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Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB https://www.cbsnews.com/news/crypto-scam-risk-bbb-report/ https://www.cbsnews.com
by ecommerceguy 3y ago
Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB
https://www.cbsnews.com/news/crypto-scam-risk-bbb-report/ https://www.cbsnews.com/news/crypto-scam-risk-bbb-report/
There's a nice website, I've seen on HN before, that has a complete list of crypto scams and their total value. I wonder what the overall percentage of crypto transactions are for scams? 50%? more?
The only reason crypto is allowed is because it literally sucks money out of the real economy thus tamping down inflation.
- chx 3y agohttps://www.web3isgoinggreat.com/ https://www.web3isgoinggreat.com/
- bb88 3y ago+1
- fullspectrumdev 3y ago> I wonder what the overall percentage of crypto transactions are for scams? 50%? more? Less than 5% according to the companies like Chainalysis who have a vested interest in making crypto seem dangerous so they can hock their product (analysis tools) to law enforcement. So not “50% or more” lol
- ecommerceguy 3y agoSubtract "investment transactions", now try. Probably moves to 90%.
- webninja 3y agoMoney is (almost)* never sucked out of the economy with crypto, real or not because with every transaction, money comes out from the seller’s side. Same goes for real estate, stocks, and commodities. *Exceptions: -Broken stablecoin smart contacts or stablecoin wallets with lost private keys. -Many bonds, for example: I-Bonds.