Topic: Trust No One - page 107. (Read 161312 times)
MTGOX is the only way to go right now period. ANy thing new that pops up is way too risky. And yes trust no one lol
I do think that mybitcoin and mtgox did very well planned scam, fraud - call it as you want friends. But i lost 70btc in mybitcoin without doing anything wrong, without making any mistakes, without getting any chance to make smth about it.
Just I thought - thanx god I didn't loose all my btc in mybitcoin.
But yes - i don't trust anyone now
Just I thought - thanx god I didn't loose all my btc in mybitcoin.
But yes - i don't trust anyone now
Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
You must be a very lonely man.You forgot to add: damn rich as well
No, honestly I am not rich with money neither I am lonely
Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
You must be a very lonely man. Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
Amen!
Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
Depends on how heavy the brick is and how small the object is.
MyBitcoin was not as secure as MTGox but was very reliable at the time
True! They had 100% reliability until they ran off with everyone's BTC.Also, hiding something under a brick in the park is more secure than MTGOX.
MyBitcoin was not as secure as MTGox but was very reliable at the time
It is beter to spend 5 more minutes logging in then to loose everything if the security fails. Isn't that right ?
I think OP went a bit overboard with the security measures. Multiple-page-passwords are a bit overkill, don't you think?
not very practical
I'm trusting MtGox right now. I don't think they will screw me. If they do, they won't take THAT much though...
You wont have much problem or risk buying bitcoins and getting scammed, it can happen im sure, but 99 percent of the risk is with the seller. Especially with ebay and paypal, or just paypal. I have had a couple more succesful auctions on ebay again, seemed to have died down with the scammers for now, most got notified, banned, and people are communicating better and using some common sense warning signs and methods. Less are selling on ebay though from the scams, but the rest of us on there are still doing pretty well. Just be smart.
I would say do your research in a fast moving market like this. There is no way to fully verify people when we are in a market that is based on privacy and anonymity. The wallet fiasco's were quite obvious to me, in that there was no way you could trust a stranger to hold your cash in "thier" wallet. Trust AND smarts are imperative.
OG
OG
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.
If you absolutely must trust someone with your bitcoins, for the love, choose carefully!
> you are so right > ITS MADNESS OUT THERE
If you absolutely must trust someone with your bitcoins, for the love, choose carefully!
- Do you know their full name?
- Do you know where they are located?
- Have they demonstrated trustworthiness in the past?
- Are they asking you to trust them? (red flag)
- Do they have insurance?
> you are so right > ITS MADNESS OUT THERE
I agree, I have done exchanges with bitcoins in the past, and I have been scammed for bitcoins in the past. That's one of the few downsides I see with bitcoin. If you're doing an anonymous transaction, it's not like you have their physical address, so you can't harass them or really do anything for that matter.
Thanks for the advice! I was very cautious in buying my first btc but I made a leap of faith and bitcoinexchange.cc came through for me very fast with a transaction of 200 USD via WU to BTC. Turn around was 24 hours. I recommend them to anyone new who wants someone trusted to get BTC from. They work fast, communicate well, and so have been very trustworthy with me.
Thanks dacoinminster...
It's an interesting tradeoff: Companies (exchanges / bitcoin startups) probably feel they should retain some secrecy or stealthiness as they embark on a Bitcoin endeavor due to questionable legal issues. At the same time, they must appear trustworthy and secure to their users, who also often go to great lengths to protect their identity. Here's hoping that the Wild West starts to self regulate itself as more people take the 'long view' and programmers stop rushing code that secures bitcoins.
It's an interesting tradeoff: Companies (exchanges / bitcoin startups) probably feel they should retain some secrecy or stealthiness as they embark on a Bitcoin endeavor due to questionable legal issues. At the same time, they must appear trustworthy and secure to their users, who also often go to great lengths to protect their identity. Here's hoping that the Wild West starts to self regulate itself as more people take the 'long view' and programmers stop rushing code that secures bitcoins.
Thanks for the good info!
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