Ralphie on Nostr: Problem 1: There still is a lot of boiler room fraud going on: people being persuaded ...

Problem 1: There still is a lot of boiler room fraud going on: people being persuaded by scammers to buy Bitcoin and then lose their money. 40% of transactions to bitcoin exchsnges are relating to scams (according to a friend working on fraud dept for a large bank in the Netherlands)

Solution: Banks themselves can step in and offer bitcoin services directly to their customers and educate people how to do self custody.

Problem 2: most people are too technically illiterate to practice self custody in a safe way.

Solution?