this post was submitted on 16 May 2024
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277
MIT Students Stole $25 Million In Seconds By Exploiting ETH Blockchain Bug, DOJ Says (slashdot.org)
submitted 5 months ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 5 months ago (1 children)

Honestly if I get scammed I don't have the time nor money to fight it, sounds like mostly protection for those at the top

[–] [email protected] 7 points 5 months ago (1 children)

If you get scammed using FIAT you can just call your bank and they can issue a chargeback through the card provider, especially if it's credit.

[–] [email protected] 1 points 5 months ago* (last edited 5 months ago)

That may be true. But then the transaction fees are at the mercy of the credit card company. My aunt pays 3% of all card transactions damn near. That's pretty spicy.

I can't wait for the day companies like VISA or Mastercard become obsolete. Please save my aunts small business from predatory transactions fees. ♥