this post was submitted on 16 May 2024
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Yea, we wouldn’t want anyone doing anything illegal with crypto… 🙄
We also wouldnt want anyone doing anything illegal with dollars, euros, yen, etc. Crypto is money and all money will be used for illegal things
True, but Crypto has been awash with scams from its inception. Blockchain inherently rewards those who engage with it deceptively since access to tokens = ownership, there are no take backsies, 0 consumer protections, and it's global.
Honestly if I get scammed I don't have the time nor money to fight it, sounds like mostly protection for those at the top
If you get scammed using FIAT you can just call your bank and they can issue a chargeback through the card provider, especially if it's credit.
That may be true. But then the transaction fees are at the mercy of the credit card company. My aunt pays 3% of all card transactions damn near. That's pretty spicy.
I can't wait for the day companies like VISA or Mastercard become obsolete. Please save my aunts small business from predatory transactions fees. ♥