commerce

Honey and Paypal enabled a massive scam for more than a decade, funnelling a wild amount of money into the pockets of bad actors at the expense of consumers, affiliates and merchants.

Important reminder: transparency in payments is a feature, not a bug. This behaviour on @slice (and Ethereum in general) would have been easily prevented.

It's also curious how gdpr and cookie banners have once again proven useless in protecting users from exploitative practices. Even financial regulations have failed to identify the fraud after all these years. What is their purpose if a scam of this scale can operate undetected for so long?

The onchain commerce protocol slice.so | follow /slice to stay up to date

Honey and Paypal enabled a massive scam for more than a decade, funnelling a wild amount of money into the pockets of bad actors at the expense of consumers, affiliates and merchants.

Important reminder: transparency in payments is a feature, not a bug. This behaviour on @slice (and Ethereum in general) would have been easily prevented.

It's also curious how gdpr and cookie banners have once again proven useless in protecting users from exploitative practices. Even financial regulations have failed to identify the fraud after all these years. What is their purpose if a scam of this scale can operate undetected for so long?

https://www.youtube.com/watch?v=vc4yL3YTwWk

* sponsored by Supercast, 25,000 $ANON at a time
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* hobbies include finding new lows of dad jokes

not onchain payments per se, but for example on @slice it’s straightforward since referrals are sent at the time of purchase.

in general on ethereum, regardless of payout timing, it’s easy to track referrals and identify / prevent similar tactics because of public visibility of data

Honest question: do onchain payments actually prevent this? The scam was PayPal replacing referrer codes, which are honored and paid by the merchant after the purchase, not by the user at time of purchase. If I used Honey and paid Newegg with BTC (which can, I believe, happen today), the scam remains intact.