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Crypto is the reversal of the one-mistake-doctrine and that's a terrible flaw

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by COINS NEWS 107 Views

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.

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.

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!

Boom, your money is gone. But the Hackers, if they don't get your money, they'll just try again.

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.

submitted by /u/HODL-THE-LINE
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