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> And besides, big banks still have to deal with checksum-passing iban typos on a daily basis. That's the thing - they can deal with it. There are fallbacks.
by user-the-name 5y ago
> And besides, big banks still have to deal with checksum-passing iban typos on a daily basis.
That's the thing - they can deal with it. There are fallbacks.
In crypto, your money is just instantly destroyed.
- rosndo 5y agoYou’re mistaken, they usually can’t deal with it. They’ll ask the other bank if they’d like to return the money, and that bank will maybe ask the recipient if they’d like to return the money. The recipient doesn’t want to return the money? You’re SOL. You can go to court, but they can trivially evade civil action by transferring the money overseas.
- user-the-name 5y agoThose are all things you can try, though. In crypto, again, the money just instantly disappears.
- rosndo 5y agoYou could still appeal to the developers, it has been done successfully in the past.
- user-the-name 5y agoOnce.
- rosndo 5y agoWhich indeed proves that it can be done.
- user-the-name 5y agoOk, you are definitely not arguing this is good faith any longer. Get lost.
- rosndo 5y agoWhat do you mean? If you can convince a sufficiently large share of the community, you can in fact roll back transactions.
- user-the-name 5y agoThis is a massively disingenuous argument, and you know it.