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A comment on Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose Millions. Parent comment

Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M... by djsumdog on Wednesday May 23, 2018 @11:20PM (#17140826)
Credit Card companies and banks can reverse the transactions, so long as they keep track of things in batches, have strong backup system for their ledgers. So long as they're not SWIFT transactions that leave the country, and the country that's attacked as a strong/regulated inter-bank transfer system.

If a bank is critically hit so bad funds become impossible to correctly attribute to people (Fight Club type unrealistic scenario), at least in the US FDIC would probably come in to play. The bank might even have to be treated as a failed bank.

People wouldn't stop using banks, but they would stop using that bank.

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Re:Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose M... by eric-hu on Thursday May 24, 2018 @08:57AM (#17143482)
> People wouldn't stop using banks, but they would stop using that bank.

I'd really like to live in a world where that's true, but I don't see Equifax going anywhere. PayPal does a form of this as well, except it's the central system and not a rogue actor that locks your money away. Well informed users avoid PayPal, but there appear to be many more uninformed users.

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