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Bitcoin use case - protecting your own money from theft
With a SIM swap, hackers can take your phone number in order to password reset your financial accounts. They can get your SMS authentication codes and drain your bank and investment accounts. If it happens to you, maybe you can go on the news in order to pressure the bank to refund you. Maybe it will work out, maybe it won't. With Bitcoin, if you have a hardware wallet and are not dumb, thieves cannot take your money from you except if they threaten you with harm. They can threaten you with harm to drain your bank account, also, so it is not a Bitcoin-only shortcoming. When more people become desperate due to economic conditions, you can expect more theft attempts. submitted by /u/FuelZestyclose3541 [link] [comments]
With a SIM swap, hackers can take your phone number in order to password reset your financial accounts. They can get your SMS authentication codes and drain your bank and investment accounts. If it happens to you, maybe you can go on the news in order to pressure the bank to refund you. Maybe it will work out, maybe it won't.
With Bitcoin, if you have a hardware wallet and are not dumb, thieves cannot take your money from you except if they threaten you with harm. They can threaten you with harm to drain your bank account, also, so it is not a Bitcoin-only shortcoming.
When more people become desperate due to economic conditions, you can expect more theft attempts.
[link] [comments]
