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  1. GeniusMusing (geniusmusing@nu.federati.net)'s status on Friday, 06-May-2022 12:52:58 EDT GeniusMusing GeniusMusing
    So... explain why I would want to get in this crypto thing?

    They do have insurance for this kind of thing correct?

    A Typo Sent $36 Million of Crypto Into the Ether CNET
    https://www.cnet.com/personal-finance/crypto/a-typo-sent-36-million-of-crypto-into-the-ether/

    >One of the key selling points of the blockchain is that it's immutable: Once data is processed, once a transaction occurs, it can't be undone. One of the most painful downsides to the blockchain? It's immutable. If human error causes something to be sold for the wrong price or money to be sent to the wrong place, reversing it can be difficult or even impossible.
    >
    >That is the unfortunate place developers of the Juno cryptocurrency find themselves. A community vote had decreed that around 3 million Juno tokens, worth around $36 million, be seized from an investor deemed to have acquired the tokens via malicious means. (This in itself was a big crypto news story.) The funds were to be sent to a wallet controlled by Juno token holders, who could vote on how it would be spent.
    >
    >But a developer inadvertently copy and pasted the wrong wallet address, as reported by CoinDesk, leading to $36 million in crypto being sent to an inaccessible address.
    >...
    In conversation Friday, 06-May-2022 12:52:58 EDT from nu.federati.net permalink

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      A Typo Sent $36 million of Crypto into the Ether
      from CNET
      Developers of the Juno cryptocurrency meant to send $36 million in tokens to a community-controlled wallet. Human error sent it to an inaccessible address.
    1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Friday, 06-May-2022 13:44:12 EDT lnxw48a1 lnxw48a1
      in reply to
      @geniusmusing Thanks for this post. I was just investigating #Juno recently as one of the ways a future venture might receive payments.
      .
      As I understand it, a lot of online & mail order retailers have issues with chargebacks after the product has been delivered, so accepting payments in #cryptocurrency can be a way to reduce such fraud.
      In conversation Friday, 06-May-2022 13:44:12 EDT from nu.federati.net permalink
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