If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions

FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported losses that year. https://t.co/xupom9DeUn

Molly White

If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions https://x.com/molly0xfff/status/1915148232574804193?s=46

at least read the report lol. 

“if blockchain allows this” is pretty intellectually dishonest, come on :)

if you go to the actual report, the majority of these 60+ adults are sending fiat $$ to people who promise them returns for “crypto.” this is self-reported fraud that could happen with gold, stocks, etc.

Reporter at Drop Site News, co-host at Breaking Points/Counter Points

helping build farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud”

i love the skepticism and personally hate that crypto attracts bad actors, but also i gotta push back when certain criticism is a little unfounded :)

this is a PR problem, not a blockchain problem

It would be great to see a follow up cast with the same tweet and your new thoughts on the subject, rather than only leaving up the original post that doesn’t reflect the new information you learned. 

Unless you were being sarcastic when you said “Never mind then”?