Casa Client Case Study: The Tinder Trap • Hacker News Board

Re: Casa Client Case Study: The Tinder Trap

#61

Post by Andrew_nenakhov » Fri, Jul 09, 2021, 2:48 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

As a person living in an authoritarian state, the inability of the government or other authority to reverse a payment looks like a very attractive feature to me. Yes, it does have downsides. They just don't look as troublesome as being completely cut off all financial services with a simple stroke of a pen - which was experienced by many members of political opposition in my country.

"... but but Drugs! Criminals!" is what common people say at this point, to which I answer that drugs and crime flourished long before Bitcoin came to exist.

Re: Casa Client Case Study: The Tinder Trap

#62

Post by Cthulhu_ » Fri, Jul 09, 2021, 2:48 PM UTC

tablespoon wrote: post #23

abstractbarista wrote: post #8

While the article seems part-advertisement, the risk is real. Best not to let strangers know your worth, and use multi-factor authentication everywhere. It's a disgusting (and beautiful) world we live in!

> While the article seems part-advertisement It's all advertisement. The first paragraph is "Spoiler alert: their funds secured via Casa multisig remain safe." > the risk is real. I'm not so sure, I think there's a good chance this was made up. Unless this victim let on how much cryptocurrency he had early on in the conversation, this whole scenario seems too high-risk/low-reward to be very real. I mean, a Tinder acc…

Here's one take: You don't go around calling yourself a crypto trader if you do not have a significant stake. The victim engaged with the thief because they too had "I am a crypto trader" in their bio, which indicates they may be equally wealthy. It's a kind of financial classism, common financial ground, possibly "falling into wealth" from low investments, etc.

Re: Casa Client Case Study: The Tinder Trap

#63

Post by sombremesa » Fri, Jul 09, 2021, 2:48 PM UTC

statoshi wrote: post #37

polote wrote: post #3

Honestly I wouldn't put too much trust into a SEO blog article. A better title would be. "If you get drugged and use Casa, you will be able to save your money"

You're free to believe that I (the author) made up this story. I'm not a fiction writer; the Bitcoin security space is exciting enough without needing to waste time making stories up. I'll note that we have seen several folks report being victims of similar attacks since we published this article. https://twitter.com/Disruptepreneur/status/14131498654759075... https://twitter.com/jayzalowitz/status/141316518720545588…

FYI this comment actually had the effect of confirming that the story is all but made up - there is nothing remotely resembling evidence anywhere, including in this ostensibly defensive comment.

Re: Casa Client Case Study: The Tinder Trap

#64

Post by 0xEFF » Fri, Jul 09, 2021, 2:49 PM UTC

gruez wrote: post #41

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

>I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. What about the stories of companies being scammed via wire transfer?

The only time average people wire money is when they close on a mortgage.

Re: Casa Client Case Study: The Tinder Trap

#65

Post by user-the-name » Fri, Jul 09, 2021, 2:49 PM UTC

drcode wrote: post #50

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

Ethereum has had a couple of reversible payment systems built over the years, but nobody used them. Non-reversible, immediate, guaranteed transactions are just more convenient outside of a few edge cases

Similarly, outside of a few edge cases, it is a lot easier and cheaper to build a house with no fire protection whatsoever.

Re: Casa Client Case Study: The Tinder Trap

#66

Post by user-the-name » Fri, Jul 09, 2021, 2:51 PM UTC

BelenusMordred wrote: post #31

polote wrote: post #3

Honestly I wouldn't put too much trust into a SEO blog article. A better title would be. "If you get drugged and use Casa, you will be able to save your money"

> SEO blog article The writer is Jameson Lopp. There's good solid advice in there for anyone, not just crypto holders, yes he's promoting his own company but it's a big stretch of the imagination to say the bloke is some SEO spammer. https://www.lopp.net/

If it's Jameson Lopp, I would assume the whole story is just plain made up.

Re: Casa Client Case Study: The Tinder Trap

#67

Post by jpmattia » Fri, Jul 09, 2021, 2:51 PM UTC

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

> I am yet to work with a payment method that does not support reversal (except for physical cash).

I'm not sure I get your objection: Physical cash is exactly the use case for bitcoin.

There will be financial services and other layers built on top of bitcoin, just as it is done for the dollar, and we are seeing the nascent industry now. (Whoever provides insured services first is going to make a mint.)

Re: Casa Client Case Study: The Tinder Trap

#68

Post by jcpham2 » Fri, Jul 09, 2021, 2:51 PM UTC

amarant wrote: post #59

jcpham2 wrote: post #42

Earlier quoted context omitted.

reversible payments equals double spending, which is fraud, which is your payments industry. read the white paper start over. do not collect $200

Because crypto-weebs would never ever make a mistake, ever. So clearly this is better. Sigh

not my protocol, nor am I OP who lacks technical understanding of question asked

I guess when I don't answer question nicely enough for the anti-crypto cunts I get downvoted for it, as if HN opinions even matter any more

Re: Casa Client Case Study: The Tinder Trap

#69

Post by _Nat_ » Fri, Jul 09, 2021, 2:51 PM UTC

ramesh31 wrote: post #39

vishnugupta wrote: post #36

I've been working in the payments industry on and off for 15 years. I am yet to work with a payment method that does not support reversal (except for physical cash). As a last resort victims can file chargeback with their issuers or police. To begin with there are several layers of protection built in at acquirer, issuer, network and so on. Almost at each step there's an option to reverse the payment (or issue a comp…

>Are there plans to build equivalent features on Blockchain for crypto currencies? The entire plan of crypto is to not ever allow that. That's the big innovation.

> That's the big innovation.

You're right that a lot of folks don't want features like that, though I just had to point out that this isn't an "innovation" by any wild stretch of the imagination, but rather simply a policy in some implementations.

It's mutable, too, for both banks and crypto: either could allow/disallow such a policy if those involved cared to make it work that way.

Re: Casa Client Case Study: The Tinder Trap

#70

Post by akarma » Fri, Jul 09, 2021, 2:51 PM UTC

> If a stranger mentions being into crypto but then does not actually seem to know much about it, consider that they may simply be fishing for a specific type of victim.

Or, more likely, they're just trying to impress you and find common ground! I've seen this many times on dating apps but have never been drugged.

A lot of this advice is great, regardless of whether you're into crypto, but this point is a bit much.