Users need to practice good security practices. Gone are the days of having Liverpool as a password 
Forget passwords. Cold storage is where your bitcoins should be.
Topic: Re: i'm glad there are so many scams and frauds (Read 4302 times)
Forget passwords. Cold storage is where your bitcoins should be.
Users need to practice good security practices. Gone are the days of having Liverpool as a password
That throws the 'small amount' argument out of the window.
It does not. Cross reference the price and amounts.
The biggest amount of known stolen bitcoin is 144K that the FBI looted from SR1.
Compared to historical and ongoing heists the ones happened in bitcoin world were rather insignificant so far.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
It is a 'learning' experience for them.
It is kind of like that.
With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk.
With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges.
so people are hoarding coins so value goes down. it looks like it wont be a true currency anytime soon
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
It is a 'learning' experience for them.
It is kind of like that.
With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk.
With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges.
One of the selling points of bitcoin is the decentralized trust.
You don't have to trust anybody, not the government, not the central bank.
So I see no reason why you should trust exchanges with your bitcoins.
We will have to wait till smart contracts replace escrows.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
It is a 'learning' experience for them.
It is kind of like that.
With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk.
With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges.
One of the selling points of bitcoin is the decentralized trust.
You don't have to trust anybody, not the government, not the central bank.
So I see no reason why you should trust exchanges with your bitcoins.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
It is a 'learning' experience for them.
It is kind of like that.
With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk.
With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
Most scams are very obvious. But there were some pretty elaborate scams, never forget that
True. Pretty knowledgeable people have fallen prey to scams as well.
Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams.
Pirate was clearly operating an obvious ponzi, while gox was having USD withdrawal problems for months before getting down...
That is silly to blame people for being scammed in the event they come across one of these scams. If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story. The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame.. 
I am not saying the scammers are blameless. Of course, they should be blamed. If they are caught, they should be punished.
I am merely trying to find a silver lining from the point of view of the scammed.
That is silly to blame people for being scammed in the event they come across one of these scams. If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story. The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame..
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
It is a 'learning' experience for them.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed?
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
Most scams are very obvious. But there were some pretty elaborate scams, never forget that
No one here remember Coin2x scam?
There were really many people involved, I'm still waiting for my refund hahah
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
Most scams are very obvious. But there were some pretty elaborate scams, never forget that
True. Pretty knowledgeable people have fallen prey to scams as well.
Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
Most scams are very obvious. But there were some pretty elaborate scams, never forget that
True. Pretty knowledgeable people have fallen prey to scams as well.
Don't send anything to any address promising you to profit from your deposit. Don't use any means of transaction offering an unrivaled deal/rates. Just stick to the norm, what everyone uses, and you are safe. Not just for bitcoin but as a rule of thumb, this is very handy to go by.
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
MOD NOTE:
Split from https://bitcointalksearch.org/topic/im-glad-there-are-so-many-scams-and-frauds-111855
Most scams are very obvious. But there were some pretty elaborate scams, never forget that
The problem with bitcoin is... you can look like you're a bitcoin fan or pioneer talking about anonymity and privacy. As bitcoin users, you can and should be able to remain anonymous. The issue is, we let the seller reamin anonymous and this will never work. EVER. There has to be a trade off. If you are in business, you have to be transparent. Our problem is, we allow sellers to be anonymous and this is a recipe for scam-o-rama. It allows for the screw 1, serve 4 screw 1 serve 4 mentality.
IMHO - If you are a seller or in retail, then put anonymity behind you. You gotta be transparent for customers
IMHO - If you are a seller or in retail, then put anonymity behind you. You gotta be transparent for customers
Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?
There are infos about double-spends in the blockchain, but they are understimated, as far I know.
And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money.
Wouldn't this primarily relate to 0/1 confirmation transactions, which would be small amounts?
For larger amounts, wouldn't people wait for 6 confirmations, thereby eliminating double spending risk?
Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?
There are infos about double-spends in the blockchain, but they are understimated, as far I know.
And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money.
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