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Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by yifanl on Tuesday January 03, 2023 @11:10AM (#34233293)
I mean, the historical solution to this type of stuff just hardline regulation? There isn't a general solution against bad decision making. Your toddler will drink that liquid under the sink -> you put that liquid in a really high place and now everybody will complain and have to find that stepladder every time they want to clean the drains.

The best non-regulatory fix I can think of would be socially enforcing that people stop profitting from convincing others into doing bad decision making.

It's not very easy though, since fraudsters only need to convince people once to make off with their profits, unlike a tradesman or manufacturer who needs to stay in business long-term.

Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by klibertp on Tuesday January 03, 2023 @12:41PM (#34234820)
Well, the "get rich fast" things should be regulated as you say. The problem begins when such schemes become "get rich at all", with nothing in terms of viable alternative. The best way to deal with it is not to make people that desperate in the first place...
Re:USD 4.27B stolen in 2022 in Web3/crypto hacks and scams by yifanl on Tuesday January 03, 2023 @02:00PM (#34236213)
Certainly, if we lived in a world with a very robust financial safety net, then people would be less inclined to make risky financial decisions. The main question is how do we get there?

It's not obvious to me that the currently popular web3/crypto approach of widely promoting these risky gambles gets us there.