You come to my store to buy something, you hand me the bill, I take it and don’t give you anything in return.
Video cameras. Also the shopkeep develops a reputation and is easily identifiable.
Most scams are done irl with FIAT,
Technically the truth, but a MUCH larger percentage of the crypto ecosystem is devoted to scams. I don’t think that is just “growing pains”, the design of crypto, again, incentivizes this behavior because it gives victims no recourse.
at the end of the day you can’t protect everyone from everything, especially from their own gullibility.
Yes, but gullibility is the #1 problem and again, crypto has no safeguards or recourse.
For some people complete control over their money is a plus
Control but only within the system and ruleset that is made by those who control the chain. If institutions leverage their power in the space in a mass-adoption scenario, then they will be the ones making these rules and controlling what you can do, and the rigidity of crypto’s rules advantage them in that case, no the consumer.
Video cameras. Also the shopkeep develops a reputation and is easily identifiable.
Technically the truth, but a MUCH larger percentage of the crypto ecosystem is devoted to scams. I don’t think that is just “growing pains”, the design of crypto, again, incentivizes this behavior because it gives victims no recourse.
Yes, but gullibility is the #1 problem and again, crypto has no safeguards or recourse.
Control but only within the system and ruleset that is made by those who control the chain. If institutions leverage their power in the space in a mass-adoption scenario, then they will be the ones making these rules and controlling what you can do, and the rigidity of crypto’s rules advantage them in that case, no the consumer.