[PragmaticPulp]

> If you'd actually read up on cryptocurrency wallets before commenting, you might have found there are multiple solutions for this out already, including one of the most popular Ethereum wallets called Argent, which let's you set limits.

You're making a great example of the victim-blaming I mentioned in my comment: That anyone who is surprised by their money disappearing clearly just didn't do all of the right research and use the right wallets and set all the right options to set the right limits and so on and so on.

Obviously there are right ways to navigate the crypto space and not get burned, but the issue is that the crypto community seems to think it's okay that everything is complicated and prone to new users making mistakes that people are routinely losing huge amounts of money due to not being 100% up to date on the right way to do everything.

> The way you can prevent it on smart contract platforms is simply holding the funds in a smart contract that allows users to set restrictions so that they couldn't take that expensive NFT even if the user mindlessly clicks on a fishing link, connects the wallet and approves the transaction without checking what it is.

Yep, sounds easy. To avoid losing everything you just have to set up a smart contract and then...

I can't believe this stuff passes for reasonable suggestions in the crypto world.

[mitchdoogle]

You ignored the part about how people are scammed using credit cards, cash, wires, etc. The problem isn't crypto - it's dishonest people developing scams to trick others into sending money. I'd bet that far more money is lost in scams using methods that don't depend on cryptocurrency rather than the ones that do. Just like with those other scams, education is a very important part of prevention.

[captn3m0]

With other scams, it’s supremely hard for scammers to cash out without a clear identity trace to follow. As a simple example, the huge explosion in ransomware is directly linked to the rise in cryptocurrency, because prior to that getting paid for ransomware was much tougher.

With Crypto, payments are irreversible, all transactions are transfers, all payees are equal (no merchants for payments and P2P for transfers) and it all combines together to be the perfect scammer heaven - you can scam people without any repercussions anonymously.

[trompetenaccoun]

It's an app that you download and setting up is so easy an 8 year old can do it. No one has to deploy a smart contract on their own, you just go to the app store and install it. It's inexplicable to me why someone would complain about software they've clearly never used or even looked at.

Of course people can use other wallets if they like to. These are open networks just like the internet itself. No one can stop folks from doing dumb stuff online, input their credit card information where they shouldn't, wire thousands of dollars to a "girl" overseas who "loves" them, visit shady sites with their outdated Internet Explorer on a WindowsXP machine... Why didn't Microsoft prevent this!?