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0 pointsOutOfHere7mo ago0 comments

I appreciate when someone is well informed and shares their knowledge, but:

1. Regarding malicious smart contracts, they can steal only from incompetently written smart contracts.

2. Regarding refunds by large vendors, that's the ideal, but not the reality. I have had Uber reject a refund for unfair reasons when the driver was wasting time and didn't show up for over 15 minutes past the estimated time. I have also had Google provide me no refund for a large transaction on a scam app that fooled me.

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yunohn7mo ago

1. Please don’t repeat the No True Scotsman train of argument again and hand wave away the problem by blaming it on “incompetence” - it removes the explicit malice those contracts were coded with.

2. I am struggling to see how this is/would/could ever be solved by crypto.

OutOfHereOP7mo ago

2. It's not solved by crypto, but then crypto doesn't charge a 3% commission for money transfer. The cost of a stablecoin transfer is a couple of pennies.

ceejayoz7mo ago

> The cost of a stablecoin transfer is a couple of pennies.

The cost of an authorized stablecoin transfer is.

The cost of an unauthorized stablecoin transfer is infinite. The cost of an unauthorized credit card transaction is $0.

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