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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: 0.205s | 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.

croon ◴[27 May 21 12:16 UTC] No.27302075[source]▶
People can't use bitcoin without offloading transactions outside of the blockchain, which means entrusting an exchange, which could and probably has the same issues as Klarna.
replies(2): >>27305478 #>>27312551 #
timdaub ◴[27 May 21 17:15 UTC] No.27305478[source]▶
I'm not sure what you mean. Can you elaborate on that?
replies(1): >>27312765 #
1. croon ◴[28 May 21 07:50 UTC] No.27312765[source]▶
10 transactions/sec means you are trading somewhere off-chain, meaning you entrust someone else with verification on your transaction until all those transactions are cleared on-chain. Meaning you are just trusting a bank (or non-bank) anyways, but with bitcoin buzzwords on top.