Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Casa Client Case Study: The Tinder Trap

blog.keys.casa

Post reply on HN
Print view View original

101–110 of 211 posts

Re: Casa Client Case Study: The Tinder Trap

#101

Post by pelario »

hn_throwaway_99 wrote: post #45
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? Basically every crypto enthusiast out there touts the non-reversibility of crypto transactions as its primary feature , not a bug, and that is why I see crypto as generally useless for your average person.

Not a fan of crypto, but your argument applies to cash, wish is still widely used (not only by shady people ;) )

Re: Casa Client Case Study: The Tinder Trap

#102

Post by vbuterin »

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…

The closest thing to those concepts in crypto would be multisig wallets, including more advanced ones that enforce a "daylimit" where a single key can withdraw a small amount but larger amounts require confirmations from multiple keys or a delay during which another key can cancel the transfer.

See also this piece by me on social recovery (a related but not quite the same concept): https://vitalik.ca/general/2021/01/11/recovery.html

But this is all not quite the same as reversal and makes different tradeoffs.

Re: Casa Client Case Study: The Tinder Trap

#103

Post by yebyen »

0xEFF wrote: post #64
gruez wrote: post #41

Earlier quoted context omitted.

>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.

And for someone that has never done it before, it's absolutely terrifying – probably the most money you've ever spent in your life in a single transaction, with zero visibility into whether the transaction has worked, and fraud warnings in big red letters to let you know that if you're going to get robbed or scammed, it's probably right here that it will happen.

And be prepared to wait 24 - 72 hours for final confirmation!

Re: Casa Client Case Study: The Tinder Trap

#104

Post by Nursie »

seibelj wrote: post #93
dannyw wrote: post #80

Earlier quoted context omitted.

Ehh, for a lot of people $500 is the "I'd rather just move on" amount. If that happened to me I would move on, particularly because you don't know the criminals here and whether they'd seek retribution if you made a police report. If someone roofied you, they'd probably be willing to do worse things to you if you hassled them. Just some advice; speaking from life experiences.

A person drugging you at a bar, illegally entering your house, and then robbing your bank accounts. Felonies on top of felonies!

Yeah that's not just $500 down the tube, that's a whole lot of other violations on top, and very serious regardless of the money. Definitely something to report ASAP.

Re: Casa Client Case Study: The Tinder Trap

#105

Post by throwaaskjdfh »

echelon wrote: post #32
break_the_bank wrote: post #20

Earlier quoted context omitted.

I suppose you can have a spend wallet and a net worth wallet.

This is all too complicated for all but a handful of people. Crypto just doesn't work. It's far more harm than good. Every time a weakness is unveiled, we get hand waving from those most invested. It's bad for the environment, bad for crime, bad for laymen, undemocratic (vote with money), no knobs to adjust monetary/fiscal policy, and it poses as an alternative to government institutions that serve society with thing…

Moreover I don't see how free a society would be if cryptocurrencies became widely accepted and early adopters began to pass cryptocurrency inheritances from one generation to another. The descendants of the early adopters would be a new type of landed gentry, with a mathematical moat. It doesn't seem like a reasonable way to organize society.

Re: Casa Client Case Study: The Tinder Trap

#106

Post by analyst74 »

unrelated, but this basically describes a large number (possibly majority) of tinder profiles.

> Compare the person's profile photo when you meet them in real life. If it is questionable that the photos are actually of themselves, that is a red flag.

Re: Casa Client Case Study: The Tinder Trap

#107

Post by m3kw9 »

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…

Sort of reminds me of killing flies with a tank gun, they have done hard forks of the block chain for huge sums before.

Re: Casa Client Case Study: The Tinder Trap

#108

Post by morpheos137 »

cortesoft wrote: post #84
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…

Yeah, this is the part of the cryptocurrency I don’t understand… i feel most people are way more likely to need to have a charge reversed because of fraud than to have some payment to them reversed in fraud…why would we want to make the more likely situation impossible to protect against the more rare situation?

Well obviously core users of Bitcoin like ransomware artists don't want their gainz reversed. Most people who really use (as opposed to hodl) bitcoin outside of speculation are criminals.

Re: Casa Client Case Study: The Tinder Trap

#109

Post by hooplah »

hn_throwaway_99 wrote: post #45
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? Basically every crypto enthusiast out there touts the non-reversibility of crypto transactions as its primary feature , not a bug, and that is why I see crypto as generally useless for your average person.

It is for merchants. Chargebacks are abused and can kill your profitability in certain industries. Stripe and PayPal label these has high risks and will shut your account down if you receive too many chargebacks.

As someone who uses crypto on both ends, I think no reversal is the fairest way. Both sides lie, but the customer lies quite a bit and is usually favored in CC reversals.

Re: Casa Client Case Study: The Tinder Trap

#110

Post by swiley »

Cthulhu_ wrote: post #46
papito wrote: post #26

Earlier quoted context omitted.

I got roofied once in a bar and the next thing I knew I was going back to my place in the back of a car. They gave me weed, too. You are completely out of it, you will say whatever they ask you. This is how truth serum works, at its core. So, the girl(s) called Chase posing as my wife and transferred $500 out of my account. A nice chunk of cash, but not too greedy so I could let it go and not pursue it any further. Y…

It's kinda scary that they can order a cash transaction via phone. Is there no identity verification at all?

None of this stuff is authenticated the number on your credit card is an ID number not an auth secret, and if you make a habit of it your bank will cash personal checks from you written on notebook paper.

The idea is that fraud is already illegal and there are methods for dealing with it.

Post reply on HN