As with any problem, scale changes its nature.

With cash, you can only steal so much (or have transactions of up to certain size) until you run into geographical and physical constraints. With cryptocurrency, it’s possible to lose any amount.

With humans writing scam emails, you can only have so many of them until one blows the whistle. With LLMs, a single person can distribute an arbitrary amount.

At some point, quantity becomes a new quality, and drawing a parallel becomes disingenuous because the new quality has no precedent in human history.

▲

pixl97 2 hours ago | parent [-]

> (or have transactions of up to certain size)

And by that you mean tens of millions to billions right? Bank transfer scamming/fraud is a thing.

	▲	strogonoff an hour ago \| parent [-]
		The highlighted parallel is usually drawn between cryptocurrency and cash, not between cryptocurrency and banks. With both cash and cryptocurrency, as is the idea behind the analogy, 1) there’s no intermediary and 2) once it’s gone, it’s gone. Obviously, the banking system is not immune to fraud (not sure why you think I made that claim, unless your definition of “cash” includes electronic transfers), but banks and/or payment systems can (and do) resolve these cases and have certain KYC requirements.