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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
by Rantenki 3y ago
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.
- JohnFen 3y agoOf the things that make cryptocurrency something I want to avoid, the irreversibility part is the biggest problem.
- astrange 3y agoNothing 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.
- JohnFen 3y agoMost (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.
- yellowapple 3y agoI'm guessing you avoid cash for the same reason?
- chii 3y agoif 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.