Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by Rantenki on Wednesday April 12, 2023 @03:59PM
(#35545874)
That doesn't return your money to you like the credit card though. The irreversibility 'feature' of most cryptocurrencies makes it really hard to recover funds stolen through fraud... I guess that is a desirable feature for anybody performing fraud though.
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by JohnFen on Wednesday April 12, 2023 @06:31PM
(#35547955)
Of the things that make cryptocurrency something I want to avoid, the irreversibility part is the biggest problem.
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by astrange on Wednesday April 12, 2023 @11:02PM
(#35550369)
Nothing is ever irreversible, it's just a question of how expensive it is to make the database writes. Ethereum forked the whole currency to undo a write (the DAO hack) and if the legal system can find a hacker they can make them reverse their transaction.
…But having someone with admin access over the network and can fix mistakes is just a lot cheaper than refusing to build that in for ideological reasons.
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by JohnFen on Thursday April 13, 2023 @12:37PM
(#35558158)
Most (but not all) things in life are technically reversible. But some things are so difficult or expensive to reverse that they are effectively irreversible nonetheless.
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by yellowapple on Friday April 14, 2023 @03:25PM
(#35573609)
I'm guessing you avoid cash for the same reason?
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by chii on Wednesday April 12, 2023 @11:44PM
(#35550678)
if you can locate the physical person who stole your crypto, you can always use the rubber hose method of returning your money. I bet it works.
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by panarky on Wednesday April 12, 2023 @04:24PM
(#35546270)
VR doesn't need to replace social media for it to be useful.
AI doesn't need to replace doctors for it to be useful.
Crypto doesn't need to replace your credit card for it to be useful.
If none of these things are useful to you, that's fine, other people find them useful and that's okay.
Think "and" instead of "or".
Re:Mass Layoffs and Absentee Bosses Create a Morale Crisis a...
by selimnairb on Wednesday April 12, 2023 @05:13PM
(#35547036)
I agree. VR will have killer apps in particular domains, but that doesn’t mean it will be used by everyone all of the time. For example, I work in ocean mapping where we have large amounts of point cloud data that need occasional manual editing/QAQC in an environment that matches the dimensionality of the data. My colleagues are working on some very interesting VR point cloud editing tools [1].
So far the crypto orgs have called a centralized institution called law enforcement...