The attack vectors are getting more sophisticated, but it is also a different standard applied to cryptocurrencies:
Fraud in legacy payment networks is hundreds of millions per year, with an occasional outlier of 80 billion, the only difference is that it isn't international news every single time. $500,000 thefts are happening every single day in fiat currencies, in person, banks, over electronic networks like ACH/checks, Wire, SWIFT, IBAN etc.
Square Inc's annual report cites a couple huge thefts they have had to deal with which have and could materially affect their business of creating merchant tools. They lost like $5 million in one swipe and its just buried in a boring annual report. $500k in one crypto OPSEC issue and you question the entire concept? Cmon thats mentally disingenuous
You'll just have to keep that in mind if you want to have any kind of objective view of this reality containing cryptocurrencies
Fraud in legacy payment networks is hundreds of millions per year, with an occasional outlier of 80 billion, the only difference is that it isn't international news every single time. $500,000 thefts are happening every single day in fiat currencies, in person, banks, over electronic networks like ACH/checks, Wire, SWIFT, IBAN etc.
Square Inc's annual report cites a couple huge thefts they have had to deal with which have and could materially affect their business of creating merchant tools. They lost like $5 million in one swipe and its just buried in a boring annual report. $500k in one crypto OPSEC issue and you question the entire concept? Cmon thats mentally disingenuous
You'll just have to keep that in mind if you want to have any kind of objective view of this reality containing cryptocurrencies