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If you go buy a car and tell the seller to wait a week for you to get the money, you'd be pissed when you get there and he tells you you're out of luck, but he rather sold the car to someone else who did pay more or sooner.
The fact that it is clearly stated right above the "SMASH ME" button what that option is for and that you will receive a trade cooldown, doesn't help your case either.
If you would have accepted the trade under old conditions or with an authenticator, you'd be SOL and the trade would have gone through. You took advantage of the situation for personal gain.
There is no need to cancel a trade once you accept it
That's not a flaw
Its ironic you complian about 'one dimensional' thinking when you are totally guilty of that. the one dimension being the world only you inhabit with your own needs superceeding all others.
When you accept a trade you are entering a contract for that. You cancelling that contract has consequences. Otherwise people would cancel trades constantly just to troll others or other such abuses.
When you accept a trade, you are saying the trade is valid. At that point there is no valid reason to cancel the trade. Ifyou do there are consequences.
You might use the system for other purposes, but it is not designed to be used that way so you have to deal with the consequences(the cooldown). In short, accepting the trade is like a contract between 2 users. If a party does not fulfill their end of the agreement, then they suffer a penalty (the cooldown).
The system does not know its a 'gift'. It cannot know intention
It only knows actions
You have to verify the trade when you send it and both parties accept it. After that if you cancel it then you are renegging on a contract you made with that person. As such the system punishes you for it because you agreed to trade that to that person. The system doesn't know the other person is 'your friend'. You could be ripping someone off. The system doesn tknow that.
The trades are not on 'your' terms. If you want 'your' terms make your own trade infractructure and make 'your' own rules.