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A comment on Sleeping beauty Bitcoin wallets wake up after 14 years to the tune of $2B. Parent comment

Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by Synaesthesia on Saturday July 05, 2025 @03:47AM (#44470867)
No, scamming people is much easier with crypto. The transactions are irreversible, for one.
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Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by akritrime on Saturday July 05, 2025 @04:39AM (#44471132)
As it is with cash.
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Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by PartiallyTyped on Saturday July 05, 2025 @07:25AM (#44471965)
Cash is backed by a government, which can coerce parties into following the law.
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Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by superjan on Saturday July 05, 2025 @05:07AM (#44471265)
And crypto scamming is anonymous, low risk and can be automated. Scamming people for cash requires you to get close to each of your victims.
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Re:Sleeping beauty Bitcoin wallets wake up after 14 years to... by FabHK on Saturday July 05, 2025 @07:38AM (#44472023)
Indeed. The Economist estimates the modern scam industry to be as large as the illicit drug trade by now, around $500 bn annually in revenue. Enabled in large part by crypto (pig butchering, ransomware, rug pulls were not a huge thing before crypto).
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