This reminds me of Pix and all the security problems that came with its adoption. It's an instant payment system for Brazilian fiat currency. When it was implemented, adoption was huge—after all, it's fiat—and along with it came many problems. The same principle as mentioned here: since they couldn't hack it, criminals applied scams, robberies, and kidnappings. Banks imposed transaction limits during nighttime and transfer limits per period, which is why the kidnappings happened. That's why with Bitcoin it's important not to expose yourself through KYC and to learn how to keep your wallets well-organized and distributed, to have plausible deniability in case a gun is pointed at your head or at the head of someone you love.
This reminds me of Pix and all the security problems that came with its adoption. It's an instant payment system for Brazilian fiat currency. When it was implemented, adoption was huge—after all, it's fiat—and along with it came many problems. The same principle as mentioned here: since they couldn't hack it, criminals applied scams, robberies, and kidnappings. Banks imposed transaction limits during nighttime and transfer limits per period, which is why the kidnappings happened.
That's why with Bitcoin it's important not to expose yourself through KYC and to learn how to keep your wallets well-organized and distributed, to have plausible deniability in case a gun is pointed at your head or at the head of someone you love.