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Topic: Trust No One - page 37. (Read 161333 times)

newbie
Activity: 8
Merit: 0
March 17, 2013, 09:35:24 AM
Yes, It's true ! Do you trust mtgox ?
newbie
Activity: 9
Merit: 0
March 17, 2013, 08:31:38 AM
Sadly given the nature of BTC the OP has some good points but its a shame it has to be this way but then again the anonymity of BTC is one of the strengths of the currency. I would like to see more trust amongst men but to do that we have to eliminate those or who are not willing to participate.
full member
Activity: 133
Merit: 100
March 17, 2013, 08:14:18 AM
Thanks. Actually you are right. You can not trust. And this is not just with Bitcoins..
newbie
Activity: 11
Merit: 0
March 16, 2013, 09:17:09 PM
Noted. The bitcoin-otc folks also have some good protocols in place to attempt at protecting you from fraud. The wiki has a decent list of the risks associated with different payment types. The main thing I've learned is to stay very far away from all of the payment schemes that can easily be chargebacked unless I actually know the person. Paranoia seems to be rampant and justified given the nature of bitcoin transactions.
newbie
Activity: 6
Merit: 0
March 16, 2013, 05:49:42 PM
Thank you for your help!
newbie
Activity: 6
Merit: 0
March 16, 2013, 05:37:58 PM
I will remember that!
newbie
Activity: 6
Merit: 0
March 16, 2013, 05:14:09 PM
Thank u very much, its so important for me! )))
member
Activity: 116
Merit: 10
March 16, 2013, 04:35:30 PM
will take note.
full member
Activity: 225
Merit: 100
March 16, 2013, 03:28:12 PM
Well you have to open up some time and be able to take risks, but majority of scammers are found out before mass amount of money is stollen. Always have details verified about them if your cautious i.e. request photo ID or something like that.
full member
Activity: 154
Merit: 100
March 16, 2013, 04:39:35 AM
Hmmm. I should not have read this thread right before going to bed. Now I won't be able to sleep. Putting my Bitcoins under my pillow does not seem to be an option.  Wink
newbie
Activity: 7
Merit: 0
March 15, 2013, 05:35:11 PM
Good Info, Thanks!
newbie
Activity: 7
Merit: 0
March 15, 2013, 01:15:53 PM
Great introduction into the dangers of the marketplace. It's a shame I can't encrypt each of my dollar bills.
newbie
Activity: 22
Merit: 0
March 14, 2013, 11:59:49 PM
you can always use escrow if you need it...

This is not a review of SR .  We all know that everyone who uses SR they should use the escrow ..Still good info bro..You are correct but alot of people still get scammed bye people ,vendors who mandate that they FE.
That is the biggest red flag for me..
newbie
Activity: 10
Merit: 0
March 14, 2013, 09:47:07 PM
thanks for the tips
full member
Activity: 308
Merit: 102
March 14, 2013, 05:35:08 PM
It certainly looks like e-currency community needs protocols for better security. Due to chargeback issues, at the moment it is very hard to convert between fiat and e-currency. I wish it becomes smoother quickly.
newbie
Activity: 7
Merit: 0
March 14, 2013, 02:00:32 PM
Thanks for the warning! ^^
legendary
Activity: 1022
Merit: 1000
March 14, 2013, 01:09:54 PM
Theymos is about to lend out 1000's of BTC to people. Uh oh Tongue
member
Activity: 78
Merit: 10
March 14, 2013, 10:25:16 AM
I would suggest the community develop standards for a "good business seal of approval" - particularly as it concerns transparency and responsibility.  While the anonymous feature of bitcoin is appealing in so many ways, it is not realistic to think that a currency can be successful in an ecosystem without trust and accountability.  If we are to develop legitimate financial and processing infrastructure, much of it will have to operate in a similar fashion to the bricks and mortar infrastructure we have built over centuries.

If you think it is not far off from "perfect" I think the biggest limitation of the currency is the electricity price. Where it won't be economical to mine, everybody will leave BTC and move to another cryptocurrency.
legendary
Activity: 2366
Merit: 1023
DGbet.fun - Crypto Sportsbook
March 14, 2013, 04:28:16 AM
thks for your advice. Smiley
newbie
Activity: 12
Merit: 0
March 14, 2013, 02:59:04 AM
I would suggest the community develop standards for a "good business seal of approval" - particularly as it concerns transparency and responsibility. 
BBTCBB.  Better Bitcoin Business Bureau.  It just rolls off the tongue.
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