The good news: Significantly less people are falling for ponzi schemes similar to BitConnect than in 2017:
Its good to see the crypto community getting matured and not falling to ponzi schemes anymore. Its time may be for ponzi schemes to change there strategy as existing ones are no longer getting success. On the other hand the community should be ready for new wave of frauds/ponzi.
Ponzis that aren't ponzis, aren't ponzis (if that makes sense
). The strategy can't really be changed, just the face of it. They should change their strategy to just building legitimate products!The bad news: Over $1.9 billion has been hacked or stolen from protocols and users during the first 7 months of 2022
This is an inherit feature of Bitcoin and can never be fixed. The weakest link in digital security of every entity is the human link. As long as humans are willing to make some mistakes, the hacking business will continue to exists.
The non-refundable nature of transactions will never be fixed, sure, but that is not a downfall of Bitcoin nor is it a digital security issue. Strengthening each human link is one of the motivations toward the Cybersecurity & Privacy board. The more people that learn, the more people become strong enough to resist attacks. Even web administrators and smart contract developers could benefit from the cybersecurity part of the board. It might not be something that can be completely eliminated (unless security innovation beats hacking innovation) however it can be significantly be reduced...especially when you think about how many users still use flawed Microsoft and Apple products over how many people know about let alone use Linux.