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Klarna users are being signed in to random accounts

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475 points danielstocks | 1 comments | 27 May 21 10:28 UTC | HN request time: 0.202s | 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.

detaro ◴[27 May 21 11:58 UTC] No.27301939[source]▶
Because crypto exchanges and smart contracts are such a shining beacon of bugfree code?
replies(1): >>27302082 #
def_true_false ◴[27 May 21 12:17 UTC] No.27302082[source]▶
It's more about incentive alignment, and lack of free get out of jail cards -- people tend to assume you can just roll back fraudulent fiat transactions. Fuck up in crypto? Poof, the money is gone...

Compared to legacy finance, the exchanges are indeed bugfree. I would sooner trust Binance security team than people who think SMS is enough of a second factor. Never mind all the 'European unicorn' challenger 'banks'.

replies(1): >>27304772 #
243423443 ◴[27 May 21 16:15 UTC] No.27304772[source]▶
"you can just roll back fraudulent fiat transactions. Fuck up in crypto? Poof, the money is gone..."

Do you know why Ethereum Classic exists?

replies(1): >>27312509 #
1. def_true_false ◴[28 May 21 07:01 UTC] No.27312509[source]▶
I'm well aware of ETC. It's not going to happen again on Ethereum, with any level of certainty, anyway. So crypto exchanges and similar won't be able to count on that.