81–90 of 119 posts
Earlier quoted context omitted.
Well, it is also possible to send money to the wrong account number by bank transfer. In that case the banks also generally say that they cannot do anything about it.
Wrong account is one of the three specific scenarios the National Automated Clearing House Association permits an ACH reversal for. (The others are wrong amount and duplicate transactions.)
The most downvoted comment in the Github issue seems totally right.. why did this guy put his life savings in a crypto? Even without making any mistake this seems like a dumb move.
> why did this guy put his life savings in a crypto Good point, (which was my first reaction.) But consider this: If, when you were young, you bought a few $1000 of Microsoft stock, Apple stock, Google stock, ect, when they went public, that investment could have grown to be the majority of your life savings. Perhaps dawidkabani13 just happened to buy some tokens at the right time? A lot of people don't save. Otherwi…
It is absolutely valid to do risky investments. Just as others have written you don't do them with your live savings. I really thought people would know that by now.
Aavegotchi setup a donation fund to help out the guy: https://www.reddit.com/r/ethereum/comments/ke2hxz/aavegotchi...
It’s a similar fact pattern to Citigroup v. Brigade Capital Management (which seems like it could go in Citigroup’s favor).
Of course it seems like the Aveegotchi person is being really nice about this so I don’t think it would be right to sue him, but if I’d just lost my whole life savings maybe I’d think differently.
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So what? The comment is totally off topic and contributes nothing except to call the guy an idiot. The Github issue is not the right place to do that.
I agree that the comment is a bit harsh but it may add something to the discussion. Hopefully it is a warning to others to not go this path. Where else would you leave such a warning if not in the actual thread?
The most downvoted comment in the Github issue seems totally right.. why did this guy put his life savings in a crypto? Even without making any mistake this seems like a dumb move.
> why did this guy put his life savings in a crypto Good point, (which was my first reaction.) But consider this: If, when you were young, you bought a few $1000 of Microsoft stock, Apple stock, Google stock, ect, when they went public, that investment could have grown to be the majority of your life savings. Perhaps dawidkabani13 just happened to buy some tokens at the right time? A lot of people don't save. Otherwi…
If you bought $100 of crypto back in 2008, then when the price swung rapidly and it became a substantial proportion of your net worth, you probably should have thought "I only invested a token amount as a joke. Has anything changed since then? If not, I should sell all except the token amount I actually intend to own".
The most downvoted comment in the Github issue seems totally right.. why did this guy put his life savings in a crypto? Even without making any mistake this seems like a dumb move.
So what? The comment is totally off topic and contributes nothing except to call the guy an idiot. The Github issue is not the right place to do that.
The most downvoted comment in the Github issue seems totally right.. why did this guy put his life savings in a crypto? Even without making any mistake this seems like a dumb move.
> why did this guy put his life savings in a crypto Good point, (which was my first reaction.) But consider this: If, when you were young, you bought a few $1000 of Microsoft stock, Apple stock, Google stock, ect, when they went public, that investment could have grown to be the majority of your life savings. Perhaps dawidkabani13 just happened to buy some tokens at the right time? A lot of people don't save. Otherwi…
And if you did it in lots of other promising stocks at the same time, it would have been a major error.
If you have reliable information from the future, sure, it makes sense to dump your life's savings into one basket that is going to pay off. Or if you are young and your “life’s savings” is a trivial fraction of even your annual surplus income, it might make some sense to take an all-in risk speculatively. But, generally, it's a bad idea.
Earlier quoted context omitted.
It sounds dumb to you (and to me for that matter), but plenty of people have made a lot money like that (and plenty who have lost it). Regardless, neither me, you, or the down voted commenter are in a position to tell him he's dumb for doing it. Maybe there is good reason, maybe there isn't, it's not up to us to tell him he's right or wrong in this scenario.
Occasionally people get rich playing roulette, per a sibling comment. Occasional good luck doesn’t validate a bad decision making process.