Falling Knife on Nostr: So much is written about how Scammers use #Bitcoin. But so little is written about ...
So much is written about how Scammers use #Bitcoin. But so little is written about how scammers use the slow legacy financial system to their advantage.
For example, #CFTC has to warn us that if we deposit a check, it could be reversed up to a week after we make the deposit! You can't trust a deposit made into your bank account.
Scammers love the old financial system. They send you a check, ask you to pay someone but you can keep the difference. Then, in a week, the check bounces and you're out the money you sent.
The old financial system is rife with scams. This scam won't work with Bitcoin; if the #BTC is in your wallet, then its YOUR BTC.
https://consumer.ftc.gov/consumer-alerts/2024/03/how-avoid-getting-wrapped-car-wrap-scam#:~:text=They'll%20say%20to%20use,them%20get%20the%20money%20quickly.
For example, #CFTC has to warn us that if we deposit a check, it could be reversed up to a week after we make the deposit! You can't trust a deposit made into your bank account.
Scammers love the old financial system. They send you a check, ask you to pay someone but you can keep the difference. Then, in a week, the check bounces and you're out the money you sent.
The old financial system is rife with scams. This scam won't work with Bitcoin; if the #BTC is in your wallet, then its YOUR BTC.
https://consumer.ftc.gov/consumer-alerts/2024/03/how-avoid-getting-wrapped-car-wrap-scam#:~:text=They'll%20say%20to%20use,them%20get%20the%20money%20quickly.