If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions

FBI: Americans aged 60 and older reported losing almost $3 billion to crypto fraud last year. In total, Americans reported being scammed out of around $9.3 billion via crypto, out of a total $16.6 billion in total reported losses that year. https://t.co/xupom9DeUn

Molly White

If blockchain allows this, how is it not worse than the current system? This is a massive portion of all crypto transactions https://x.com/molly0xfff/status/1915148232574804193?s=46

Reporter at Drop Site News, co-host at Breaking Points/Counter Points

My mother-in-law has dementia and, given my anecdotes, I have no idea what the size of theft from seniors by banks, insurance, etc occurs in ways that are technically not even illegal.

But it must be hundreds of billions.

Bad people everywhere.