03-12-2023, 09:24 AM
Crypto is the reversal of the one-mistake-doctrine and that's a terrible flaw
<!-- SC_OFF --><div class="md"><p>We've probably all read about that guy who lost 200k Dollars on his 25-word hard wallet because he made a mistake and signed some transaction that he shouldn't have signed. Basically he made one mistake and his live savings were gone.</p> <p>In Criminology thee is that one-mistake-doctrine that basically states that law enforcement can make several mistakes in the course of an investigation, but a criminal can only fuck up once and he'll be caught. The Criminal has the disadvantage.</p> <p>Now with Crypto, this principle is reversed. If you are Mr. Random Joe with his hard Wallet, like the 200k-Guy, you do everything by the book for years and then, because you are in a hurry or because you are distracted you fuck up. Once!</p> <p>Boom, your money is gone. But the Hackers, if they don't get your money, they'll just try again.</p> <p>It's basically the reversal of the risk that the bad guys have to rob the "good" Guys. And the implications of this for mass-adoption are catastrophic.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HODL-THE-LINE"> /u/HODL-THE-LINE </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11ownzr/crypto_is_the_reversal_of_the_onemistakedoctrine/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11ownzr/crypto_is_the_reversal_of_the_onemistakedoctrine/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>We've probably all read about that guy who lost 200k Dollars on his 25-word hard wallet because he made a mistake and signed some transaction that he shouldn't have signed. Basically he made one mistake and his live savings were gone.</p> <p>In Criminology thee is that one-mistake-doctrine that basically states that law enforcement can make several mistakes in the course of an investigation, but a criminal can only fuck up once and he'll be caught. The Criminal has the disadvantage.</p> <p>Now with Crypto, this principle is reversed. If you are Mr. Random Joe with his hard Wallet, like the 200k-Guy, you do everything by the book for years and then, because you are in a hurry or because you are distracted you fuck up. Once!</p> <p>Boom, your money is gone. But the Hackers, if they don't get your money, they'll just try again.</p> <p>It's basically the reversal of the risk that the bad guys have to rob the "good" Guys. And the implications of this for mass-adoption are catastrophic.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HODL-THE-LINE"> /u/HODL-THE-LINE </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11ownzr/crypto_is_the_reversal_of_the_onemistakedoctrine/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11ownzr/crypto_is_the_reversal_of_the_onemistakedoctrine/">[comments]</a></span>