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Klarna users are being signed in to random accounts

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475 points danielstocks | 2 comments | 27 May 21 10:28 UTC | HN request time: 0s | source
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timdaub[dead post] ◴[27 May 21 11:25 UTC] No.27301664[source]▶
Sometime in the future, people will stop belittling crypto currencies when they realize that the digitization concepts of traditional finance technology providers are inferior to those of crypto currencies and blockchains. Putting safety and security first for anything that handles money makes sense.

The calls for "you don't need a blockchain, just use a database" will become less and less.

Edit: Of course, Hacker News hates this comment.

1. p49k ◴[27 May 21 12:19 UTC] No.27302105[source]▶
With Klarna, any fraud that results from this incident can and will be reversed thanks to both company and government regulations.

With crypto, anything but perfect opsec on the entire stack through which your money travels means potentially losing all your money irreversibly. I’ll take “just use a database” thanks.

replies(1): >>27305436 #
2. timdaub ◴[27 May 21 17:13 UTC] No.27305436[source]▶
OK, then let us take the German Wirecard case. It's real. Not just a hypothetical. Will all the money that has disappeared through this fraudulent and corrupt company all be "reversed thanks to both company and government regulations?"

Sorry to spoiler you but the answer is: no.