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this post was submitted on 25 Feb 2025
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Specifically too it's very easy to steal in bulk. Sure scamming grandma and grandpa out of their life savings has way fewer safeguards with crypto than with fiat currency, but it's absolutely still possible without crypto and happens all the time. This is the monetary equivalent of stealing nearly 16,000 kg of gold – something unthinkable with fiat currency.
Though someone did steal 3,000 kg of gold one time.
https://en.wikipedia.org/wiki/Brink's-Mat_robbery
Holy moly. 3,000 kg of gold at today's price would be $281,382,000 (281 million dollars). Gold is $93,794 per kg at the moment.