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RE: I got $5,000 Scammed Last Night - Problems with the Modern Banking System by Charlie Shrem

in #steem8 years ago

It won't reduce the risk too much. The real issue is that, since there isn't a mediary like Visa, you won't have a recourse for fraud. So, if someone steals the money, you're screwed. It's like cash, except potentially way more exposed since there aren't physical and geographical constraints to the usage.