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

Just happened upon this thread and thought of your question. Give it a look:

The undesirable activity in open systems is, well, *undesirable*, and it's valid and useful to try to minimize it. But *minimization* isn't the same as *elimination*. 

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"The optimal amount of fraud is non-zero," because "everything should be made as simple as possible, but not simpler." Complexity is generative, but "all complex ecosystems have parasites."

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Cory Doctorow NONCONSENSUAL BLUE TICK

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

Just happened upon this thread and thought of your question. Give it a look: https://x.com/doctorow/status/1915378111849656694?s=46&t=m1Jlf0dojyC4eiPyQZXD5g