Too much scamming in Bitcoin - page 3.

tzortz

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Quote from: igorr on April 12, 2014, 02:47:06 PM

Quote from: tzortz on April 12, 2014, 02:26:23 PM

Quote from: igorr on April 12, 2014, 01:40:35 PM

Quote from: CWestermark on April 11, 2014, 04:40:11 PM

First MtGox disapears with an BTC fortune and then Neo Bee. Besides them, there are countless mining companies that never refund their clients on empty promises. Sadly, in generall there is to much scamming going on in the BTC to get this mainstream! Noone want to get ripped off. Especially on his/her first encounter with BTC. And sadly, right now, too many people encounter a scam as their first encounter with BTC.

Bitcoin= scam = Fast money = Easy money of fools

Excuse me, but what are you doing here?

earning money

How?

igorr

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Activity: 406

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Quote from: tzortz on April 12, 2014, 02:26:23 PM

Quote from: igorr on April 12, 2014, 01:40:35 PM

Quote from: CWestermark on April 11, 2014, 04:40:11 PM

First MtGox disapears with an BTC fortune and then Neo Bee. Besides them, there are countless mining companies that never refund their clients on empty promises. Sadly, in generall there is to much scamming going on in the BTC to get this mainstream! Noone want to get ripped off. Especially on his/her first encounter with BTC. And sadly, right now, too many people encounter a scam as their first encounter with BTC.

Bitcoin= scam = Fast money = Easy money of fools

Excuse me, but what are you doing here?

earning money

tzortz

hero member

Activity: 728

Merit: 500

Quote from: igorr on April 12, 2014, 01:40:35 PM

Quote from: CWestermark on April 11, 2014, 04:40:11 PM

First MtGox disapears with an BTC fortune and then Neo Bee. Besides them, there are countless mining companies that never refund their clients on empty promises. Sadly, in generall there is to much scamming going on in the BTC to get this mainstream! Noone want to get ripped off. Especially on his/her first encounter with BTC. And sadly, right now, too many people encounter a scam as their first encounter with BTC.

Bitcoin= scam = Fast money = Easy money of fools

Excuse me, but what are you doing here?

sosulon

sr. member

Activity: 274

Merit: 250

Quote from: serenitys on April 12, 2014, 02:04:33 PM

Bitcoin didn't rip anyone off. Someone ripped off bitcoin from other people.

So your statement is bullshit and both are not mutually exclusive.

Guess we shoudn't feed those who wants to start a flame war Angry

serenitys

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Be Here Now

Bitcoin didn't rip anyone off. Someone ripped off bitcoin from other people.

So your statement is bullshit and both are not mutually exclusive.

igorr

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Activity: 406

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Quote from: CWestermark on April 11, 2014, 04:40:11 PM

First MtGox disapears with an BTC fortune and then Neo Bee. Besides them, there are countless mining companies that never refund their clients on empty promises. Sadly, in generall there is to much scamming going on in the BTC to get this mainstream! Noone want to get ripped off. Especially on his/her first encounter with BTC. And sadly, right now, too many people encounter a scam as their first encounter with BTC.

Bitcoin= scam = Fast money = Easy money of fools

musings23

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I think the Bitcoin foundation should be putting out a clearer guide for Bitcoin starters, what's worrying is that even they don't seem to be certain regarding who is competent. To think MT GOX was a gold member is a bit of a joke, and seriously undermined their credibility in my eyes.

Even stuff like upgrading your Bitcoin Core software isn't as clear as it should be. There are a few too many leaps of faith for new Bitcoin users to be fully comfortable with. The whole thing should be idiot proof, Bitcoin foundation should be acting as that official portal, with how-to videos covering everything ideally. If there was a clear source of this kind of information, the scammers would have a lot less to work with.

tzortz

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Quote from: drippx on April 12, 2014, 11:27:53 AM

Quote from: tzortz on April 12, 2014, 11:20:27 AM

Quote from: drippx on April 12, 2014, 10:44:21 AM

Bitcoin is worse than fiat in terms of scamming

Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

You mean if I get robbed, I can recover my lost money?

Sure like i said "somewhat" you get robbed and a few minutes later the popos catch him ... bitcoin once youre robbed i'd say the only chance is if the theif has a change of heart and sends the btc back

Similarly, you could recover the ip intruded in your pc using a keylogger, for example, you can also trace somehow, maybe of course, the person that had stolen you.

If you get robbed, doesn't matter if its btc or fiat, I believe its the protection similar in either case, we always need to take.

drippx

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Quote from: tzortz on April 12, 2014, 11:20:27 AM

Quote from: drippx on April 12, 2014, 10:44:21 AM

Bitcoin is worse than fiat in terms of scamming

Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

You mean if I get robbed, I can recover my lost money?

Sure like i said "somewhat" you get robbed and a few minutes later the popos catch him ... bitcoin once youre robbed i'd say the only chance is if the theif has a change of heart and sends the btc back

foggyb

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If there is too much, how much is just right?

Scamming didn't start with bitcoin, & it won't end with bitcoin.

Ironically, the US DOLLAR will end up being the biggest scam of all time, when the debt is defaulted on. Trillions will be wiped out overnight.

Quote from: tzortz on April 12, 2014, 11:20:27 AM

Quote from: drippx on April 12, 2014, 10:44:21 AM

Bitcoin is worse than fiat in terms of scamming

Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

You mean if I get robbed, I can recover my lost money?

Touche.

tzortz

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Quote from: drippx on April 12, 2014, 10:44:21 AM

Bitcoin is worse than fiat in terms of scamming

Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

You mean if I get robbed, I can recover my lost money?

bryant.coleman

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Quote from: drippx on April 12, 2014, 10:44:21 AM

Bitcoin is worse than fiat in terms of scamming
Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

Some times the advantages of the Bitcoin can turn to be its most serious drawbacks.

drippx

sr. member

Activity: 539

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Bitcoin is worse than fiat in terms of scamming

Because in bitcoin its tougher to get caught, once its gone its gone, with cash its somewhat recoverable

zhaojinqqq

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Because Bitcoin still young and too sophisticated.

bryant.coleman

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Quote from: franky1 on April 12, 2014, 04:56:56 AM

china and japan are the majority stake holders of USA Cheesy

China owns $ 1,273.5 billion in US bonds, while Japan owns $ 1,201.4 billion.

But the biggest owner of the US bonds is the Federal Reserve ($ 1,700 billion).

So in short, the US treasury owns some $1.7 trillion in debt to the US Federal Reserve.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: franky1 on April 12, 2014, 04:56:56 AM

china and japan are the majority stake holders of USA Cheesy

China is OK... but I don't believe that Japan owns some of the US dept. Japan itself is in deep debt.

franky1

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Quote from: bryant.coleman on April 12, 2014, 04:53:04 AM

I am not sure about this. But I think that a large part of that debt is converted in to bonds. And most of those bonds are owned by nations such as China and Japan. Grin

china and japan are the majority stake holders of USA Cheesy

i also edited my analogy slightly, its only aimed to show in laymans terms that banks have stolen more wealth by creating fake wealth (debt) which is equivelent to people in the wild west making/selling "fools gold".

just to show that gold/fiat markets are WORSE when it comes to gready scammers

bryant.coleman

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Quote from: franky1 on April 12, 2014, 04:46:07 AM

Imagine bank notes of all the main countries was pegged to gold. (the 171k tonnes of it). Then the market cap of THE WORLD would be $7trillion.

but look at the DEBT of just america $17.5trillion..

so that makes 2.5 multiples more banking theft by just american banks then all the value of the gold in the world

I am not sure about this. But I think that a large part of that debt is converted in to bonds (U.S. Treasury Securities). And most of those bonds are owned by nations such as China and Japan. Grin

franky1

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Quote from: TheButterZone on April 11, 2014, 11:25:10 PM

Quote from: bryant.coleman on April 11, 2014, 11:13:15 PM

The amount of total scammed Bitcoins might be more than 3 million (around 30% of all the Bitcoins), if we add the wallet hacks as well. This much scamming never happens in any other currency. One of the biggest disadvantages of Bitcoin.

Actually it's probably worse with fiat, if you take Federal Reserve, taxation, inflation from printing more money, and other malfeasance into account.

hypothetically
imagine america owned ALL GOLD and bank notes were pegged to gold. (the 171k tonnes of it). then the market cap would be $7trillion.

but look at the DEBT of just america: $17.5trillion..

so that makes 2.5 multiples more banking theft by just american banks then all the value of the gold in the world

Quote from: Phinnaeus Gage on April 11, 2014, 07:13:28 PM

WOW! That only make the market cap of gold at $7T.

yep.

simply put american banks have stolen $17.5trillion.. the world's gold is only worth $7trillion.
USBanks have stolen more wealth then bitcoin ever could.

tzortz

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Quote from: bryant.coleman on April 12, 2014, 04:36:19 AM

Quote from: Equate on April 12, 2014, 03:32:28 AM

anything related to money always attracts scammers. Rise in bitcoin value further lured more scammers.

That said, I am not seeing any significant reduction even after the value dropped by 70%. Grin

Yes but scammers already know that btc will rise to 1000$ again!

Cool

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