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You're eliding the difference between software and a provider of financial services. My bank is absolutely liable if they fuck up and lose my money, and crypto
by Analemma_ 1y ago
You're eliding the difference between software and a provider of financial services. My bank is absolutely liable if they fuck up and lose my money, and crypto entities should be as well.
- ronsor 1y agoYes, but a non-custodial wallet isn't anything resembling a bank. What you're arguing is basically that a (traditional) wallet manufacturer should be liable if you misplace your wallet and have all your cash stolen.
- kube-system 1y agoThat's only because you losing a physical wallet is your own negligence and not the negligence of the manufacturer. Not because there is no possible way that a digital wallet manufacturer couldn't lose your money due to their own negligence (or even malice).
- makeitdouble 1y ago> a (traditional) wallet manufacturer should be liable if - the wallet spontaneously burns and the money ends in ashes - the wallet cannot be ever opened again and the cash within it sealed out of reach - the bills are tainted by poisonous substance sipping from the internal lining making them hazardeous to use That's kind of an interesting exercice, I think we can all come up with a few dozens of cases where a traditional wallet manufacturer would be liable because of technical or regulation issues.