Tyler Burns on Nostr: People point to the fraud in the "crypto" industry and think that the collapses ...

People point to the fraud in the "crypto" industry and think that the collapses can't/don't happen in TradFi either. But people put their fiat money in traditional or fintech companies that have nothing to do with "crypto" and lose their money there too. The problem is trusting third-parties altogether.

It is also striking to me that a heavy liberal outlet like this can't draw the connection between consumers losing their funds held with third-parties and the clear solution to this that bitcoin provides. Instead, their solution is to put their funds in "brick and mortar" institutions as if that were a solution, when it is all part of the same system. One victim in the video even said he's lost all trust in financial institutions, but can't see the solution to his problem in bitcoin.

https://m.youtube.com/watch?v=hiE7NvONU5U