In case you ask a crypto bro why they’re in crypto, they could say one thing about monetary freedom.
However 99% of the time, their actual reply is quantity go up.
Which is not dangerous. Get yo’ bag.
However once in a while, we’re reminded what crypto was actually made for. And at present’s story is a kind of instances.
Over the weekend, Thai banks froze 3 million accounts suspected of being “mules” for scammers – and imposed every day switch limits on everybody.
Digital Financial system and Society Ministry secretary Wisit Wisitsora-at stated the suspensions are solely non permanent and will probably be lifted as soon as checks verify no wrongdoing.
Now, this complete factor occurred in response to a rise in on-line scams which have drained an estimated 6B baht (~$189M) from victims over the previous yr.
👉 On one hand, yay, combating scams!
👉 On the opposite… bear in mind, these weren’t confirmed rip-off accounts – simply suspected ones. That means, harmless individuals and companies misplaced entry to their very own cash, too.
Which is not truthful.
Hmmm… if solely there have been a system that fastened this…
🤔🤔
Lemme introduce you to one thing referred to as Bitcoin.
Now, to be truthful, Bitcoin does not cease scams – these undoubtedly exist in crypto too.
But it surely does cease harmless individuals from dropping entry to their cash due to “suspicion.”
In case you maintain your Bitcoin in self-custody, nobody can freeze it. There is no central authority with a kill swap. Transactions are peer-to-peer – no financial institution approval required.
The trade-off? Absolute management means absolute accountability: no reversals, no bailouts, no buyer help to name in case you mess up.
Mainly, with banks, you belief establishments. With Bitcoin, you belief your self.
Select your fighter 🥊
Now you are within the know. However take into consideration your folks – they most likely do not know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you already know you’re!
