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.
Falling Knife
npub14w…tx8sy
2024-05-20 18:48:18
Author Public Key
npub14wk4hrq6atlq020c7r6eyylpu9gjukyqzafzxu6u80unqfrplq9qhtx8syPublished at
2024-05-20 18:48:18Event JSON
{
"id": "82e7dddf61a5ca25472852c9403ffbb1f83d3faf50c49200401f96ff3e051493",
"pubkey": "abad5b8c1aeafe07a9f8f0f59213e1e1512e5880175223735c3bf9302461f80a",
"created_at": 1716230898,
"kind": 1,
"tags": [
[
"t",
"Bitcoin"
],
[
"t",
"bitcoin"
],
[
"t",
"CFTC"
],
[
"t",
"cftc"
],
[
"t",
"BTC"
],
[
"t",
"btc"
],
[
"r",
"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."
]
],
"content": "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.\nFor 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. \nScammers 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.\nThe 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.\nhttps://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.",
"sig": "07d42bddc8a935b51145f0c8d9c131e3e1bb81698ba60e9899c2df265c215e694fe9bd87c60929d00bb184b3bd5e69ce03d1972741f24dbdca83afc33bf8a2e1"
}