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This seems like a major bug with crypto. I don't have physical possession of my bed when I get up from it and go to work, but I've yet to come home and discover
by vkou 4y ago
This seems like a major bug with crypto. I don't have physical possession of my bed when I get up from it and go to work, but I've yet to come home and discover a grifter, or conman sleeping in it.
Likewise, if I lose my car keys, society still manages to acknowledge that I am still the owner of my car.
- nibbleshifter 4y agoThere's a variety of "social recovery mechanisms" being worked on in ETH land, at least.
- fallingknife 4y agoAnd there's the much more important case. What if someone gets your keys? With bank fraud you will most likely get the money back. With crypto, not a chance.