In cryptocurrency land there is no such thing as an unauthorized charge because you don't ever give a third party access to information that can be used to charge funds, which you have to do constantly with credit cards.
> Since token approval requests usually ask for unlimited access to your token balance, if there is a security vulnerability, all of the assets in your wallet could be exposed. Depending on how severe the security vulnerability is, disconnecting your wallet from a dapp may not be enough to fully protect your assets.
Exactly.. of course we still have very significant problems to solve.
Such as the fact that most of these cryptocurrencies are totally impractical to use for actually buying things, leading to the need to use centralized exchanges for swapping to fiat.
And the fact that there are multitudes of competing cryptocurrencies. And that there is a fundamental lack of integration with government due to government actually needing to radically reform and advance to incorporate cryptocurrency.
But still, they are core advancements that society should take advantage of. Easier said than done.
FWIW, even when they request unlimited access, you can set whatever limit you want. In MetaMask, the defacto standard wallet, you simply just edit the field that appears in the request/confirmation dialog.
