There is a going to be a big business to be built on fraud risk for merchants and stablecoins.

Chasing Curiosity. Pluralist. Empathetic Accelerationist. Founding Fullstack Engineer @icebreaker. YC S16, KB7, fid:66
icbk.me/tayyab.fc

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Let’s say you order something on a website, idk a tshirt. You pay in stablecoins, you get underwear and the company refuses to answer your support emails. 

You can’t really ask for a refund. CC companies at least give you the ability to claim. 

Same is true for subscriptions that over charge you despite canceling.

now /backpack • building @so many products • prev. @everyname (acq) @nethermind @proximacapital @consensysacad • thomphreys.com

In some cases it is a feature that payments are reversible for a short duration because things can go wrong. 

It seems useful to have an intermediary who can roll back payments if the sender requests it and the intermediary approves.

I'm working on this with @notdevin.eth and @jamesstevens 

We think of this from first principles and are miles ahead of everyone else. 

backpack.network

Catch me on X, notifications are off here 
@devinjelliot

Founder, Market Research Edge:
CoFounder, MyBackpack:

Dad bod.  Bulldogs.  Trophy husband.

Know someone building in this space looking for a tech cofounder. Interested in speaking with him?

@notdevin.eth aren’t you already doing this for the backpack App!!!??

Fraud risk management will be crucial as digital currencies and e-commerce grow. Merchants must adapt to protect assets and maintain trust in the evolving financial landscape.