Quote from: VicManton on April 30, 2024, 01:02:07 PM

I believe if a carnival like this(https://www.bitget.com/support/articles/12560603808932) can be adopted on crypto avenues, it could go a long way to help traders safeguard their assets from the volatile nature of the crypto market, becauseI know if things like this were in place, I would not have lost my assets three years back after I made some profits from the massive bull market saw.

That is the main issue with the concept of crypto saving accounts, lending and staking programs: safeguard.

To generate passive income from your holdings, you inevitably have to guarantee third party services direct access to your funds. And if they have access to your funds, it means it's not safeguarded anymore... Hacks, scams and inside jobs are possible to happen, and in positive case, your money is gone forever. There aren't assurances you are going to be reimbursed, at least not totally.

In previous cases, I've seen scammed customers being partially reimbursed by scammy services, but never fully. The law protects the individuals until certain point. For that reason, it's better to simply trust in yourself to protect your money, and forget about "guarantees" given by third party services and sectors of society, which in theory works nicely, but in practice cause little factual impact in society.