Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by rafale on Thursday February 03, 2022 @08:38AM
(#30192201)
That works with the current banking system as well. That's what made the Nigerian scams so successful.
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Re:In second largest DeFi hack, Blockchain Bridge loses $320...
by oblio on Thursday February 03, 2022 @02:01PM
(#30197038)
Yup, but the current system is not a decentralized, immutable database.
At least you kind-of-sort-of have a chance at reverting a transaction.
Heck, my bank completely blocks my transactions over a certain limit (I need to ask for temporary limit increases through a separate process) and frequently delays transactions larger than another limit and they call me to verify that I want to do them.
Sure, blockchains could do the same, through intermediaries, but then... they've reinvented banks.