If you ask a crypto bro why they’re in crypto, they might say something about financial freedom.
But 99% of the time, their real answer is number go up.
Which isn’t bad. Get yo’ bag.
But every now and then, we’re reminded what crypto was really made for. And today’s story is one of those times.
Over the weekend, Thai banks froze 3 million accounts suspected of being “mules” for scammers – and imposed daily transfer limits on everyone.
Digital Economy and Society Ministry secretary Wisit Wisitsora-at said the suspensions are only temporary and will be lifted once checks confirm no wrongdoing.
Now, this whole thing happened in response to an increase in online scams that have drained an estimated 6B baht (~$189M) from victims over the past year.
👉 On one hand, yay, fighting scams!
👉 On the other… remember, these weren’t proven scam accounts – just suspected ones. Meaning, innocent people and businesses lost access to their own money, too.
Which isn’t fair.
Hmmm… if only there were a system that fixed this…
🤔🤔
Lemme introduce you to something called Bitcoin.
Now, to be fair, Bitcoin doesn’t stop scams – those definitely exist in crypto too.
But it does stop innocent people from losing access to their money because of “suspicion.”
If you hold your Bitcoin in self-custody, no one can freeze it. There’s no central authority with a kill switch. Transactions are peer-to-peer – no bank approval required.
The trade-off? Absolute control means absolute responsibility: no reversals, no bailouts, no customer support to call if you mess up.
Basically, with banks, you trust institutions. With Bitcoin, you trust yourself.
Choose your fighter 🥊
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Now you’re in the know. But think about your friends – they probably have no idea. I wonder who could fix that… 😃🫵 Spread the word and be the hero you know you are! |
