>No matter how careful and smart and conservative a person is-- sometimes they're just having a blonde moment and will fall for whatever. I agree that people do need to be responsible and avoid traps but I think their responsibility in no way diminishes the perps responsibility.
You're way more forgiving than I am, G.
I have seen and have reluctantly been in charge of people's financial affairs and the only sure way for them to have any level of operational security is when something is at stake and they subsequently lose some of it to learn why to do so--it is well understood that our human minds are hard-wired for risk aversion and optimized for limiting losses, so it makes sense that is why people an be so careless wen this is done for them in 90% of situations.
With that said, I agree greater efforts should be made for securely storing and handling funds, I just fail to see how more regulation (FTX was regulated and licensed) will achieve this. Rather I prefer to see a technological solution to key storage, but tat doesn't solve the ability to see a yield farm operation for the scam that it is.
You're way more forgiving than I am, G.
I have seen and have reluctantly been in charge of people's financial affairs and the only sure way for them to have any level of operational security is when something is at stake and they subsequently lose some of it to learn why to do so--it is well understood that our human minds are hard-wired for risk aversion and optimized for limiting losses, so it makes sense that is why people an be so careless wen this is done for them in 90% of situations.
With that said, I agree greater efforts should be made for securely storing and handling funds, I just fail to see how more regulation (FTX was regulated and licensed) will achieve this. Rather I prefer to see a technological solution to key storage, but tat doesn't solve the ability to see a yield farm operation for the scam that it is.