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/biz/ - Business & Finance

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File: 297 KB, 1080x1100, the future of finance.jpg [View same] [iqdb] [saucenao] [google]
51506623 No.51506623 [Reply] [Original]

LADIES AND GENTLEMEN: THIS IS THE FUTURE OF FINANCE!

>> No.51506663

>>51506623
This guy lost 70 bucks tell him to go suck cock.

>> No.51506665

>>51506623
Sorry no Refunds!

>> No.51506674

>manually typing address
>Crying post over $70

>> No.51507011

>>51506663
>>51506674
This is precisely OPs point.
If you take a hot chick for some eats and go pay with your last $70, they come back with:
>ooh we put it in the wrong waitress, you'll need to pay again
You gonna be fucking pissed too.
>JUST $70
its not, its the principle.
a shitfest is, and remains, a fucking shitfest.

>> No.51507027
File: 157 KB, 500x373, file.png [View same] [iqdb] [saucenao] [google]
51507027

>>51506623
Guys stop making fun of him. This Redditor just lost his entire life's savings

>> No.51507055

>>51506623
they'll probably just shorten addresses to aliases/names in the future. probably add some sort of security measure to make sure RETARDS don't misspell or send funds to the wrong alias.

>> No.51507057

>>51507011
If they put in the wrong address then they are at fault for being braindead cretins
Are you expecting a customer to double pay because of a wagie fuckup? Are you retarded? If I gave a waitress $70 for a bill and she lost it on the way to the till I'm not going to pay her again.

>> No.51507067

>>51507055
That'll happen UI side, as long as it doesn't happen on chain it won't be public and therefore won't compromise privacy
In fact many UIs already do this

>> No.51507086

>>51507011
Yes and nobody is pretending this trash is useful for routine payments with the utterly trash UI, UX, and utter lack of adoption. It's been over a decade and crypto is totally unusable for anything "normal" in the day of 99.9% of the population and when it finally is even somewhat usable it won't be "crypto". We're here to gamble, simple as.

>> No.51507128

>>51507011
>>51506623

In the future Blockchain transactions will all be handled by A.I. there won't be any mistakes.

>> No.51507143

>>51507011
>>51507086

Wtf are you retards talking about? You are comparing credit card payments with crypto payments? Credit cards are a payment system, which can be used to pay in crypto or any other currency. It is not comparable to decentralization, trustless, censorship resistant, pseudo-anonymous, irrevocable, settlements like on-chain transfers.

On-chain is absolute power. If I want to sent my coins to the wrong address you can't stop me.

>> No.51507152

>>51507143
Cool you can lose your money that's very useful for....people that want to larp as homeless?

>> No.51507203

>>51507152

What if I want to send to a new address? Or for bitcoin a change address? This is low level shit though that the user will never use, its automated by wallet software. You are blaming crypto for some shitty UI that allowed this retard to enter an invalid address. And credit cards can charge in USD, EURO, etc. they could just add crypto for the downies who can't handle a wallet and need supervision.

>> No.51507253

>>51506623
And which blockchain allows you to reverse transactions when you are retarded enough to send to the wrong address?

>> No.51507281

its not hederas or binances fault that this guy is a retard. He should use hederas low fees to send that wallet a 0.1hbar transaqction with a memo saying "bro i sent wrong adresss may you please send back". hedera seems to be the least niggardly userbase so its only 100$...

fukin reddit

>> No.51507340

>>51506674
I can get a hitman for less than that here in south america, and for indians and africans that's even more money than it is in here.
You first worlders have it easy.

>> No.51507495

1 hbar is worth $.05 now I could approach most mics in most cities and say that line and walk off the stage to rousing applause and side splitting laughter

>> No.51507550

>>51506623
FUCKING KEK
ITS THE MOST EASY CHAIN TO ENTER ADDRESSES MANUALLY
HOLY FUCKING SHIT

>> No.51507625

>send package to the wrong address
>TE FuTuRe oF LoGiStIcS

>> No.51507633

>>51507152
the value is having complete custody over your money. the problem is having complete custody over your money is a lot of responsibility. It can be stolen, you could get scammed, you could lose it. This is the equivalent of cash through the mail in an envelope with the wrong address on it, they should have been more careful with those funds you have 100% custody of.

>> No.51507637

No one pays with gold or silver either. Its not that they've changed is junk it's that We're all trying to guess which tokens will be valuable down the line. By the time the UIs are ready for normie use we'll be past the investment opportunity point. Not everything is meant for payments anyway. Don't know why anons get so hung up on this

>> No.51507657

>>51507637
*it's just

>> No.51507683

>>51506623
>1400
>basically one day worth of wages
Oh no it’s over

>> No.51507719

>>51507011
No your example is completely inaccurate. It would be closer to you being seated at table 3 but going to the front and pay for table 4's bill by mistake. It's entirely on you. Copy/Paste exists for a reason.

>> No.51507985
File: 512 KB, 785x757, 1663562527571.png [View same] [iqdb] [saucenao] [google]
51507985

>>51507625
>send package to the wrong address
>TE FuTuRe oF LoGiStIcS
If postal addresses were just a bunch of similar arbitrary numbers and sending parcels were somehow one way only, then yes it would be a similar comparison. However it isnt because thank fuck the real world is nothing like that.

>> No.51508092

>>51507985
>apartment building
>write the wrong number
>ThE FuTuRe Of LoGiSTiCs
just write the correct number, simple as

>> No.51508117

>>51506623
poor

>> No.51508142

>>51507011
If I send cash money via mail to the wrong address, that’s on me. This idiot is lucky they didn’t send anything over a grand

>> No.51508158

Idiot Tax

>> No.51508228

>>51507011
>give random person on street $70
What do you expect that'll happen?

>> No.51508237

>>51507625
>>51508092
>>51508142
Post has multiple checks on false addressing. Shit will get routed on Zip/Postcode but end delivery is pretty much up to the postman.
If the address has a minor mistake, or just the street but no number, theyll generally revert to the name or local area knowledge for a best attempt delivery. What they won't do is take a letter where a 0 got added to the number, whether manually or some copy/paste error, and toss the delivery irrecoverably over a fence into a vacant lot where that address *might be*, if it existed.

>> No.51508260

>>51507637
Thats the thing thoigh. Crypto is being used as hedge fund and speculative asset not as an actual currency. It has no future as an actual means for people to pay for things.

Its just something people hold in the hopes of cashin out to fiat and make money.

>> No.51508573

>>51508237
If you send something to an apartment building and you send it to the apartment 23 instead of the 32 and both numbers exist in the same building, YOU lost the package. Not the postman.
You can argue that the adresses used for crypto are fucking long and convoluted (they are) but if you are transfering crypto around you already accepted the compromise that the adresses are messy so YOU are the one at fault for not double, triple or quadruple checking something that you already know is the way it is.

>> No.51508665

>>51507011
It's more like putting in the wrong code on a vending machine and getting a water instead of a coke

>> No.51508700

>>51507057
low IQ take detected, the waitress is the bank and there is no such thing protecting you when you send internet magic beans.
Look at your shitcoin chart and try to realize that others found out about this basic truth as well.
Your whole magic bean meme is useless, are ya winning, son???

>> No.51508718

>>51507011
Yeah. Imagine me high out of mind on ketamine trying to pay for something. Fuck that

>> No.51509958

>>51506623
Yes it is, if it wouldn't be there wouldn't be banks on GC.

>> No.51509984

>>51507011
If I give my 70$ to a hobo instead of the waitress, the restaurant won't give me a free meal either.

>> No.51510016

>>51506623
lol y'all plebs laughing at him but atleast he had 70 bucks in crypto , you plebs got zilch

>> No.51510056

>>51507011
>>51507086
>>51507128
>>51507719
>>51508665
>>51508718
>>51509984
How is it possible that you have not heard of QR codes, the crypto standard for payments outside of desktop systems? Literally no one uses addresses on his phone. No one would pay food to some address. It's been that for years already. Did you literally all join last week?

>> No.51510080

>>51507055
>they'll probably just shorten addresses to aliases/names in the future. probably add some sort of security measure to make sure RETARDS don't misspell or send funds to the wrong alias.

you could have a service like the world wide web but such things cost money and energy

>> No.51510092

>>51506623
>>51507011
>>51507086
My local musical instrument repair shop sent me by mistake 500 € via bank transfer because I share the same first name as the guy he was making a payment to. He had to personally contact me via phone call to get the money back, as banks don't revert transfers either. He did the transfer via the bank's app that sorts contacts by name and phone number, because nobody is gonna memorize IBAN numbers and SWIFT codes.

What are you even arguing? Wrong bank transfers happen all the time. People make mistake with phone numbers and email addresses all the time even though those are much simpler and they use those all the time. If this is really such a big issue, wallet addresses could be wrapped around usernames, email or phones by a third party app. It's not an unsolvable issue.

By the way, I've seen people send crypto to their families in places like Venezuela and Argentina. If a bunch of old ladies can receive money through their wallets and sell it for USD in a P2P market then it's not rocket science.

>> No.51510096

>>51507143
>It is not comparable to decentralization, trustless, censorship resistant, pseudo-anonymous, irrevocable, settlements like on-chain transfers.

thing is nobody wants or needs any of that just to pay for a pizza

>> No.51510104

>>51507637
>By the time the UIs are ready for normie use

its been 10 years and there is no progress towards that and no real demand for it.

>> No.51510436

>>51507128
kek. can ai make hbar reach $50 already

>> No.51510474

>>51507128
>>51510056
This doesn't need nor QR codes nor AI. Crypto devs are just the lowest of the lowest scum among programmers. They are too fucking stupid to add some control sum to addresses to avoid this kind of mistakes. Even ISBN (International Serial Book Number) has one, so typos are detected.

>> No.51510490

>>51507011
This anon is a faggot.

>> No.51510496
File: 23 KB, 660x350, 1663580435015.png [View same] [iqdb] [saucenao] [google]
51510496

>>51506623
The normies have not heard about .hbar domains?
send.hbar
binance.hbar
assman.hbar
You can use these instead of the wallet #
Now it takes a special retard to misspell something so simple.
Picrel is mine, max length domain name, completely unique

>> No.51510548

>>51506623
One of the most important contributions of crypto is that it punishes retardation, recklessness, degeneracy and normie-entitlement. It cultivates personal responsibility instead of treating you like a child.

>> No.51510582
File: 182 KB, 742x450, 1617778200836.jpg [View same] [iqdb] [saucenao] [google]
51510582

>>51508237
>toss the delivery irrecoverably over a fence into a vacant lot where that address *might be*, if it existed.
topkek

>> No.51511029

>>51506623
NOOOOO MUH HECKIN 70 POUNDS

Lmao, what a fag.

>> No.51511132

>>51506623
skill issue

>> No.51511541
File: 49 KB, 950x600, basedman.jpg [View same] [iqdb] [saucenao] [google]
51511541

>>51506623
>banks warn you to not lose your dollar bills because if you do it's gone
> lose some dollar bills
>okay

>exchange warns you to not send crypto to wrong address
>end crypto to wrong addres
>NOOOOOOOOO THAT'S NOT FAIR PLEASE HELP ME IT'S STILL MY MONEY!

>> No.51511735

>>51507011
calm down you spaz
hbar is a shitcoin, and binance is for normalniggers who want to gamble
your complaint is more akin to this
>go on casino website
>trade dollars for casino chips
>lose it all
>"imagine trusting ONLINE banks with your money lmao, this online thing is retarded"

>> No.51512091

>>51510096

Then they can use a credit card, retard. Crypto doesn't mean you can't use a credit card. Credit cards aren't a currency they can be used with USD, EURO, CAD, BTC, ETH, wtf. the want. Same with venmo or paypal, they are not currencies they work with any currency, it just has to be added to the platform

>> No.51512885

does hbar not use a checksum in their address encoding ?
Genius tech that does not even take into account UX