Even insurance is a shitcoin
"Normally . . . a trading house could make a claim against a cargo’s insurance policy. But Mercuria found that just one out of seven contracts used by the Turkish company to insure the cargo was real. The rest had been forged"
https://www.bloomberg.com/news/articles/2021-03-09/trader-buys-36-million-of-copper-and-gets-painted-rocks-instead?sref=vuYGislZ
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@NunyaBidness The utter lack of common sense cryptography in 2021 strikes again.
PGP solved this decades ago.
