Topic: Too much scamming in Bitcoin - page 2. (Read 4485 times)

Where's the money, there is also fraud.

Scamming happens because greed is human nature. Where there's money to be made there wil be scammers.

Yes, there are scams elsewhere - but nowhere on the planet will you find it as compressed and centralized as in the Cryptocurrencty world.
Even the FIAT world isn't even remotely scammed this concentrated (how often do you need to check your wallet at home, just to see if your cash is still there? Or take it out of the wallet and hide it somewhere on your property using elaborate cryptic hideout maps&pointers to find it again - just to get an acceptable level of safety?)

And with the Gold world, the scamming is literally very low and focussed on a few counterfeit products (many easy to spot, most relatively easy to test - if ever in doubt, you can ask a friendly dealer or goldsmith to perform tests for you with his equipment for a small fee and get definite results). Despite chinese factories increasing their capabilities recently, purchasing gold from any reputable dealer (which runs tests with suitable equipment) rarely has resulted in being scammed in the big scheme of things. Not even the most advanced counterfeiters can defy the laws of physics - and any additional efforts decreases their profits. In my ~5 years, I never ran into any problems following only very basic guidelines even a child could understand.

Like it or not, Bitcoin operates in its own world called Scam-U-Topia - a paradise for little and big scammers.
I mean when was the last time you heard i.e. even Wall St. openly announcing their latest Ponzi scheme (guaranteed 140% payout!)? - only in the Bitcoin world you get that on a daily basis.
People are so used to scams and see them literally every hour at every corner, some even made an open business model of it *lol*

Scamming happens all over when people lack suitable knowledge on the topic.

Lots of 'experts' rip people off by charging over the odds for services they do not require, and because the customer is ill-informed they buy into it.

People criticise Bitcoin for various reasons, but they don't actually realise that they are actually describing fiat and gold too.

I guess we should probably call it corporatism and nepotism then if we are going to be technical

Real capitalism does not exist in today's world.
So blaming "capitalism" is not accurate.

Welcome to capitalism - this whole shit is a scam, son.

Those with real power - real wealth, they pay very dangerous men to wield guns at you on their behalf. There is no capitalism without violence. There is no capitalism without deception and exploitation.

You should really watch "American Hustle".

It is a challenge for certain and finding trustworthy companies is part of that
But hopefully it improves with time

Right indeed. Mybad. Forgot to check the OP.

The guy is a troll.

He makes threads left and right for scamming.

He probably stole all of his coins, just like 90% of the Bitcoiners. That is why most of the people don't want anything to do with Bitcoins or people who deals with crypto-coins such as BTCs and LTCs.

You stole his wallet, or helped teach him how to be more careful after fixing his problem?

Found some stash of homemade porn?

 

Heh, it's amazing how naive some people still are.

A few months ago I found some noob who was having trouble with his wallet and was dumb enough to let me have remote access to his computer.

You can guess what happened after that.

I really wouldn't equate intelligence with the ability to take the necessary precautionary measures to prevent loss of their BTC. While intelligent people may be more likely to read about how to have security in place - so too can a layman provided they aren't lazy/disinterested. Anyway, I wouldn't be too worried - most people using it at the moment are somewhat tech savvy and the corporations that support BTC in the future will help to babysit the people who are less knowledgeable in these matters.

That is an over simplification. Yes... I agree party. Bitcoin owners who are too trusting, less intelligent and having lower levels of computer knowledge are more likely to get hacked compared to others. But at the same time, we take proud comfort in saying to the general public that the Bitcoin is a currency for everyone, not just the high-IQ types.

People prefer to get protected and scammed by their big master, slowly but surely

In a decentralized world, they are not scammed by any body by default, but they have to learn how to manage the risk by themselves. To be honest, this is kind of inefficiency in a decentralized system, I don't know if it really provide better protection than a centralized system,  in a centralized system you get much better protection and much higher risk at the same time

Are you high or something?

Forex trading with leverage.

YES!!!!!!!!!! Couldn't agree more with OP

And you know what, I have heard the red part above from others too. Be it exchanges going offline or asking for too much personal info, or scammers on localbitcoins (SEPA wires mean almost 100% you will be scammed), it is SCAM-O-RAMA and newbies connect BTC with that in their minds.

Very frustrating and very bad for Bitcoins.

Bitcoin needs regulation, but not KYC regulation - antiscam regulation. I think we can have a look at Sharia compliant legislation concerning cryptocurrencies, or maybe, if Bitcoin is wild west, that would be a possible scenario: Hang them!!

This is a new field with brilliant potential for intelligent people, and what do lots of them do? Buy coins with stolen accounts, hack peoples wallets and so on  ---> need to be removed from gene pool ASAP  

The only good thing about KYC is that it makes it harder for that scum to cash out on a large scale...