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How to lose $8,000 in crypto in 15 minutes
- iamleppert 6y agoPlay stupid games, win stupid prizes. Don’t think an SMS text message is adequate security. Verizon doesn’t care about you. Why would they? They never signed up to be the sole thing between you and thieves.
- theamk 6y agoThis is one of the big advantages of the traditional banks -- bad things will always happen, but with regular financial system you can often recover from this. Sure, some times money disappear, but a lot of times you get it back. And it is not as much as Coinbase vs Citibank, as much as it is the overall system design: if your crypto is gone, there is no recovery, by design. If your regular money is gone, you have a whole bunch of laws to help you.
- Proven 6y agoI lost more. Never once did it occur to me to come up with ideas what others could have done to avoid that. Like Californian emigrants bringing bad habits to Arizona, this guy proposes to bring fiat rules to crypto. Stay away and stick with your fiat; crypto is not meant for that.