Re:Blockchain Is Dangerous Nonsense
by nottorp on Thursday April 28, 2022 @06:04AM
(#31190689)
> Cash largely doesn't.
If you get a contract/receipts you can use the legal system to attempt to recover your cash. With blockchain that's technically impossible?
There recently was a piece of news about some blockchain believers who locked themselves out of 20 million in <random crypto coin> because they used a "smart contract" and their code was buggy. Both the payer and the payee would like the transaction to go through but neither can do anything about it.
Re:Blockchain Is Dangerous Nonsense
by tiluha on Thursday April 28, 2022 @06:13AM
(#31190763)
How would a cryptocurrency be different here? If the counterparty is known you can still go after them via the legal system. If they are unknown, there would be no way of recovering the cash either.
If you get a contract/receipts you can use the legal system to attempt to recover your cash. With blockchain that's technically impossible?
There recently was a piece of news about some blockchain believers who locked themselves out of 20 million in <random crypto coin> because they used a "smart contract" and their code was buggy. Both the payer and the payee would like the transaction to go through but neither can do anything about it.
Edit: random link
https://vnexplorer.net/aku-ethereum-nft-launch-ends-with-34m...