Why do you all seem to just forget exit scams and heists happend days after??

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: DuddlyDoRight on July 07, 2017, 01:17:47 AM

It seems like every six-months to a year a major heist or exit scam happens, and it only takes this community days to forget it even happens... I believe the people behind these exploit this and just go start another project and build it with marketing..

Why is there no mention of a auditory and standards process for service providers like banks do with PCI? This isn't play money.. At the very least there should be a movement against the practise of remote bitcoin storage. Vendors can just query the block chain if they need proof of balance.. Anything with an escrow needs a verified identity behind it to avoid exit scams..

All this you mentioned can only happen when there is a regulatory body to ensure such but not the case here. The .market is a perfect market where the demand is even more than supply and even if the loot from the heist is released to the market, it is ready to be bought off and that's why the effect is not felt for long and even it might come with increase in the price of bitcoin. Although, I admit its a weakness, but there is hardly what anybody can do about it at the moment.

Easteregg69

sr. member

Activity: 1572

Merit: 267

Quote from: Coin-Keeper on July 25, 2017, 03:44:10 PM

Quote

It is really about time that we encourage and demand a more secured security system to protect us and our funds from getting into the hands of evil people.

There is. For me its called a hardware wallet. Anybody who relies upon OTHER people to secure their coins is just asking for something to happen. Not actually asking of course, but exposing the vulnerability of humanity to their coin wallet. Don't do it.

Guess you never heard of "wallet maintenance".. Or wallet defragmentation or.. "we are investigating possible area 51 attack or waiting for the coinswap and will be holding your money until everything is safe"..

Some days its impossible to get the money out of the bank. No scam just "for security reasons beyond what your brain can comprehend". That's what some markets look like today.

What we need here is a policeman on every street corner!

Forgot. Bitcoin is at $2716.78 (6.70%) as in "green".

That's why all the other coins are going red.

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: European Central Bank on July 26, 2017, 06:28:25 PM

there is a crazily skittish attitude here and memories are non existent. bitcoin was $1000 at the start of the year and it was the greatest thing ever. if it returned to that now they'd freak out.

bitcoin is filled with scared kids. they don't care about anyone else and they can't recall anything beyond last week.

This is why the freaking price looks like a cardiograph

it seems to literally be filled with scared, weak handed kid bastards; they also frequent the trollboxes of various exchanges, pumping and decrying various shitcoins most people havent heard about Wink

i dont think they will be able to restrict "novice" traders from trading cryptos, due to the nature of the beast, but when we get investment firms coming in and buying, the price will stabilize. Wall Street types arent weak handed by any means; its business and math at that point. we wont see the dumps and pumps because of something someone said on Reddit

institutional investors will provide much need liquidity and stability, and make bitcoin a more legitimate investment vehicle in the eyes of the public.

we ( the community) have had a lot of bad press as of late Wink

Blocken

member

Activity: 70

Merit: 10

Crypto Lobbyist

Compared to fiat, every 6 months is like cause for champagne. Security improves at a rapid rate, so much so that people can't even finish their exploits.

Traders are exploiting the trends. They only need a couple idiots to believe everyone else believes there is an issue. And once they've bought your HODL for cheap, the FUD stops.

European Central Bank

legendary

Activity: 1288

Merit: 1087

there is a crazily skittish attitude here and memories are non existent. bitcoin was $1000 at the start of the year and it was the greatest thing ever. if it returned to that now they'd freak out.

bitcoin is filled with scared kids. they don't care about anyone else and they can't recall anything beyond last week.

Coin-Keeper

hero member

Activity: 761

Merit: 606

Quote

It is really about time that we encourage and demand a more secured security system to protect us and our funds from getting into the hands of evil people.

There is. For me its called a hardware wallet. Anybody who relies upon OTHER people to secure their coins is just asking for something to happen. Not actually asking of course, but exposing the vulnerability of humanity to their coin wallet. Don't do it.

iamTom123

hero member

Activity: 490

Merit: 501

We are living in extraordinary times where big scams can take anytime and then just forgotten even a day after. When news broke that CoinDash was robbed of their Ether (contributed by their ICO participants) right down on their noses, it send some shock-waves across the Ethereum network...security has become a little bit lax which was exploited by hackers to their full advantage. And then lately we have the bigger Parity hack amounting to more than $30 million.

I am sure that soon there will be the same sad news and stories as if there is a race between hackers/scammers and those involved in the business of securing site and funds. The victims will always be the small holders of cryptocurrency, who can helpless if a hacking can occur.

It is really about time that we encourage and demand a more secured security system to protect us and our funds from getting into the hands of evil people.

CryptoBry

sr. member

Activity: 1008

Merit: 355

As long as we are still all human beings and we are still alive, there will always be scams and they come in many type and form. It is almost impossible to prevent this unfortunate thing to happen because we can not control the mind of anybody and there is no way to predict what can happen next.

The only thing we can do is to protect our assets and for security people to always be thinking ahead of these scammers and hackers so they can not be victimizing innocent people again and again. These past weeks, we have seen big amount of money that flew to these scammers/hackers, first with the ICO of CoinDash where around $7 million was lost and then lately with Parity wallet worth around $30 million.

DuddlyDoRight

sr. member

Activity: 318

Merit: 260

It seems like every six-months to a year a major heist or exit scam happens, and it only takes this community days to forget it even happens... I believe the people behind these exploit this and just go start another project and build it with marketing..

Why is there no mention of a auditory and standards process for service providers like banks do with PCI? This isn't play money.. At the very least there should be a movement against the practise of remote bitcoin storage. Vendors can just query the block chain if they need proof of balance.. Anything with an escrow needs a verified identity behind it to avoid exit scams..

Topic: Why do you all seem to just forget exit scams and heists happend days after?? (Read 1178 times)