The suspected-bot buyer also paid very high "gas" fees - which determine how quickly the Ethereum network processes a transaction - of 8 ETH ($32,000), to ensure the sale went through almost instantly.

Imagine if money charged you $32k on a $3k purchase to process that sale "almost instantly". NFTs should be an opt-in card for organ donation.

  • axont [she/her, comrade/them]
    ·
    3 years ago

    I'm assuming every single one of those instances had at least some protocol for reversing or mitigating the mistake/scam. Crypto has literally nothing and it's a feature, not a bug. Not to give praise to investment bankers or government financial agencies, mind you.