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> Problems that have been solved by regular banking decades ago. https://www.savings.com.au/news/scamwatch-2021 https://www.savings.com.au/news/scamwatch-2021
by ikt 4y ago
> Problems that have been solved by regular banking decades ago.
https://www.savings.com.au/news/scamwatch-2021 https://www.savings.com.au/news/scamwatch-2021
Australians lost a record $323 million to scams in 2021
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So glad they solved fraud prevention 'decades ago'.
- threeseed 4y agoThere is nothing about crypto that prevents scams. But in the regular banking system we have decades of experience in how to mitigate the impacts of them e.g. account insurance, MFA for any new transfers or over a certain limit, auditing by independent regulators.
- roflyear 4y agoHow do ya get your scammed cryptocurrency back, again?