Isn't this whole bitcoin thing just a big scammers party?

Litecoindigger

jr. member

Activity: 103

Merit: 3

Quote from: terabit on August 20, 2012, 01:41:41 PM

everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,

isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...

It's clear the scammers are not far away if there is a chance to scam people and earning good money. Lots of investors are very naive when it comes to investing. They are easy to scam because the do not their own research, see Bitconnect.

You can't compare Bitcoin to a scamsite as Bitcoin has a real intention and is working. It's waterproof and most people hating against it are afraid from it like banks or rulers. Finally Bitcoin will steal their methods scamming all the people.

p4npos

newbie

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The world is full of scammers and theives. Does it mean we should stop living in it. The answer is no. We should be careful of any scams and keep our eyes open for any wrong doings in the cryptocurrency market. Am i right guys?

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

The reason is because of Sutton's law. Based on bank robber Willie Sutton"s supposed quote. When a reporter asked him why he robs banks he replied "Because that's where the money is". Money attracts criminals, plain and simple. Bitcoin is money so it should be no surprise to see all the scams here.

MintDice

member

Activity: 238

Merit: 46

Unfortunately, the vast part of society does not understand it well. Thus, malicious people are using new tactics, as well as those that were used in fiat currency, to steal from unknowing people. However, there are a lot of way to avoid this, which we touch on in our blog post:

Bit.ly/ScamCoins

Hope this helps!

Portnoy

legendary

Activity: 2030

Merit: 1000

My money; Our Bitcoin.

I would suggest one to look closer at what Bitcoin can allow in terms of personal security of ones own money.

Look at the systems and services that are being built to work with it... For example I find Open Transactions to be something exciting that will work very well along side Bitcoin.

https://github.com/FellowTraveler/Open-Transactions/wiki

Quote

The real beauty of Open-Transactions is the as-yet-unwritten future of new ideas that you can build with it, and the future liberty and security of your children that you can help to protect by doing so—in a very real and tangible way.
...
The vision is not of a central server that you must trust.
Rather, the vision is of federated servers you don’t have to trust.

memvola

hero member

Activity: 938

Merit: 1002

Common sense and tradition need time to form and mature. I imagine most of when and where decentralized physical currencies were the convention, it wasn't like the wild west. Not only individuals and businesses find a way to deal with scammers, the society shapes itself so that scams aren't prevalent (education, intimidation, etc.). Worst case, there is evolutionary pressure favoring societies that has lower parasite problems.

Centrally controlled currency is around for millenia, and it's still not exactly settled. My opinion is, it's easier to find ways that lets us do businesses transparently and gauge who to trust and who not to, with systems built on and similar to Bitcoin. We don't even need millenia. But if you think this will happen overnight, then I guess it's better to stay away from Bitcoin. Otherwise, godspeed. We are all building this new future, even the scammers are contributing to it. Wink

DreadSy

newbie

Activity: 8

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Scamming comes and goes with currencies, as I hope with Bitcoin (going that is, not coming). It's the lack of regulation that scares most people because there's no further authority if you've been scammed.

If we're going to establish Bitcoin as a legitimate currency then we can either jump in and hope for the best or run away. I'd like to think that I've been sensible and used a little thing called common sense, and maybe it was just luck, but I've avoided being the victim of any scammer throughout the last two years or so of being involved in the Bitcoin industry and trade.

I have quite a bit of faith in Bitcoin, but I have no faith in the people who use the currency and give up at the first sign of trouble. This doesn't make the currency stronger or more likely to have the chance of sufficient regulation. It means the new economy is one more man down.

Long Live Bitcoin! Grin

MrCory

newbie

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Bitcoin is essentially the equivalent of anonymous cash on the internet. You have btc scammers just like you have scammers everywhere else. Bitcoin is just a semi safe way to screw someone.

JMAHH

sr. member

Activity: 280

Merit: 250

Quote from: Evolvex on August 22, 2012, 02:50:28 PM

Lol, I've wondered the same thing I must admit, or at least, should I say I have wondered if Bitcoin itself is the product of a MAJOR international scam, create a currency thats cool - wait for it to get big - "we'll have that thank you very much".... The bad people of the world could of created it, drug cartels, hackers, NWO, Govn, CIA etc, however its out there now - what happens with it could be out of there control.

However, I'd like to believe that the whole crytocurrency thing "could" be the start of something awesome to happen to mankind (for once).

And for that, I'm willing to give it attention and hope for the best.

Lol I can kind of go with that, especially with the "anonymous" creator of Bitcoin who won't step into the spotlight...

skinturtle

newbie

Activity: 28

Merit: 0

Quote from: terabit on August 20, 2012, 01:41:41 PM

everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,

isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...

well, there's really a lot of scam sites in the internet. not just people asking for bitcoin but any other types of money as well. pyramid schemes are also very popular in our traditional currency.

the truth is, people are gullible and get scam. no matter what currency you are using

RB26DETT

member

Activity: 65

Merit: 10

Compared to normal currency i see no difference.
i get scammed by the government every day
atleast here i can blame myself for falling for mistakes

CryptoFreak33

newbie

Activity: 57

Merit: 0

Quote from: terabit on August 20, 2012, 01:41:41 PM

everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,

isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...

The non-digital world is rife with scammers, untrustworthy people, hackers, and pyramid schemes. It sees like everyone wants to rob you of your fiat money. Does this show a weakness in fiat? Do you trust your money less because everyone is after it? Of course not! You realize that people want it because, on some level, it's valuable. Why, then, would you blame Bitcoin for the bad behavior of those who use it?

Bugpowder

sr. member

Activity: 394

Merit: 250

Quote from: Shadow383 on August 23, 2012, 12:41:24 PM

Quote from: terabit on August 20, 2012, 01:41:41 PM

everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,

isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...

Bitcoin itself isn't a trap, what it is is unregulated - it lends itself to illegal activity, and as a result there's proportionally more shady activity than in other currencies.
Still, buyer beware. If you're financially savvy you have nothing to worry about.

Quote from: Bugpowder on August 23, 2012, 07:45:42 AM

It is fascinating and unbelievable to me how gullible many users are. I thought people with bitcoins must more technically savvy and that would make them financially savvy, but it turns out those two things are totally decorrelated.

This.
There's a lot of incredibly gullible people on here dropping staggering amounts of money on people they don't know for projects they don't understand.

The words "due diligence" seem to be meaningless to some members...

Before anyone puts money in one of these schemes they should first do some fiat trading of front month options on a stock going into an earnings call. Then they will learn how much it sucks to lose money on an investment you don't really understand.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: terabit on August 20, 2012, 01:41:41 PM

everywhere I look I see scam sites, untrustworthy people, hackers and pyramid schemes running riot,

isn't this whole bitcoin thing just a trap? I don't really see why you'd want to be part of it...

Bitcoin itself isn't a trap, what it is is unregulated - it lends itself to illegal activity, and as a result there's proportionally more shady activity than in other currencies.
Still, buyer beware. If you're financially savvy you have nothing to worry about.

Quote from: Bugpowder on August 23, 2012, 07:45:42 AM

It is fascinating and unbelievable to me how gullible many users are. I thought people with bitcoins must more technically savvy and that would make them financially savvy, but it turns out those two things are totally decorrelated.

This.
There's a lot of incredibly gullible people on here dropping staggering amounts of money on people they don't know for projects they don't understand.

The words "due diligence" seem to be meaningless to some members...

honda316

member

Activity: 87

Merit: 10

scary world out there homies

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Bugpowder on August 23, 2012, 07:45:42 AM

It is fascinating and unbelievable to me how gullible many users are. I thought people with bitcoins must more technically savvy and that would make them financially savvy, but it turns out those two things are totally decorrelated.

Some of those same technically savvy individuals can't even paste together a decent website, let alone have a rudimentary command of the English language (their mother tongue) to populate said site with coherent content.

Case in point, to use as an example, my brother-in-law is one of the best hand-tooled leather producers in the world, but his various sites suck grande.

~Bruno~

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: Portnoy on August 20, 2012, 02:14:29 PM

Quote from: terabit on August 20, 2012, 01:51:18 PM

Quote from: Gabi on August 20, 2012, 01:48:41 PM

Yes it is a scam. Quickly uninstall bitcoin before it's too late! Luckily you are smart enough to discover the truth! Shocked

Quote

scam sites, untrustworthy people, hackers and pyramid schemes

Oh you mean the SAME things that exist with dollars or euros? Roll Eyes

why are forum members supporting the scams?

https://bitcointalk.org/index.php?topic=74046.0;all

is it just because they find it funny that people get tricked or what?

It is not just forum members but the forum itself!!!1 That is a part of the New to Bitcoin? Start here! thread! Shocked

You've exposed a major conspiracy my boy! Keep up the good work and you may be asked to work with Phinnaeus Gage. He is no doubt getting ready to start his next big attention grabbing witch hunt. Cheesy

I am Phinnaeus Gage, a.k.a. Bruno (and Duck & Al the Alpaca AnD Da Bitcoin Guy, and a couple others, but done that I'm hiding behind--all known on this forum), and I approve this post.

~Bruno~

Bugpowder

sr. member

Activity: 394

Merit: 250

Seals certainly isn't. But that doesn't mean you won't lose money on the site now that a few real poker players have discovered it. My skilled friend has 150% ROI there, put in 175, now up to 450BTC just from playing. I am down 70 Undecided

memvola

hero member

Activity: 938

Merit: 1002

Quote from: terabit on August 20, 2012, 01:51:18 PM

Quote from: Gabi on August 20, 2012, 01:48:41 PM

Yes it is a scam. Quickly uninstall bitcoin before it's too late! Luckily you are smart enough to discover the truth! Shocked

Quote

scam sites, untrustworthy people, hackers and pyramid schemes

Oh you mean the SAME things that exist with dollars or euros? Roll Eyes

why are forum members supporting the scams?

https://bitcointalk.org/index.php?topic=74046.0;all

is it just because they find it funny that people get tricked or what?

Which one of those sites do you think is a scam? Can you be a little more transparent?

jasoncol

newbie

Activity: 6

Merit: 0

Scammers are everywhere, it doesn't depend on the currency or technology used. There has been a lot of ponzi schemes in the past and a lot of stupid people have lost their life savings trying to get easy money. Stay away from scammers and use bitcoins wisely.

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