keccers
@keccers.eth
If the whole internet runs on stables you’ll be able to run some really great scams The fake storefront is one that’s uniquely USDC enabled due to no chargebacks “Sell” something under a brand name with no PII attached, never fulfill it, keep all the money
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nomygod
@nomygod.eth
USDC owns that shit, they can just turn off your money
1 reply
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Joshua Hyde (he/him)
@jrh3k5.eth
Honestly, I've found the alleged consumer protections of tradfi cards to fall short of what's promised. The one time I disputed a charge because the merchant refused to stop charging my credit card, my credit union just told me, "Work it out with the merchant." I just ended up cancelling the card because there wasn't any other way to stop the recurring billing.
1 reply
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Justin Hunter
@polluterofminds
Stablecoins will need to be revocable. I believe USDC already is. It can be frozen for sure.
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Borg
@ruz.eth
In an ideal world law enforcement would prosecute people like this. We would have systems like Human Passport to verify the authenticity of people, traceable verifiable customer rating systems because everyone is using web3 to own their account. With real adoption, we can virtually eliminate scams. It’s the current system holding us back.
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agusti
@bleu.eth
but scammers technically can get their usdc frozen (not really tho)
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Inaba Hoor
@inabahoor
Be carefull with scam.
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