this post was submitted on 13 Nov 2024
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None. Suffer. (lemmy.world)
submitted 10 months ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works
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[–] SkyeStarfall@lemmy.blahaj.zone 7 points 10 months ago (2 children)

When people get scammed in traditional currency, you can revert the transaction. You cannot revert anything with blockchain, and that's a feature, which means if you get scammed out of your bitcoin, there's nothing you can do. That money is lost, and the scammer keeps it.

[–] Tar_alcaran@sh.itjust.works 2 points 10 months ago

Also, when I try to scam someone using my bankaccount, my bank goes "Uhhh, please show us that this isn't a scam". My bitcoin wallet doesn't care.

[–] workerONE@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

And if you get scammed out of cash by another person how will the government step in to revert it? Theft happens every day. You are talking about banking, you are not talking about money. They are not the same thing.