News for hackers. Stuff that matters.

A comment on Mass Layoffs and Absentee Bosses Create a Morale Crisis at Meta. Parent comment

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.
[ Parent | on HN ]
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.
[ Parent | on HN ]
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.

[ Parent | on HN ]
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.
[ Parent | on HN ]
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?
[ Parent | on HN ]
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.
[ Parent | on HN ]