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