What's the biggest scam that's ever been in Bitcoin?

TTMNewsMJ

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Quote from: n2004al on October 04, 2015, 10:28:10 AM

For sure the scam of Mt Gox. According to Wikipedia: https://en.wikipedia.org/wiki/Mt._Gox

"On 24 February 2014, Mt. Gox suspended all trading, and hours later its website went offline, returning a blank page. An alleged leaked internal crisis management document claimed that the company was insolvent, after losing 744,408 bitcoins in a theft which went undetected for years."

Yes. It's the Mt Gox.

toinew

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I'd say the 21 computer is a pretty nice scam, but of course not the biggest scam, yet

mezzomix

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It's MtGox. But MtGox is negligible compared to the fiat scam.

Quote from: Henry Ford

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Quote from: Mayer Amschel Rothschild

Give me control of a nation's money and I don't care who makes it's laws.

Hazir

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★Nitrogensports.eu★

Quote from: Amph on October 05, 2015, 02:02:03 AM

Quote from: ashour on October 04, 2015, 05:30:29 PM

Quote from: Amph on October 04, 2015, 01:48:15 PM

Quote from: Hazir on October 04, 2015, 11:01:02 AM

Quote from: Amph on October 04, 2015, 10:30:59 AM

that amount was probably part of the reason why the price tanked afterward, mtgox was also a heavy centralized exchange, too many coins there, there should be more decentralized exchange, everything around bitcoin should be decentralized to avoid this troubles

Centralization is not the flaw and decentralization is not the answer. If system if corrupted it doesn't matter.
If management of MtGox was good it could still be the biggest, active and prominent exchange to this day.
All we need is right people on the right place, not idiots, scammers and thieves running things.

with decentralization, you can avoid completely the odds to have one malicious guy running everything, and since money make 99% of people malicious is better to have a decentralization system

why having a decentralized payment system when everything that turn around it is centralized, it almost kill the point...

Yes, but the problem of decentralization is, who would take care of the exchange ? What if it has a bug ? Who is going to fix ? How do we know that the one who is going to fix isn't going to steal the coins ?

isn't the same as bitcoin, who fix the bug in bitcoin the dev team, it would work exactly the same, if bitcoin is working good as a open source i can't see why an exchange can not...

1. With decentralized base of operations you can avoid scams.
2. Bitcoin is decentralized only in theory, fundamentals of bitcoin is decentralized. - Therefore scam free.
3. But to fully utilize its potential we need to use various satellite services which aren't decentralized at all. -Therefore potentially scam inviting.
4. Bitcoin to be in its true form needs to be used in direct p2p way, without it it is broken invention, potentially full of holes.

That is the reason we have so many bitcoin scams.

BitcoinBlackjack

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Mt. Gox without a shadow of a doubt.

Everything else pales in comparison!

thinkinger

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as being one of the scammed people , i think it is cointellect ,second bitcoincloudservices.

gogxmagog

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Ad maiora!

Definitely MtGox but in years to come I think history will look at almost the entirety of the last 5 years as one big scam. Doesn't seem like there is a single honest business out there. It's the Wild Wild West!

mexxer-2

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4 Mana 7/7

Quote from: Furio on October 07, 2015, 05:05:27 AM

MT. Gox since they were the reason for the hyperinflated prices for bitcoin, and the following dump....

Sure Mt. gox was the biggest scam event that happened to bitcoin but it also raised the price to where we are currently(even if it did crash at $1k) , I'd say if not for Mt. Gox I'd not be in this forum at all.

Furio

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MT. Gox since they were the reason for the hyperinflated prices for bitcoin, and the following dump....

deon

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Mt Gox is at the top of the list. Number 2 is all the ransomware. Looks really bad on the community when bitcoin payments are demanded for extortion.

feverpitch

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Satoshi DICE

Snorek

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Quote from: SerenaL on October 05, 2015, 06:43:08 PM

I had 10btc left in my mtgox account when it went down. Luckily I didnt keep everything in there.

Have you ever tried to reclaim your btc? I heard that some of the Mt.Gox 'lost' bitcoin are now in the possession of Kraken exchange.
They are managing them and hopefully some of btc will be given back. I am so happy that I was not around when Mt.Gox crashed.

dothebeats

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The answer to this question is too obvious: Mt. Gox.

armadilo

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Bitcoin XT Wink

7788bitcoin

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I think the answer is clear that Mt Gox is the biggest scam. Hopefully it will remain to be the biggest and there will not be anything bigger.

UserVVIP

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MT.GOX IS THE BIGGEST SCAM TO EVER HIT THE BITCOIN COMMUNITY IN THE WORLD! NEVER TRUST MT GOX!

NEVER!

lethalethereal

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im luckier cause i just started earning bitcoins Wink

avatar_kiyoshi

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Quote from: shorena on October 04, 2015, 10:35:37 AM

Quote from: pilscoop on October 04, 2015, 10:23:03 AM

Any information about this?

Yep, a dedicated thread to collect them all -> https://bitcointalksearch.org/topic/list-of-major-bitcoin-heists-thefts-hacks-scams-and-losses-576337

This is nice list, that thread is need to updated. there are still some thief company like couldthiefnk which runs out a pretty much bitcoin.

Well luckily, i'm never use mt.gox, but don't forget to mintpal.

LiteCoinGuy

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