Topic: Trust No One - page 10. (Read 161328 times)
Thanks for this thread, helped me a lot. Especially the link to the "securing your wallet" wiki.
A user on reddit trusted a random scammer and sent away about 200$ worth of BTC:
http://www.reddit.com/r/Bitcoin/comments/1d71ou/scam_if_you_got_this_message_do_not_send_anything/c9nlj1g
http://www.reddit.com/r/Bitcoin/comments/1d71ou/scam_if_you_got_this_message_do_not_send_anything/c9nlj1g
Quote from: dacoinminster
Seriously. Don't trust the exchanges, don't trust online wallet services, don't trust your anti-virus software, and don't trust anybody online.
Yep! Few are listening though... 
One problem with BTC seems to be that its striving to be two things.
A new currency not susceptible to inflation but also anonymous.
The anonymity and security portion are what increase transaction times to 1000X what most people would consider reasonable, and make the whole system so complicated that only extremely technically inclined people can use it.
That's locking out most of the population and only adding to the liquidity problem.
A new currency not susceptible to inflation but also anonymous.
The anonymity and security portion are what increase transaction times to 1000X what most people would consider reasonable, and make the whole system so complicated that only extremely technically inclined people can use it.
That's locking out most of the population and only adding to the liquidity problem.
Thus the creation of jobs, yes, bitcoin can create financial security officer employment positions. Let's say you know some people who want to drop a few thousand into bitcoin, just to invest, get their feet wet, be a "part" of the brave new Crypto Currency world, or maybe they like to gamble, or whatever. But they need security, they need to secure their bitcoins, or their litecoins, that's where the new position of Cryptographic Asset Security Management, (CASM), professionals step in and give those investors confidence that their bitcoin and litecoin wallets are safe, secure, and backed up in a safe location. Those people need advice, training and ongoing support, all for the everyday low price of just a fraction of a bitcoin, or two.
One problem with BTC seems to be that its striving to be two things.
A new currency not susceptible to inflation but also anonymous.
The anonymity and security portion are what increase transaction times to 1000X what most people would consider reasonable, and make the whole system so complicated that only extremely technically inclined people can use it.
That's locking out most of the population and only adding to the liquidity problem.
A new currency not susceptible to inflation but also anonymous.
The anonymity and security portion are what increase transaction times to 1000X what most people would consider reasonable, and make the whole system so complicated that only extremely technically inclined people can use it.
That's locking out most of the population and only adding to the liquidity problem.
While I suspect that it's good advice, "trust no one" is a tough principle to build an economy, let alone a community on.
I hope we figure out how the Bitcoin platform can engender more trust.
I hope we figure out how the Bitcoin platform can engender more trust.
Yeah, you must be careful, but with no trust at all, the bitcoin market would freeze...
> ...
> this is the insulting robot
> stay safe - only trust robots!
> this is the insulting robot
> stay safe - only trust robots!
I'd like to put out a 5 BTC bounty for whomever can reveal the person behind [email protected] gave me a lovely welcome to the btc world---and I'd love to thank them for it in as public a way as possible...
The fact that he uses a GMail account should have been your first clue.If the person who use gmail its first clue for scammer
can you ensured the person who using aol,hotmail,yahoomail,etc can be trusted 
Lol
Can't be too paranoid, have to convert the btc to real currency at some point afterall
Yeah I agree with you, this is a real world. it isn't Fair if we always think every new person
are the liar or scammer just like most of people in this forum...
a Real businessman is a person who are willing take high risk to expand his business.
If Any One can't trusty, just consider to taking business with people from other planet.....
I'd like to put out a 5 BTC bounty for whomever can reveal the person behind [email protected] gave me a lovely welcome to the btc world---and I'd love to thank them for it in as public a way as possible...
The fact that he uses a GMail account should have been your first clue.well what do you suggest we use for email. cause im using gmail and im not out to scam people. i've been using gmail since almost day one. does that make me a scammer.
I did not bother.. They have much more important things to do and I am pretty sure the guy who scammed me is not in Australia
This is a great post (at least the first couple pages) for someone new to Bitcoin like myself.
I'm glad it was one of the first posts that I read on this forum.
I'm glad it was one of the first posts that I read on this forum.
I was scammed on another forum when I tried to sell some BTC. Never again will I send first grrrrrr :| I wish I had found this forum first with all the tips and warnings.
I wonder whether contacting the police would help in most countries.
I was scammed on another forum when I tried to sell some BTC. Never again will I send first grrrrrr :| I wish I had found this forum first with all the tips and warnings.
Thanks for the advice.
Good advice. Trust no one.
Can you seriously state you trust that advice?
At one moment or the other one still needs to trust someone when operating with bitcoin or any other currency. It's actually just about minimizing risks and being sceptical.
Good advice. Trust no one.
What's the point of bitcoin if you have to be so paranoid?
To actually hold onto your coins long enough for your investment to pay off, you need to push the paranoia up to the tinfoil-hat level.Love it... roflfmao. reminded me of Fry Farnsworth immediately.
can i use it as a sig?
This reminds me of playing eve online, a few very expensive items that could not be traded except through trust. The solution was escrow services offered by prominent members of the game, it got to the point where offering the service was very profitable. Which forces the person to follow through with the transaction and not scam the exchange due to the loss of revenue from no one again using their services.
Someone should setup themselves as an escrow service with a fee and maybe even turn it into something very automated and commercial if it takes off. I look at Visa and Mastercard as escrow services them selves which allows the economic wheels to be very greased and fluid.
Someone should setup themselves as an escrow service with a fee and maybe even turn it into something very automated and commercial if it takes off. I look at Visa and Mastercard as escrow services them selves which allows the economic wheels to be very greased and fluid.
The irony is that merchants LOVE bitcoin because you have to trust them to deliver; you can't chargeback. So if you really trust no one, the bitcoin economy is pretty much doomed. It's cash except the advantage is that it can be transmitted without being face to face, but if you because it's not face to face, you won't hand it over? So... bitcoin transactions only in person?
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