getbitcoin108 on Nostr: Freddie, the real issue is CRYPTO. The FCA and banks - from what I’ve seen - ...
Freddie, the real issue is CRYPTO. The FCA and banks - from what I’ve seen - don’t distinguish between shitcoins and bitcoin and regard it all as fraudulent and dangerous to the general public. Banks are overwhelmed with people losing enormous sums to crypto scams - I know half a dozen people personally who have lost substantial sums.
It seems to me that the crucial task we have before us is to educate the FCA and the public about the vast gulf between bitcoin and the other trash. We are up against slick marketers in crypto scams who put substantial energy into convincing people that no such gulf exists. It is an uphill struggle. I’ve convinced a dozen or so friends to be bitcoin only - so it can be done! Regulators are another matter of course.
It seems to me that the crucial task we have before us is to educate the FCA and the public about the vast gulf between bitcoin and the other trash. We are up against slick marketers in crypto scams who put substantial energy into convincing people that no such gulf exists. It is an uphill struggle. I’ve convinced a dozen or so friends to be bitcoin only - so it can be done! Regulators are another matter of course.