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That works with the current banking system as well. That's what made the Nigerian scams so successful.
by rafale 5y ago
That works with the current banking system as well. That's what made the Nigerian scams so successful.
- oblio 5y agoYup, but the current system is not a decentralized, immutable database. At least you kind-of-sort-of have a chance at reverting a transaction. Heck, my bank completely blocks my transactions over a certain limit (I need to ask for temporary limit increases through a separate process) and frequently delays transactions larger than another limit and they call me to verify that I want to do them. Sure, blockchains could do the same, through intermediaries, but then... they've reinvented banks.