[redox99]

> Doesn't crypto have the same problem, with money laundering and other crimes?

I don't see how that's the same problem? They are clearly separate, distinct problems.

There are obviously both advantages and disadvantages to both crypto and banking. As someone who lives in a country that has been through a lot of bullshit, I highly value the fact that the bank can't just take away my money.

[nicbou]

Hackers, on the other hand, can. As can exchanges as repeatedly happened in the last few months.

The only difference is that crypto fraud is irreversible, and that the blame will be put on you.

[joyfylbanana]

In my understanding most fraud in the fiat world is similarly irreversible, different actors just absorb the costs of the fraud, in the end consumers foot the bill as increased prices.

Fraud is huge industry, the fraud models and attack vectors in the fiat world is different than in the crypto world. In the end wherever there is enough money, there will be fraud as well.

[cypress66]

If I have my money stolen I prefer it to be my fault (got phished or whatever) than be something I have no control over.