Topic: Bitcoin Biggest Issue (Service Giving Scams) - page 2. (Read 1767 times)
The issue is that any business invites competition. The most successful businesses will be the ones providing the best service for least amount of money. Which means profit margins continually get reduced. Which almost always means that a successful bitcoin business will inevitably face a point of where it's expected lifetime profits dip below its current rip off all coins and walk away value. Then the customers are left to the mercy of the operator. There are no easy solutions. One is to insist on truly knowing the operators IRL. Don't settle for corporate/company/website shell as the entity with which you are doing business. All bitcoins in the end are quasi personal property. There can only be one responsible alive human being behind the address. And always remember coins not in your wallet aren't yours.
If you leave coin in an online wallet it is like using an uninsured bank. If that bank gets robbed you get robbed. They can be convenient for small amounts of coin, like carrying cash you know you might lose it, so you don't carry your life savings around a dodgy neighbourhood.
Anonymity for the user, not the service provider. Don't put your coins into an unknown person's hands.
If inputs.io had been a registered company with the owner's real name and information verified and public, this wouldn't happen. Not unless the owner has a death wish.
If inputs.io had been a registered company with the owner's real name and information verified and public, this wouldn't happen. Not unless the owner has a death wish.
Hello everyone,
I have read Alot about BTC and its risks, except 51% attack and mining pool taking over BTC,
I think the biggest threat are the giving services online, for example Inputs.io and many more which got "hacked" (scammed by site owner)
when people give a certain service their trust and put their funds in their hands, sometimes the person who gives you the service gets blinded by the amount of bitcoins they have.
somtimes they think, "wouldn't it be easyer to steal all the coins and not work a day in my life?" YES it would!
is there anything can be done so their subscribers wont give their trust (and bitcoins) to a service but still use their service?
I have read Alot about BTC and its risks, except 51% attack and mining pool taking over BTC,
I think the biggest threat are the giving services online, for example Inputs.io and many more which got "hacked" (scammed by site owner)
when people give a certain service their trust and put their funds in their hands, sometimes the person who gives you the service gets blinded by the amount of bitcoins they have.
somtimes they think, "wouldn't it be easyer to steal all the coins and not work a day in my life?" YES it would!
is there anything can be done so their subscribers wont give their trust (and bitcoins) to a service but still use their service?
yes its called common sense and the wet wish rules..
common sense tells me, if i own property why would i give it to someone else to look after, unless they offered me something i couldnt do myself.
and the wet fish rules.
if you dont know this person..
cannot identify them officially..
cannot meetup with them...
cannot pass details about them for the police...
... to slap them across the face with a wet fish, if something went wrong... dont deal with them
I actually agree.
Many service providers are actually scammers, that delay orders, claim wallets are hacked or even disappear.
This is extremely concerning because people with Bitcoins cannot define what is going to go wrong, and even veteran bitcoin users get scammed too.
Many service providers are actually scammers, that delay orders, claim wallets are hacked or even disappear.
This is extremely concerning because people with Bitcoins cannot define what is going to go wrong, and even veteran bitcoin users get scammed too.
We need somthing to be done about this.
that is why its hard to use bitcoin as a currency its more of an asset (like gold).
we need to fix this issue, i think its the biggest one yet for bitcoin.
I actually agree.
Many service providers are actually scammers, that delay orders, claim wallets are hacked or even disappear.
This is extremely concerning because people with Bitcoins cannot define what is going to go wrong, and even veteran bitcoin users get scammed too.
Many service providers are actually scammers, that delay orders, claim wallets are hacked or even disappear.
This is extremely concerning because people with Bitcoins cannot define what is going to go wrong, and even veteran bitcoin users get scammed too.
Hello everyone,
I have read Alot about BTC and its risks, except 51% attack and mining pool taking over BTC,
I think the biggest threat are the giving services online, for example Inputs.io and many more which got "hacked" (scammed by site owner)
when people give a certain service their trust and put their funds in their hands, sometimes the person who gives you the service gets blinded by the amount of bitcoins they have.
somtimes they think, "wouldn't it be easyer to steal all the coins and not work a day in my life?" YES it would!
is there anything can be done so their subscribers wont give their trust (and bitcoins) to a service but still use their service?
I have read Alot about BTC and its risks, except 51% attack and mining pool taking over BTC,
I think the biggest threat are the giving services online, for example Inputs.io and many more which got "hacked" (scammed by site owner)
when people give a certain service their trust and put their funds in their hands, sometimes the person who gives you the service gets blinded by the amount of bitcoins they have.
somtimes they think, "wouldn't it be easyer to steal all the coins and not work a day in my life?" YES it would!
is there anything can be done so their subscribers wont give their trust (and bitcoins) to a service but still use their service?
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