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Re:eBay Robbed This Man of $4700 and Suspended His Account W... by nick238 on Monday May 09, 2022 @11:27AM (#31315368)
That's great, but how do I sell a $2 candy bar to someone and not have to charge them a $2 transaction fee (or $20 if there's a gas war), and also make sure their transaction actually goes through.

With crypto you still need to trust someone: the blockchain owners, as they can always do a rollback at any time, as happened with the DAO.

Re:eBay Robbed This Man of $4700 and Suspended His Account W... by rglullis on Monday May 09, 2022 @06:11PM (#31320501)
There are no blockchain owners. There is just a blockchain, and consensus rules to what goes into it.

People talk about the DAO thing as if it was just a matter of calling some people and ask them to refund everyone, as if history could be reversed. What happened was a fork, and the decision on what fork to go on still required consensus building: those running ethereum nodes and who were against the DAO fork stayed on their paths and went on to call it "Ethereum Classic".

As for gas prices: https://l2fees.info/ will show you that transfers can easily be done with a few cents, and Raiden is (finally!) live and able to do sub-cent transactions (https://medium.com/raiden-network/the-raiden-network-now-liv...)

Re:eBay Robbed This Man of $4700 and Suspended His Account W... by dragonwriter on Monday May 09, 2022 @11:28AM (#31315392)
> With crypto you still need to trust someone:

Yes, but the people you need to trust are self-selected, anonymous, distributed, and unaccountable, which is, apparently, better somehow.

Re:eBay Robbed This Man of $4700 and Suspended His Account W... by notahacker on Monday May 09, 2022 @11:48AM (#31315653)
And for the majority of real world transactions, you still have to trust "fiat" gateways at either end anyway...
Re:eBay Robbed This Man of $4700 and Suspended His Account W... by danlugo92 on Monday May 09, 2022 @11:47AM (#31315640)
Use bitcoin lightning