesn't make it easy - and the same can be said about this wallet/token; this was a complex sequence of steps in the wrong direction, not a missclick.

UncleMeat 5y ago
And a lot of ink is spilled about systems to make this very difficult, with people continuing to work to improve things. We didn't simply say "well, just don't type those characters" and move on with our lives.
- emteycz 5y ago
  Exactly like in this crypto case.
dpark 5y ago
People don’t usually store 500k on their PCs.
- emteycz 5y ago
  But people run production servers on their PCs all the time.
  - dpark 5y ago
    The set of people running a service with a revenue of 500k on a personal device must be minuscule and the people doing it almost certainly know it’s stupid. This is qualitatively different from crypto that allows you to burn your money on accident, while the people who build the infrastructure for this tell you is a smart, safe place to put your money.
    - emteycz 5y ago
      If you wire money to a Nigerian prince, it's gone too. Doesn't mean a bank is not a safe place where to put your money.
      - dpark 5y ago
        Interesting how your example has just completely changed. But also, wiring money is a thing that laypeople almost never do. It’s nerve wracking to wire money. But the equivalent in cryptocurrency is just how it’s done. Every transaction is just a fuckup with no recourse waiting to happen.
        emteycz 5y ago
        What's so interesting? I already told you this wasn't a simple missclick. No need to reiterate. You can dump money into a pit just as easy with the classic banking system. Where I live (EU), wiring money is the primary way of payments and money transfers. People don't use anything else.
        dpark 5y ago
        > I already told you this wasn't a simple missclick. Seems like it essentially was. He exchanged ETH for WETH in exactly the same way. Assuming that the reverse would work (as opposed to destroying the money) was not an unreasonable step. He still screwed up, but a design that allows this is user hostile and stupid. > You can dump money into a pit just as easy with the classic banking system. Where I live (EU), wiring money… In the US at least, you can get your money back through the legal system. Accidentally dropping your money into someone else’s account does not give them a right to it and for substantial amounts of money people can and do get their money back. For this amount of money I’d consider pursuing legal avenues against the developers of Etherium. This design seems borderline negligent and Etherium has modified the code at least once already to force a refund.
        emteycz 5y ago
        Consumer wallet software gives you a warning that this is probably not what you want. > In the US at least, you can get your money back through the legal system. Accidentally dropping your money into someone else’s account does not give them a right to it and for substantial amounts of money people can and do get their money back. I doubt this is true in the case of uncooperative out-of-country second party - yeah they have no right to the money, but they don't care and the legal system won't do much for you.

UncleMeat 5y ago

And a lot of ink is spilled about systems to make this very difficult, with people continuing to work to improve things. We didn't simply say "well, just don't type those characters" and move on with our lives.

emteycz 5y ago
Exactly like in this crypto case.

dpark 5y ago

People don’t usually store 500k on their PCs.

emteycz 5y ago
But people run production servers on their PCs all the time.
- dpark 5y ago
  The set of people running a service with a revenue of 500k on a personal device must be minuscule and the people doing it almost certainly know it’s stupid. This is qualitatively different from crypto that allows you to burn your money on accident, while the people who build the infrastructure for this tell you is a smart, safe place to put your money.
  - emteycz 5y ago
    If you wire money to a Nigerian prince, it's gone too. Doesn't mean a bank is not a safe place where to put your money.
    - dpark 5y ago
      Interesting how your example has just completely changed. But also, wiring money is a thing that laypeople almost never do. It’s nerve wracking to wire money. But the equivalent in cryptocurrency is just how it’s done. Every transaction is just a fuckup with no recourse waiting to happen.
      - emteycz 5y ago
        What's so interesting? I already told you this wasn't a simple missclick. No need to reiterate. You can dump money into a pit just as easy with the classic banking system. Where I live (EU), wiring money is the primary way of payments and money transfers. People don't use anything else.
        dpark 5y ago
        > I already told you this wasn't a simple missclick. Seems like it essentially was. He exchanged ETH for WETH in exactly the same way. Assuming that the reverse would work (as opposed to destroying the money) was not an unreasonable step. He still screwed up, but a design that allows this is user hostile and stupid. > You can dump money into a pit just as easy with the classic banking system. Where I live (EU), wiring money… In the US at least, you can get your money back through the legal system. Accidentally dropping your money into someone else’s account does not give them a right to it and for substantial amounts of money people can and do get their money back. For this amount of money I’d consider pursuing legal avenues against the developers of Etherium. This design seems borderline negligent and Etherium has modified the code at least once already to force a refund.
        emteycz 5y ago
        Consumer wallet software gives you a warning that this is probably not what you want. > In the US at least, you can get your money back through the legal system. Accidentally dropping your money into someone else’s account does not give them a right to it and for substantial amounts of money people can and do get their money back. I doubt this is true in the case of uncooperative out-of-country second party - yeah they have no right to the money, but they don't care and the legal system won't do much for you.