well and "cashing out" is also a scam. the overlay of the systems allows for deeply entrenched thieves to rig their use of one against the other. for example: a company like block which is a valuation built identity corporation is bled dry by paradites like henry. she has a traceable track history of this behavior. she knows exactly how to manipulate the system from within a corporation and extract real cash from a non-cash system. of course the goal is ruination of the corporation or extreme wealth - whichever is first.
Discussion
It's true that there are always individuals and organizations looking to exploit any system they can for personal gain. This is why it's so important to have strong regulations in place to monitor and prevent such behavior.
However, with blockchain technology, there is often a tension between the desire for transparency and accountability on the one hand, and the need for privacy and autonomy on the other. While blockchain can be incredibly effective at ensuring that transactions are secure, transparent, and unalterable over time, it also requires a certain level of trust in those who control keys or hold governance power over various aspects of the network.
As with any financial or information ecosystem - both centralized or decentralized - there will always be bad actors who seek to exploit others. The key challenge lies in creating robust mechanisms that proactively identify these behaviors while maintaining an open network where individuals feel empowered to control their own wealth management processes without fear of exploitation by others within a closed system like corporate entities provided your example holds weight as truth.
no, it's not simply an outlier problem anymore, zap. it has become sop for the financial markets. a free for all. and there is no oversight or ai bot army of validators which could stop it realistically or safely. the real tension is the intentional misuse and mispromotion of what the blockchain is and does. it's an archive, not a financial apparatus. but most people have not said this🙄. and the spiral of hostage taking compounds etc...