24 eth instead of 24 usdt....What Will You Do If.......? - page 4.

fullhdpixel

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Quote from: mk4 on October 21, 2020, 11:01:32 PM

I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in.

I believe it is easy to advice than to do it when it actually happens to us. I mean yeah I think like you too that I would return the money but really I don't know how would I react when it happens with me because I work hard to survive and this amount is humongous to be getting for free.

Quote from: mk4 on October 21, 2020, 11:01:32 PM

I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money and I'm definitely going to be tested.

Indeed and I can tell you that not everyone in the Asian countries even earn that much annually so imagine getting your annual salary in advance without working .. that must be a big test of character for anyone.

I think though exchanges earn a lot and they might let you keep the 24 ETH but I'm not sure.

lixer

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Quote from: Fivestar4everMVP on October 21, 2020, 10:36:42 PM

for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

Very strange that this would happen because as far as I know almost all the exchanges have automatic process of sending withdrawals and the staff has to just approve it, so I mean if this happened with your friend then it must have happened with others too and the exchange might be empty within days of operating.

Now coming to the point whether we should return the coins or not to exchange, it really depends if the exchange sends you an email and request for the backs to be sent back. I would never send them coins unless they realize the mistake first and email me and once they email I would have no have no problem sending them back the funds although it's tempting.

cryptoaddictchie

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Quote from: Fivestar4everMVP on October 21, 2020, 10:36:42 PM

So my question is.. What will you do? Will you return the money?

Interesting scenario. Since they got some form of mistake Im not sure if they will asked for it. But for me, I will return it if someone or the exchange contacted me. I know it will be hard to contact the recipient since its a dex. Technically it will be depend on the user if his going to return it or not.

There is nothing wrong for anyone who would take it. But the moral and guilt for anyone who would do this will probably haunt them forever. So I definitely return it too. I know some people who even doing this if they have taken advantage. But God knows what to do to people whom taking advantage of others. Karma is coming your way in a least you expect it.

Alucard1

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Honestly, if I were in the story, I wouldn't return the money, 24 ETH is huge money and it is really hard to earn especially in our country, I am just being practical, that money will help me in my daily needs and wants. I won't spend it on some unnecessary things but I will spend it on making business and investment, I wouldn't lose this kind of opportunity. I know that the exchange is already rich and they already have a huge amount of money, the 24 ETH is not that too high for them to make mistake. I will always grab the opportunity that will be given to me. It is not that I will be so desperate for doing such bad things or criminal activities, I am so against with that, but the case in the story is that it is not my fault that I received the wrong amount of money.

noorman0

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return it, I don't want to be haunted by guilt, regret, and worry all my life. And I don't want them bothering me to hit my $9k the right way.

It is difficult to consider this decision, especially during times of unfavorable personal finances. But I will think about the huge risk later on to damage my reputation and honor.

Wexnident

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Eh, I won't judge you if you don't return it. If you truly need it that is, and you're not really to blame if you were to ever run with it, simply because it was an error on their part and not necessarily yours. I would probably not return it if I were in your shoes, especially if the said exchange stays silent and doesn't demand a return. If they demanded, I might give in since I'm not particularly at a difficult spot, but if they don't, I don't see a reason why I should.

Heck, you can even negotiate about retaining maybe half the amount. I'm pretty sure you have the advantage in terms of negotiation power here since you have the funds, while they don't necessarily have the right to argue due to their mistake. It's really up to your moral compass on how much you're willing to return.

jhonwick003

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Quote from: Fivestar4everMVP on October 21, 2020, 10:36:42 PM

Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

If I personally if the exchange asks about it then I will return it and maybe they will also appreciate my efforts, such as the bug in hoo ** that happened in the past and finally the recipient also gets the reward he deserves from his kindness and honesty.

mk4

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Quote from: death69 on October 21, 2020, 11:12:27 PM

$9000 is about an annual salary of people who lives in third world country. To some people, it can worth way more than that. Tough choice is need to be made. Only he and his conscience are the one who decide what to do here. No one will know about what the hell is going on between him and an exchange.

It's actually a lot worse. In the Philippines, when talking about the annual salary of the masses(the little to no savings demographic), $9000 is 2 years worth of salary. What more for the poorer 3rd world countries.

death69

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Quote from: mk4 on October 21, 2020, 11:01:32 PM

I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in. I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money.

$9000 is about an annual salary of people who lives in third world country. To some people, it can worth way more than that. Tough choice is need to be made. Only he and his conscience are the one who decide what to do here. No one will know about what the hell is going on between him and an exchange.

If I were him, I would return 23.5 eth and keep 0.5 for myself. Every mistake has a consequence and I am kind enough not to keep those 24 eth for myself. But they must willing to give me 0.5 as a fee of being careless sending x40 times the value of a withdrawal. We all have our own demon inside, right Roll Eyes

I just tried to placate mine

mk4

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I'd personally return the money as I'd like to think that my moral compass is working fine, though I won't lie and I would admit that this would definitely be a tough decision due to the inevitable greed that's going to kick in. I mean, 24 ETH is like $9000, and as a person that's currently in a 3rd world country, that's A LOT of money and I'm definitely going to be tested.

Fivestar4everMVP

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Greetings bitcoiners

I asked this same question in one other crypto forum but am yet to get answers, so am bring the same question here for your opinions and thoughts

So for example, you sold an altcoin for usdt in one of this semi decentralized exchanges that claim to be fully decentralized, you sold your altcoin and got a total of let's say 24 usdt, you then place a withdrawal of that full amount, instead of the exchange sending you 24 usdt, for some reason you and I don't know, they sent you 24 eth instead.

So my question is.. What will you do? Will you return the money?

And note.... This is not fictional, it happened for real to a crypto friend of mine.

So let's discuss.

Topic: 24 eth instead of 24 usdt....What Will You Do If.......? - page 4. (Read 639 times)