BitCoin Scamming Business is Booming! - page 5.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: franky1 on September 08, 2014, 03:42:52 PM

Quote from: Damnyo on September 08, 2014, 12:52:36 PM

Unfortunately, Bitcoin is an excellent medium for scaming.

NO

all money is equally excellent medium of scamming, just bitcoins rarity makes it more desirable.

its not about ease of scamming..... think about it
theres fiat bank notes, no consumer protection
theres bank regulations that supposedly protect people from losses
theres paypal with their ssl connections and encrypted databases.

YET

people still get scammed by chargeback scammers and the victims have no recourse.

the only lesson to learn is that bitcoin is YOUR funds. do not blindly trust someone you cant slap across the face with a wet fish

Bitcoin is still a better way to scam as it is much harder to track. You wouldn't want to give someone your bank if you are trying to scam him..

ShintoshiBTC

full member

Activity: 140

Merit: 100

YOU"RE LIKE A TIMEBOMB!

When there is something to scam for then there will always be scammers. Even religion is "scammable"..

Bitcoinpro

legendary

Activity: 1358

Merit: 1000

Quote from: franky1 on September 08, 2014, 03:42:52 PM

Quote from: Damnyo on September 08, 2014, 12:52:36 PM

Unfortunately, Bitcoin is an excellent medium for scaming.

NO

all money is equally excellent medium of scamming, just bitcoins rarity makes it more desirable.

its not about ease of scamming..... think about it
theres fiat bank notes, no consumer protection
theres bank regulations that supposedly protect people from losses
theres paypal with their ssl connections and encrypted databases.

YET

people still get scammed by chargeback scammers and the victims have no recourse.

the only lesson to learn is that bitcoin is YOUR funds. do not blindly trust someone you cant slap across the face with a wet fish

A good example would be leaving "bad feedback" if the purchase is not large enough to warrant the option of insuring your BTC with paypal (ie when they get around to implementation)

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: Damnyo on September 08, 2014, 12:52:36 PM

Unfortunately, Bitcoin is an excellent medium for scaming.

NO

all money is equally excellent medium of scamming, just bitcoins rarity makes it more desirable.

its not about ease of scamming..... think about it
theres fiat bank notes, no consumer protection
theres bank regulations that supposedly protect people from losses
theres paypal with their ssl connections and encrypted databases.

YET

people still get scammed by chargeback scammers and the victims have no recourse.

the only lesson to learn is that bitcoin is YOUR funds. do not blindly trust someone you cant slap across the face with a wet fish

Damnyo

newbie

Activity: 42

Merit: 0

Unfortunately, Bitcoin is an excellent medium for scaming.

awesome31312

hero member

Activity: 826

Merit: 504

In an ideal world where free market capitalism is the way of life, scammers will always have an advantage over the economy unless there is also free speech, which would prevent scammers from successful business. Precaution is essential in the Bitcoin world.

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote from: mllenios on September 08, 2014, 09:25:53 AM

Quote from: bbit on September 07, 2014, 09:49:42 PM

Quote from: altcoinlady on September 07, 2014, 09:43:27 PM

Quote from: Bitbirdhunt on September 07, 2014, 01:09:50 PM

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.

So what are you going to do with the known scammers here?

burn them at the stake ?

Is there any ruling here for those who scam people here?

We just burn them at the stake. This is the only rule.

futureazy

newbie

Activity: 56

Merit: 0

Scammers are everywhere, you can't trust any person in this world, real and virtual.

SwingBTC

newbie

Activity: 42

Merit: 0

Lots of people try to scam you using the bitcoin anon capabilities as a cloak Roll Eyes

mllenios

full member

Activity: 154

Merit: 100

PAMINTA 101

Quote from: bbit on September 07, 2014, 09:49:42 PM

Quote from: altcoinlady on September 07, 2014, 09:43:27 PM

Quote from: Bitbirdhunt on September 07, 2014, 01:09:50 PM

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.

So what are you going to do with the known scammers here?

burn them at the stake ?

Is there any ruling here for those who scam people here?

franky1

legendary

Activity: 4410

Merit: 4788

Quote from: Melbustus on September 07, 2014, 11:03:08 PM

It's worth noting that the situation is MUCH better now than it was in 2011.

yep everyone seems to have forgotten Bitcoin Savings and Trust, bitcoinica, intersango, GBLSE to name just a few, but none of this compares to the billions of dollars HSBC scam people.

oh and need we forget cops seizing money without the victim committing a crime (policing for profit)
http://www.youtube.com/watch?v=DiGRMD4NXVA
http://www.youtube.com/watch?v=5ec3nATX8gw
http://www.youtube.com/watch?v=n2iJ7UBODw8
http://www.youtube.com/watch?v=bMVIdA3UEcU
http://www.youtube.com/watch?v=HGh-7LOzeHw
http://www.youtube.com/watch?v=vMMZiyR-wxc

Melbustus

legendary

Activity: 1722

Merit: 1004

It's worth noting that the situation is MUCH better now than it was in 2011.

In 2011, people were creating companies and bitcoin "investment" vehicles right and left, and there were two big problems:
1) Very few understood proper bitcoin security
2) Many operators remained fairly anonymous, and no one had meaningful "rep", really; neither individuals nor companies.

So plenty of sites run by honest people were hacked, plus a number of sites were not run by honest people. But as time went by, people figured out cold/hot wallet best-practices, honest people built trust, and bitcoin users learned to pay close attention to security practices (our own, plus those of any business with which we interact) as well as those who operate the sites/businesses we deal with.

I'd say things got MUCH better toward the end of 2012.....but yeah, it sucked for a while.

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote

although bitcoin scamming is rampant. its not as high as FIAT scamming

This is correct ^^ . Fiat rules the scamming arena.

Quote

lets start with TAX: once you add sales tax, income tax, local community(state/council) tax, car fuel, cigarettes, alcohol price inflation(tax). you will realise FIAT scamming is atleast 50% of what people earn
and thats just where funds disappear to from public sector industry making excuses for why your account is lower then it should be and they know there is little to nothing you can do about it..

And you support the point with real evidence.

Quote

should i then talk about the credit card fee's, mortgage interest, bank charges, etc that the private sector scam from people.

should i then talk about the boiler room, nigerian prince, colder callers? or the pickpockets or ATM skimmers (card cloners).

Bottom line, FIAT wins for scammers vs. Bitcoins.

franky1

legendary

Activity: 4410

Merit: 4788

although bitcoin scamming is rampant. its not as high as FIAT scamming

lets start with TAX: once you add sales tax, income tax, local community(state/council) tax, car fuel, cigarettes, alcohol price inflation(tax). you will realise FIAT scamming is atleast 50% of what people earn
and thats just where funds disappear to from public sector industry making excuses for why your account is lower then it should be and they know there is little to nothing you can do about it..

should i then talk about the credit card fee's, mortgage interest, bank charges, etc that the private sector scam from people.

should i then talk about the boiler room, nigerian prince, colder callers? or the pickpockets or ATM skimmers (card cloners).

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

Quote from: altcoinlady on September 07, 2014, 09:43:27 PM

Quote from: Bitbirdhunt on September 07, 2014, 01:09:50 PM

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.

So what are you going to do with the known scammers here?

burn them at the stake ?

altcoinlady

member

Activity: 93

Merit: 10

Imagine Me and You

Quote from: Bitbirdhunt on September 07, 2014, 01:09:50 PM

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.

So what are you going to do with the known scammers here?

Bitbirdhunt

member

Activity: 77

Merit: 10

Scamming is everywhere, from paypal and credit card frauds to bank frauds. Even Bitcoin is now its part. It can't be stopped.

arxwn

newbie

Activity: 56

Merit: 0

It was a matter of time before independent trust institutions would emerge.
Like http://www.badbitcoin.org/index.htm

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: altcoinlady on September 07, 2014, 08:46:49 AM

lol... So every full member here were scammed?

Yes, sometimes more than once. It's because back then we were all just playing with fake internet money that we created easily out of thin air anyway. lol

altcoinlady

member

Activity: 93

Merit: 10

Imagine Me and You

lol... So every full member here were scammed?

Topic: BitCoin Scamming Business is Booming! - page 5. (Read 10790 times)