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Topic: Re: i'm glad there are so many scams and frauds - page 3. (Read 4293 times)

legendary
Activity: 1512
Merit: 1012
I'm not glad that there are so many scams and frauds.

people is idiot ... they always think that an anonymous can make you rich.
human must evolve ... with bitcoin, if they loose, they learn.
legendary
Activity: 4410
Merit: 4766
I'm not "glad" that there are scams. However, there is a positive effect, which is inoculation of the system.

As scams happen, and businesses fail, and trust is tried and tested and broken, it builds the resolve and resiliency of the system.  Just as a society never exposed to any virus may be wiped out at the first appearance of one, so too an economy never exposed to fraud/failure is more susceptible to a massive disruption when one arises.

You can also think of this in terms of natural selection. Weak businesses and people will lose their money, the strong will earn, keep, and build with it. Capital tends to move toward its best caretaker in a free market (though it's not a straight line to get there - many bumps and regressions along the way).

great explanation, a small dose of a biological virus can be used as a vaccine to cure an epidemic before it spread.

but the thing i and you may both agree on, is to not allow such nasty things to grow. meaning no one should foolishly put their life at risk entering a hazard zone. by this i mean do not put your whole life savings or full bitcoin hoard into unknown third parties
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
you can´t argue like that when you want mass-adoption.
hero member
Activity: 490
Merit: 500
Another benefit is that the scams help keep the btc price under control enabling more new adopters to get in reasonably cheaper
Onwards and upwards...
full member
Activity: 378
Merit: 100
As long as you don't transfer the bitcoins out, keep your wallet safe, you should be generally fine.
sr. member
Activity: 406
Merit: 250
I have gotten an education from reading the stories on this site for sure. I don't trust anyone but myself with my bit coin.
legendary
Activity: 966
Merit: 1000
You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


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