• 3 Posts
  • 16 Comments
Joined 1 year ago
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Cake day: June 10th, 2023

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  • amount of ETH in a smart contract

    I don’t have cryptocurrency. So that’s a no go overall. And making a wallet so I can purchase some ETH to enter into a contract is enough trouble for me to look elsewhere for the same services.

    If the person doesn’t respect their engagement, they must be penalized. In this scenario, there is no legal tool to ensure this.

    Surely if there has been a breach in contract then this could still go to court? Suing for a breach in contract is a thing. Admittedly this is far less convenient than a smart contract to handle this.

    I don’t think smart contracts (contracts administered by programming), are inherently a bad idea: but having them be so strongly tied into cryptocurrencies does make it a lot less attractive as a tool to a lot of folks. If I could deposit real world currency into them to use as escrow instead of having to go through ETH, I probably would have no problem entering into one with lower stakes for failure to follow through.













  • I swear everyone here is missing the point.

    The issue is scammers buy keys with stolen or fraudulent credit card info, then they sell those keys via key resellers like G2A to make money.

    Meanwhile the original sale gets disputed, and the sellers are hit with a chargeback, which means not only do the developers have to pay back the money they made, but they also LOSE money because of chargeback fees that credit card companies levy on them for the disputed transaction.

    It doesn’t matter that they can void the key that was fraudulently purchased, they still lost money on that sale because of the chargeback fee. That’s why they’re saying “please at least pirate it”, because in that case, while they’re not making a sale, they’re at least not losing money on the transaction.