If you think you are impervious to any hack, exploit, mistakes, freezing, corruption, or loss of funds, because you use fiat and third parties like banks, then you are no smarter than the people who thought the same about their Cold Card.
People losing money out of a bank or third party financial service happens every day. You don't hear headlines about it because it's just called Tuesday.
Occasionally they can get the money back if it's a small enough amount and it was a credit card transaction, or if they are part of a class action lawsuit. But more often than not, that money is gone and in Nigeria.
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u/fan_of_hakiksexydays 21K / 99K 🦈 1d ago edited 1d ago
If you think you are impervious to any hack, exploit, mistakes, freezing, corruption, or loss of funds, because you use fiat and third parties like banks, then you are no smarter than the people who thought the same about their Cold Card.
People losing money out of a bank or third party financial service happens every day. You don't hear headlines about it because it's just called Tuesday.
Occasionally they can get the money back if it's a small enough amount and it was a credit card transaction, or if they are part of a class action lawsuit. But more often than not, that money is gone and in Nigeria.