Dude reuses a private key all over the place and then throws a fit when someone gets it and takes his money. This is like wanting a lock company to give you money when you bought a new house, didn't change the locks, and the previous owner walked in and took the money from under your mattress.
And here we see why crypto cannot replace the real money system for mainstream consumers.<p>Real people reuse passwords. They forget passwords. They accidentally get a virus on their computer. They get tricked by fraudsters.<p>Crypto's main selling point- complete decentralization- means there is so fixing mistakes, no means to undo fraudulent transactions. Real people don't want that.
> Only I know the code, only I have access to my computer, I did not tell anyone my password.<p>> what's the problem with blocking it and returning the funds<p>> What's the point of seeing all existing transactions if they can't be stopped and reverted if stolen<p>Sounds exactly like the what the average person would think of crypto if it went mainstream.
Imagine if forgetting your bank account password meant your account was unrecoverable.<p>Or if a bug in the bank’s software meant you could lose your life savings.<p>Or if no transaction could be reversed, even in the case of obvious offline fraud?<p>All these things and more can be found in the incredible world of crypto.
This is nothing new. Most are aware of the general issues with crypto currency security. Interesting comment from network code maintainer..<p><i>We maintain the blockchain, which facilitates the transactions, nothing more...
If we had to revert your funds, we would have to convince the entire ecosystem to roll back the blockchain, to prior the block that moved your funds, and every transaction made since along with it... Not only that, it would then be a matter of fight between you and the thief of who got the first transaction out of your wallet...</i>
I created and operated some blockchains in the past. From experience I can confirm this attitude in this gh issue… people do no want decentralised chains where they are fully responsible for their own security. Knowing that if you’re extremely unlucky a pirate could even guess your seed. I suppose it’s also the reason why many users keep their money in managed wallets such as the ones of exchanges…<p>So… not sure why all the hype on cryptocurrency. It often doesn’t do what they advertise they do, and neither does the market want them to do it…
Money sans "managers" at the top is a system taking the long way to suicide. Money with incompetent managers is a ponzi scheme. Money with excellent management is a cult.