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Title: [2016-05-22] 3 Common Ways Bitcoin Users Lose Their Funds Post by: jdebunt on May 22, 2016, 11:46:12 AM At its core, Bitcoin is all about granting users full financial control at any given time. For some reason, a lot of these users will store funds in an online wallet or exchange, both of which are fully controlled by a third party. If the company providing this service would shut down all of a sudden, there is no guarantee users will ever see their money again.
http://themerkle.com/3-common-ways-bitcoin-users-lose-their-funds/ Title: Re: [2016-05-22] 3 Common Ways Bitcoin Users Lose Their Funds Post by: aso118 on May 22, 2016, 01:31:06 PM At its core, Bitcoin is all about granting users full financial control at any given time. For some reason, a lot of these users will store funds in an online wallet or exchange, both of which are fully controlled by a third party. If the company providing this service would shut down all of a sudden, there is no guarantee users will ever see their money again. http://themerkle.com/3-common-ways-bitcoin-users-lose-their-funds/ I would add ponzi schemes to the lot. ;) Some people even purchase bitcoins just to participate in ponzis. Title: Re: [2016-05-22] 3 Common Ways Bitcoin Users Lose Their Funds Post by: udet4food on May 22, 2016, 01:36:56 PM At its core, Bitcoin is all about granting users full financial control at any given time. For some reason, a lot of these users will store funds in an online wallet or exchange, both of which are fully controlled by a third party. If the company providing this service would shut down all of a sudden, there is no guarantee users will ever see their money again. http://themerkle.com/3-common-ways-bitcoin-users-lose-their-funds/ I would add ponzi schemes to the lot. ;) Some people even purchase bitcoins just to participate in ponzis. Maybe also gambling? Bitcoins mean that anyone can gamble, even 5 year old kids! And how easy is it to earn a few mBTC these days. :P Plus, there are some idiots who think there is a way to bypass the house edge and manage to get profit in the long run (martingalers, *koff koff*). |