[dovys]

Speculation, get rich quick schemes and scams. They will exist no matter what. At least the barrier to entry to get scammed is higher with crypto than just online payments

[Synaesthesia]

No, scamming people is much easier with crypto. The transactions are irreversible, for one.

[FabHK]

Indeed. The Economist estimates the modern scam industry to be as large as the illicit drug trade by now, around $500 bn annually in revenue. Enabled in large part by crypto (pig butchering, ransomware, rug pulls were not a huge thing before crypto).

[akritrime]

As it is with cash.

[superjan]

And crypto scamming is anonymous, low risk and can be automated. Scamming people for cash requires you to get close to each of your victims.

[PartiallyTyped]

Cash is backed by a government, which can coerce parties into following the law.

[t1E9mE7JTRjf]

> They will exist no matter what

Ok, so then they're not a bitcoin thing then right?