Did I just lose half a million dollars?

Re:Did I just lose half a million dollars? by capableweb on Sunday January 30, 2022 @06:46AM (#30136188)

It's exactly the same with banks, except "we" (normal plebs) cannot actually see when it happens, as compared to blockchains where all data is public. With banks it happens all the time, but no one knows, so it doesn't make the news. When it happens in blockchains (that one time), it's very obvious so it makes the news.

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Re:Did I just lose half a million dollars? by oblio on Sunday January 30, 2022 @07:15AM (#30136467)

Why is it such a hot feature that you can see every transaction, though? Why do you care if I got my bank to revert one of my transactions?

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Re:Did I just lose half a million dollars? by capableweb on Sunday January 30, 2022 @08:17AM (#30136915)

I'll make no argument for/against cryptocurrencies here, as the discussion if it's good/bad is futile. My comment is just a statement of fact about the differences/similarities of what we have now, and what cryptocurrencies offer.

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Re:Did I just lose half a million dollars? by root_axis on Sunday January 30, 2022 @02:24PM (#30140214)

How is it at all the same? The banking system is not immutable, the chargeback for example is available to all the "plebs" and we make regular use of it when transactions go awry.

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