this post was submitted on 16 May 2024
277 points (96.6% liked)
Technology
68526 readers
3907 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
True, but Crypto has been awash with scams from its inception. Blockchain inherently rewards those who engage with it deceptively since access to tokens = ownership, there are no take backsies, 0 consumer protections, and it's global.
Honestly if I get scammed I don't have the time nor money to fight it, sounds like mostly protection for those at the top
If you get scammed using FIAT you can just call your bank and they can issue a chargeback through the card provider, especially if it's credit.
That may be true. But then the transaction fees are at the mercy of the credit card company. My aunt pays 3% of all card transactions damn near. That's pretty spicy.
I can't wait for the day companies like VISA or Mastercard become obsolete. Please save my aunts small business from predatory transactions fees. ♥