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Do you not see the difference between a Venmo transaction and Bitcoin transaction? With Bitcoin, a small mistake or oversight and you money is gone, and unreco
by itsoktocry 3y ago
Do you not see the difference between a Venmo transaction and Bitcoin transaction?
With Bitcoin, a small mistake or oversight and you money is gone, and unrecoverable. So you can point and laugh at people getting scammed on Venmo, but you need "normies" to adopt BTC.
- aeternum 3y agoIt's the same with Venmo, I have a few friends that have sent money to random people never to see it again. There's really very little crypto-specific here, convincing someone to transfer funds to a scammer-controlled account is one of the oldest financial tricks in the book. It's still very common with bank wires.
- mratsim 3y agoVenmo, CashApp, Paypal "Friends or Family" and gift cards (Apple, Google Pay, Steam, ...) are all irreversible.