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I've never seen a Bitcoin ATM that didn't have multiple warnings about fraud and scams. I also see similar warnings at store checkouts and near the gift cards.
by ronsor 2y ago
I've never seen a Bitcoin ATM that didn't have multiple warnings about fraud and scams. I also see similar warnings at store checkouts and near the gift cards.
Somehow people still fall for the scams. As long as the scammers are able to keep victims panicked, no amount of warnings will help.
- lern_too_spel 2y agoThat's a cop-out. Transferring money out of the country from a normal ATM is impossible, meaning the money is usually recoverable. If the people operating the Bitcoin ATMs had to share liability, their actions would help you quickly understand that warnings aren't enough.
- acdha 2y agoI’ve never seen one with warnings, but it really comes back to the way Bitcoin has no safeguards built in. Scammers love it because once they get someone to make a mistake, there’s no way to reverse it unlike a conventional bank or most other payment systems. Gift card fraud is riskier (they can be locked, someone has to physically move things around & risk being caught, conversion to real money incurs a fair loss, etc.) but it’s popular because it was the best option before cryptocurrency came along and offered a fully remote alternative.
- kalleboo 2y agoIn Japan, the elderly were getting scammed so hard they started putting cell phone jammers in ATMs (traditional bank ones) since the scammers were guiding them through using the ATM to make a wire transfer