Christopher Allan Webber at 2016-12-05T05:34:54Z

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T-Rex warned us all the way back in 2004 (well, not of this specific hack, but of the general problem) but we didn't listen... http://qwantz.com/index.php?comic=338

Matthew at 2016-12-06T04:07:14Z

Christopher Allan Webber likes this.

nice comic .. I was saying pretty much the same thing when I first heard of credit cards back in the 1970s and I was only a kid back then.. its an obvious problem that always made me nervous about using credit cards, (or debit cards or anything else that has that same problem) I always said that to buy something you should only need to authorize a transaction for a fixed, agreed amount (the price of what you are buying)

no need to give any strangers unrestricted access to a bank account!


also if ALL parties involved in the transaction (ie buyer, seller and their banks) have to verify a transaction before it happens thats already a few verifications .. tokens could be opaque to anyone outside the transaction and totally useless to thieves.



is that too sensible for this crazy world?

Michael at 2016-12-09T01:58:46Z

James Dearing 🐲, Christopher Allan Webber likes this.

@cwebber@identi.ca no, banking institutions need to finally be held accountable. Unless we go back to cash only whatever replaces cards will be just as insecure

der.hans at 2016-12-10T03:19:46Z