alt Hacker NewsNah. I'm definitely going to blame the people who built a trivially exploitable system and got rich off it while everyone else has to deal with the consequences.
By the way, you didn't commit theft. It's more like credit card fraud. User just disputes the charge and it kind of disappears. The banking system just absorbs it, because the optimal amount of fraud is non-zero.
https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra...
It's all priced in. They could have made it secure but didn't, because they figured they'd lose more sales and therefore money due to the friction added by the security.
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Not every system that's exploitable is the deliberate result of cut corners. If you threw enough compute at exploiting a Casio calculator you could get somewhere.
> User just disputes the charge and it kind of disappears. The banking system just absorbs it,
No it doesn’t.
> It's all priced in.
So you admit awareness that fraud loss doesn’t kind of disappear.
We all pay for it, either via higher merchant fees or higher interest rates, sometimes both, on card purchases.