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submitted 2 weeks ago by [email protected] to c/whitepeopletwitter

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[–] [email protected] 14 points 2 weeks ago (2 children)

When people get scammed in traditional currency, you can revert the transaction. You cannot revert anything with blockchain, and that's a feature, which means if you get scammed out of your bitcoin, there's nothing you can do. That money is lost, and the scammer keeps it.

[–] Tar_alcaran 6 points 2 weeks ago

Also, when I try to scam someone using my bankaccount, my bank goes "Uhhh, please show us that this isn't a scam". My bitcoin wallet doesn't care.

[–] [email protected] 4 points 2 weeks ago* (last edited 2 weeks ago)

And if you get scammed out of cash by another person how will the government step in to revert it? Theft happens every day. You are talking about banking, you are not talking about money. They are not the same thing.