Tradfi laughs these things off like "oh, of course she got her money back, just a glitch" but I'm curious who and how many people need to be able to see a balance for it to exist.
Clearly, it's not just a screenshot (I can make a screenshot showing that I have all kinds of money). But it's also like we assume that if I had a paper or a screenshot or something they'd e able to reassemble my account from all the various transactions that have happened in the past. And I suspect that this is true: our financial system is such a complicated web that having an account actually get accidentally deleted is quite hard. So, while it's exciting, it's problem not the thing to worry about.
Bigger is that pretty much everyone in a developed nation must beg for permission to use their money and I don't think we've even begun to see how draconian the controls will be.
Tradfi laughs these things off like "oh, of course she got her money back, just a glitch" but I'm curious who and how many people need to be able to see a balance for it to exist.
Clearly, it's not just a screenshot (I can make a screenshot showing that I have all kinds of money). But it's also like we assume that if I had a paper or a screenshot or something they'd e able to reassemble my account from all the various transactions that have happened in the past. And I suspect that this is true: our financial system is such a complicated web that having an account actually get accidentally deleted is quite hard. So, while it's exciting, it's problem not the thing to worry about.
Bigger is that pretty much everyone in a developed nation must beg for permission to use their money and I don't think we've even begun to see how draconian the controls will be.