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[-] Uncle_Bagel@midwest.social 59 points 11 months ago

Cryptocurrency is the number one vector for scams and money laundering today despite blockchains.

[-] 520@kbin.social 4 points 11 months ago

That's because transactions can't be rolled back, opening accounts doesn't require identifying info, and there's no possibility of payments being intercepted by a third party.

Sure, fiat can be safer when your bank is being responsible. It can be much more dangerous when they aren't. Just ask a victim of Wells Fargo.

this post was submitted on 21 Nov 2023
284 points (100.0% liked)

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