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Title: Re: i'm glad there are so many scams and frauds Post by: SirChiko on June 28, 2014, 03:51:38 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...
MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Title: Re: i'm glad there are so many scams and frauds Post by: Ron~Popeil on June 28, 2014, 03:56:15 AM I have gotten an education from reading the stories on this site for sure. I don't trust anyone but myself with my bit coin.
Title: Re: i'm glad there are so many scams and frauds Post by: rext on June 28, 2014, 06:21:57 AM As long as you don't transfer the bitcoins out, keep your wallet safe, you should be generally fine.
Title: Re: i'm glad there are so many scams and frauds Post by: maurya78 on June 28, 2014, 07:18:38 AM Another benefit is that the scams help keep the btc price under control enabling more new adopters to get in reasonably cheaper
Onwards and upwards... Title: Re: i'm glad there are so many scams and frauds Post by: LiteCoinGuy on June 28, 2014, 10:00:47 AM you canīt argue like that when you want mass-adoption.
Title: Re: i'm glad there are so many scams and frauds Post by: franky1 on June 28, 2014, 11:38:33 AM I'm not "glad" that there are scams. However, there is a positive effect, which is inoculation of the system. As scams happen, and businesses fail, and trust is tried and tested and broken, it builds the resolve and resiliency of the system. Just as a society never exposed to any virus may be wiped out at the first appearance of one, so too an economy never exposed to fraud/failure is more susceptible to a massive disruption when one arises. You can also think of this in terms of natural selection. Weak businesses and people will lose their money, the strong will earn, keep, and build with it. Capital tends to move toward its best caretaker in a free market (though it's not a straight line to get there - many bumps and regressions along the way). great explanation, a small dose of a biological virus can be used as a vaccine to cure an epidemic before it spread. but the thing i and you may both agree on, is to not allow such nasty things to grow. meaning no one should foolishly put their life at risk entering a hazard zone. by this i mean do not put your whole life savings or full bitcoin hoard into unknown third parties Title: Re: i'm glad there are so many scams and frauds Post by: Meuh6879 on June 28, 2014, 11:54:53 AM I'm not glad that there are so many scams and frauds. people is idiot ... they always think that an anonymous can make you rich. human must evolve ... with bitcoin, if they loose, they learn. Title: Re: i'm glad there are so many scams and frauds Post by: zvs on June 30, 2014, 01:37:57 PM there are so many scams and frauds cause ppl are idiots
easy targets, easy money = more scammers and fraudsters I'd *think* that your typical bitcoin user is a bit more intelligent then the avg facebook user... but I wouldn't be surprised if a good one out of every three or four of those ppl have compromised passwords Title: Re: i'm glad there are so many scams and frauds Post by: Beyonce on June 30, 2014, 02:21:00 PM There are many scams and frauds in life period, not just bitcoin, but it's usually always greed + stupidity that is the cause of being scammed.
Title: Re: i'm glad there are so many scams and frauds Post by: giveBTCpls on July 14, 2014, 11:52:01 PM The amount of scams that are done to steal your fiat money is a 99% against 1% BTC which is still in alpha tier development. Scammers gonna scam. With regulations you could tell the police, but the dilemma arishes: Is said regulation beneficial considering the cons that would come for the BTC ecosystem?
Title: Re: i'm glad there are so many scams and frauds Post by: bitbaby on July 15, 2014, 07:14:03 AM I have gotten an education from reading the stories on this site for sure. I don't trust anyone but myself with my bit coin. As long as you don't transfer the bitcoins out, keep your wallet safe, you should be generally fine. True, but sometimes one needs to sell and that is when one has to trust someone else with their bitcoin, even if it is an escrower or an exchange. Title: Re: i'm glad there are so many scams and frauds Post by: BitcoinTraders on July 15, 2014, 12:00:14 PM There are a lot of scams and frauds because people who need money see potential in it!
It's only my opinion! Title: Re: i'm glad there are so many scams and frauds Post by: Armed on July 17, 2014, 01:27:26 AM Stupid people will get scammed, doesn't matter if they lose bitcoins or fiat money, they'll manage to lose it anyways. Some gamble, some invests in schemes to get rich, others think they can download money generators, or use scripts to fool casinos. Those people are doomed as soon as they get internet access, sadly.
Title: Re: i'm glad there are so many scams and frauds Post by: Zyborg on July 19, 2014, 11:59:07 PM you canīt argue like that when you want mass-adoption. I fail to see why we'd want mass adoption from idiots who'll cry when they get scammed.Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on July 26, 2014, 05:32:59 AM True, but sometimes one needs to sell and that is when one has to trust someone else with their bitcoin, even if it is an escrower or an exchange. which is when you have to be extremely careful. Title: Re: i'm glad there are so many scams and frauds Post by: deert on July 26, 2014, 04:15:43 PM It's a big problem if you get scammed
Don't let money obscuring the eyes Title: Re: i'm glad there are so many scams and frauds Post by: Dread Pirate Roberts on July 30, 2014, 08:07:54 AM yes a lot of hackers attact to steal data . money in bitcoin . investment and games . with virus . phisinng a
and a lot way to get it all Title: Re: i'm glad there are so many scams and frauds Post by: xoomo on July 30, 2014, 08:37:17 AM and nobody takes responsibility for scams related to bitcoins :-\
Title: Re: i'm glad there are so many scams and frauds Post by: playon on July 30, 2014, 08:44:06 AM Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?
Title: Re: Re: i'm glad there are so many scams and frauds Post by: zahra4571 on July 30, 2014, 08:50:56 AM and nobody takes responsibility for scams related to bitcoins :-\ How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.Title: Re: Re: i'm glad there are so many scams and frauds Post by: xoomo on July 30, 2014, 08:58:38 AM and nobody takes responsibility for scams related to bitcoins :-\ How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity Title: Re: i'm glad there are so many scams and frauds Post by: sandykho47 on July 30, 2014, 09:21:54 AM There are lot scams and frauds
But, usually people know difference scams / not Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? there aren't any fraud statistic. but usually very small amount Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 02, 2014, 07:48:21 AM There are lot scams and frauds But, usually people know difference scams / not Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? there aren't any fraud statistic. but usually very small amount If you include losses due to hacking, a couple of large transactions can really skew the total amount. :) Title: Re: Re: i'm glad there are so many scams and frauds Post by: botany on August 02, 2014, 04:57:47 PM and nobody takes responsibility for scams related to bitcoins :-\ How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity pseudo-nymity. Title: Re: Re: i'm glad there are so many scams and frauds Post by: Zebra on August 02, 2014, 08:28:55 PM and nobody takes responsibility for scams related to bitcoins :-\ How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity That is just part of the story. On the other hand, it seems to me people make bitcoin decisions more carelessly. For example, quite a lot of people fall in those hyip scams. Will they give 10 bucks to a random person in the street when that guy promised to give them back $20 the next day? Guess not. ;) Title: Re: i'm glad there are so many scams and frauds Post by: Zebra on August 02, 2014, 08:32:20 PM There are lot scams and frauds But, usually people know difference scams / not Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? there aren't any fraud statistic. but usually very small amount If you include losses due to hacking, a couple of large transactions can really skew the total amount. :) You can find a list of major hacks and scams in the thread https://bitcointalk.org/index.php?topic=576337 (Last updated: June 27, 2014). There are at least 10 incidents of ≥10000 btc loss and at least 18 incidents of ≥1000 btc loss. Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 03, 2014, 05:44:40 AM There are lot scams and frauds But, usually people know difference scams / not Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? there aren't any fraud statistic. but usually very small amount If you include losses due to hacking, a couple of large transactions can really skew the total amount. :) You can find a list of major hacks and scams in the thread https://bitcointalk.org/index.php?topic=576337 (Last updated: June 27, 2014). There are at least 10 incidents of ≥10000 btc loss and at least 18 incidents of ≥1000 btc loss. That throws the 'small amount' argument out of the window. Title: Re: i'm glad there are so many scams and frauds Post by: Omikifuse on August 03, 2014, 10:23:53 PM Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? There are infos about double-spends in the blockchain, but they are understimated, as far I know. And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money. Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 04, 2014, 04:53:47 PM Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions? There are infos about double-spends in the blockchain, but they are understimated, as far I know. And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money. Wouldn't this primarily relate to 0/1 confirmation transactions, which would be small amounts? For larger amounts, wouldn't people wait for 6 confirmations, thereby eliminating double spending risk? Title: Re: i'm glad there are so many scams and frauds Post by: campycoin on August 05, 2014, 01:07:48 AM The problem with bitcoin is... you can look like you're a bitcoin fan or pioneer talking about anonymity and privacy. As bitcoin users, you can and should be able to remain anonymous. The issue is, we let the seller reamin anonymous and this will never work. EVER. There has to be a trade off. If you are in business, you have to be transparent. Our problem is, we allow sellers to be anonymous and this is a recipe for scam-o-rama. It allows for the screw 1, serve 4 screw 1 serve 4 mentality.
IMHO - If you are a seller or in retail, then put anonymity behind you. You gotta be transparent for customers Title: Re: Re: i'm glad there are so many scams and frauds Post by: TheBullOfWallStreet on August 05, 2014, 01:09:19 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Most scams are very obvious. But there were some pretty elaborate scams, never forget that ;) Title: Re: i'm glad there are so many scams and frauds Post by: jeffthebaker on August 05, 2014, 01:12:58 AM Don't send anything to any address promising you to profit from your deposit. Don't use any means of transaction offering an unrivaled deal/rates. Just stick to the norm, what everyone uses, and you are safe. Not just for bitcoin but as a rule of thumb, this is very handy to go by. ;)
Title: Re: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 05, 2014, 01:56:23 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Most scams are very obvious. But there were some pretty elaborate scams, never forget that ;) True. Pretty knowledgeable people have fallen prey to scams as well. Title: Re: Re: i'm glad there are so many scams and frauds Post by: TheBullOfWallStreet on August 05, 2014, 12:21:41 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Most scams are very obvious. But there were some pretty elaborate scams, never forget that ;) True. Pretty knowledgeable people have fallen prey to scams as well. Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams. Title: Re: Re: i'm glad there are so many scams and frauds Post by: ltbharley on August 05, 2014, 04:14:19 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Most scams are very obvious. But there were some pretty elaborate scams, never forget that ;) No one here remember Coin2x scam? There were really many people involved, I'm still waiting for my refund hahah :( Title: Re: i'm glad there are so many scams and frauds Post by: Razick on August 05, 2014, 07:20:48 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 06, 2014, 01:12:54 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? It is a 'learning' experience for them. :) Title: Re: i'm glad there are so many scams and frauds Post by: counter on August 06, 2014, 01:22:28 AM That is silly to blame people for being scammed in the event they come across one of these scams. If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story. The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame.. ::)
Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 06, 2014, 02:29:57 AM That is silly to blame people for being scammed in the event they come across one of these scams. If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story. The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame.. ::) I am not saying the scammers are blameless. Of course, they should be blamed. If they are caught, they should be punished. I am merely trying to find a silver lining from the point of view of the scammed. Title: Re: Re: i'm glad there are so many scams and frauds Post by: Salmon1989 on August 06, 2014, 11:37:32 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 Most scams are very obvious. But there were some pretty elaborate scams, never forget that ;) True. Pretty knowledgeable people have fallen prey to scams as well. Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams. Pirate was clearly operating an obvious ponzi, while gox was having USD withdrawal problems for months before getting down... Title: Re: i'm glad there are so many scams and frauds Post by: Salmon1989 on August 06, 2014, 11:40:12 AM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? It is a 'learning' experience for them. :) It is kind of like that. With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk. With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges. Title: Re: i'm glad there are so many scams and frauds Post by: polynesia on August 06, 2014, 05:46:32 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? It is a 'learning' experience for them. :) It is kind of like that. With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk. With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges. One of the selling points of bitcoin is the decentralized trust. You don't have to trust anybody, not the government, not the central bank. So I see no reason why you should trust exchanges with your bitcoins. Title: Re: i'm glad there are so many scams and frauds Post by: botany on August 06, 2014, 06:09:24 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? It is a 'learning' experience for them. :) It is kind of like that. With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk. With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges. One of the selling points of bitcoin is the decentralized trust. You don't have to trust anybody, not the government, not the central bank. So I see no reason why you should trust exchanges with your bitcoins. We will have to wait till smart contracts replace escrows. Title: Re: i'm glad there are so many scams and frauds Post by: onewiseguy on August 06, 2014, 06:32:31 PM You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc... MOD NOTE: Split from https://bitcointalk.org/index.php?topic=111855 So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? ??? It is a 'learning' experience for them. :) It is kind of like that. With people getting scammed in hyip/ponzi again and again, users are now more aware of the risk. With the exchanges that went down with customers' fund, users are now less willing to keep their bitcoin on exchanges. so people are hoarding coins so value goes down. it looks like it wont be a true currency anytime soon Title: Re: i'm glad there are so many scams and frauds Post by: desired_username on August 07, 2014, 08:18:12 AM That throws the 'small amount' argument out of the window. It does not. Cross reference the price and amounts. The biggest amount of known stolen bitcoin is 144K that the FBI looted from SR1. Compared to historical and ongoing heists the ones happened in bitcoin world were rather insignificant so far. Title: Re: i'm glad there are so many scams and frauds Post by: Steigerz on August 08, 2014, 12:01:20 PM Users need to practice good security practices. Gone are the days of having Liverpool as a password ;D
Title: Re: i'm glad there are so many scams and frauds Post by: botany on August 08, 2014, 03:33:26 PM Users need to practice good security practices. Gone are the days of having Liverpool as a password ;D Forget passwords. Cold storage is where your bitcoins should be. |