131–140 of 837 posts
I lost 4.5K transfering USDT from Binance to Coinbase From time to time I check if the money is still there. The last time I asked Coinbase support they didn't even bother to answer me. I was not investing, one of my contractors unilaterally decided to pay me in crypto.
Why didn't you tell him that you wanted to be paid in real money?
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>Also at least with european banking, if you wringly send money to another account, it is also gone forever. Not true. The money is still legally yours if you can prove that it's a mistake or you were deceived, and can be recovered via the legal system if the recipient does not refund it voluntarily. Scammers just move the money away via other, less traceable channels before that can happen.
If caught quickly enough, like within a day, and the money is still in the receiving account, it is very easy to get your money back. As you say, scammers move money quickly, and they do so to avoid the money being refunded.
Aren't European bank accounts tied to real world identities?
I lost 4.5K transfering USDT from Binance to Coinbase From time to time I check if the money is still there. The last time I asked Coinbase support they didn't even bother to answer me. I was not investing, one of my contractors unilaterally decided to pay me in crypto.
> You are now the 265th person to do this but you contributed 45% of all the WETH in the contract.
265 people made a mistake which deleted their money. How is crypto still so broken at a fundamental level after over a decade of work.
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The problem with crypto is despite your explanation, I have no idea what any of your post means. Not any of it.
From what I understood of afidrya explanation (in a sub-comment): * there's a smart contract to which you can send ETH (directly), it sends WETH back * however the inverse operation (WETH -> ETH) is not done by sending the WETH, you're supposed to call a special conversion function of the contract I guess the smart contract only looks for ETH in its wallet (at its address), it ignores the WETH entirely, and thus the…
>Or a currency conversion machine where you can shove USDs in the slot to get EURs, but if you shove EURs in, to the shredder they go,
Very good explanation, thanks, though the machine you describe would not probably be called a "smart" ATM.
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So crypto is immutable, "code is law", decentralized, whatever, until people need to roll back transactions and use centralized exchanges because "they already solved these issues"? Seems like a whole lot of global warming just to re-invent a terrible imitation of banking...
> decentralized After reading Moxie's blog post on web3 [1] I feel it is a stretch to call anything Ehtereum-based decentralized anymore when this many applications use Alchemy or Infura as providers for their Ethereum nodes. [1] https://moxie.org/2022/01/07/web3-first-impressions.html
- exchanges
- mining pools
- mixers
- oracles
Also, core devs and all stable cryptos are "centralized" by definition. This whole ecosystem is just cancer to a traditional society. It's not an evolution.
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The problem with crypto is despite your explanation, I have no idea what any of your post means. Not any of it.
You are expecting to understand how a completely new and complex technology works from 5 lines of text. Imagine if someone tried to explain Kubernetes to you in 5 lines of text.
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>Centralized systems work like a web of tunnels - you can’t send “nowhere” or make a huge mistake You can totally make a 1 digit typo while making a bank transfer that results in all the money being lost. Perhaps you’ll recover it after years of litigation, but that’s really not guaranteed. https://www.theguardian.com/money/2019/dec/07/i-lost-my-1930... E: downvoted by upset bankers? :)
Bad example. IBAN ( https://en.wikipedia.org/wiki/International_Bank_Account_Num... ) for example has a two digit checksum that prevents this and similar simple typos.
No value was lost here... Since everyone can see this is unspendable, It's simply a donation to all other users in the form of burning coins and increasing the value of all other coins.
But he warmed the planet for no reason.