Topic: Trust No One - page 65. (Read 161312 times)
I trade on Mt.Gox, but never leave a balance there, neither in $ nor BTC.
I wouldn't keep any really money in BTC for the moment... and I certainly wouldn't keep that in an exchange account.
there are always selective scammers too, make sure they are named and shamed!
Best practice is to do the trades in increments when you're in doubt.
So if the trade was for $100 ---> 25% at a time
Trade was for $1000 ----> 10-20% at a time
And so on until you feel you can trust the person, and you can start sending more.
So if the trade was for $100 ---> 25% at a time
Trade was for $1000 ----> 10-20% at a time
And so on until you feel you can trust the person, and you can start sending more.
That's a great way to start, but there are some people that will build trust and then scam quite a few people at the same time! That happened to me once, so I know there are some scammers that work this way..
I have to Thank You for your Post you really opened my eyes to keeping BITCOIN ANONYMOUS and Secure people need to lock their wallet better than Fort Knox.
Bitcoin is thriving because people put trust into the currency.
So you do need some trust. But yes, I do agree with your sentimental points. People online are not meant to be trusted ever. Question everything.
So you do need some trust. But yes, I do agree with your sentimental points. People online are not meant to be trusted ever. Question everything.
I would steal, or rob(ok not literally but something drastic) before i let a loan default or get a SCAMMERTAG here. I believe in Bitcoin and where is going and I also believe that the biggest players are all right here creating the foundation for people like me who were not born with a silver spoon in their mouth to have a fighting chance, my only chance at a better fincial life by allowing me to be apart of it somewhat in the beggining, sure 2 years would have been better but its better then 5 years from now. So with that I want a good name, and I want to make money and music the rest of my life but I want to do it legal and on my terms. And bitcoin seems to help me in that way.
otherwise I stay a machinist the rest of my life and watch my health go to shit and my knees along with it....
otherwise I stay a machinist the rest of my life and watch my health go to shit and my knees along with it....
Best practice is to do the trades in increments when you're in doubt.
So if the trade was for $100 ---> 25% at a time
Trade was for $1000 ----> 10-20% at a time
And so on until you feel you can trust the person, and you can start sending more.
So if the trade was for $100 ---> 25% at a time
Trade was for $1000 ----> 10-20% at a time
And so on until you feel you can trust the person, and you can start sending more.
Bitcoins are too easy to steal. Then when somebody has them, they're gone! Never trust anonymous people on the internet. Even people that you can ID will rip you off sometimes.
fuck scammers
Interesting 
What's the point of bitcoin if you have to be so paranoid?
I put this post in the Newbies area for a reason
I believe that bitcoin will someday be orders of magnitude more secure (and more valuable). If you buy bitcoins now, you are an early adopter getting in while prices are cheap and betting that security and utility will improve.
In the meantime, yes, you must be absurdly paranoid. These websites cannot be trusted any more than you absolutely have to. 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. This is the price of being an early bitcoin adopter.
Trust nobody but Jesus
Nope. Not even Jesus.
I agree about not trusting anyone at the bank, but you shouldn't even trust your computer even if your have the "best" antispyware available.
Not to mention, when you do get screwed with a bank. Not only is your money stolen, but getting a new encrypted wallet on a new piece of hardware is probably a lot easier than dealing with a bank to get a new account or password.
Yea and not to mention the bank gets all of your information. I trust my computer more than I do someone at the bank. Crooks of the highest caliber
got it DTA thanks guys 
Not to mention, when you do get screwed with a bank. Not only is your money stolen, but getting a new encrypted wallet on a new piece of hardware is probably a lot easier than dealing with a bank to get a new account or password.
Many great points. Having been subject to scams and fraud i agree that a certain level of paranoia is healthy, but at the end of the day we need to have some increments of trust. I have had more good trades than bad, although the bad apples ruin my trust in everyone for a long time.
Very interesting.
thanks for this
In other words, treat Bitcoin like you would treat any other money. I wouldn't trust my own sister with a 20$ bill, by this logic. So treat your Bitcoin the same way. 
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