Depends on the platform, if it is something like paxful where you can sort of get a good idea on who is trustworthy maybe 15% or so. Assume 1 out of 10 trades will go bad.

The thing is with paypal you get a huge amount of customers that otherwise wouldn't be able to buy crypto.

You left HEX off your list ( first blockchain certificate of deposit) CD. It is rank #20 on top cryptos and one of the highest volume trading pairs on uniswap. I know a lot of people call this a shitcoin but over $2billion dollars of bitcoin claimed their hex, so I wouldn't just count it out.

Someone not paying back a loan isn't a scam, its just a default on a loan. Imagine if all the people in the world with debt were considered scammers, just lol.

People are really just jumping to assumptions, you have no idea if this person had a serious medical issue.

I've ran many businesses and chargebacks are just a cost of doing business. Majority of business is done with credit cards, its just how the real world operates. Your generally fine selling btc for paypal if you charge a premium to offset any losses you might have.

I used to think Monero was a good investment but its clear to me that the btc ratio will not recover anywhere close to what it used to be. Obviously privacy is the main selling point of xmr but in reality most people dont care about privacy. I dont think xmr will die anything because it has a niche following but at this point things like ethereum will give a much better return on investment. The sheeps are all over facebook and instagram posting everything about their lives.

That is common sense, of course everyone understands that. I wanted discussion on how clogged the ethereum network is getting and it it will continually rise with all the Defi projects getting more popular and subreddits using eth tokens. On chain scaling will hopefully arrive soon.

Lately ETH fees have been skyrocketing and I have been paying 50 cents for a normal eth transaction and over $1 for contract functions. Used to be a few pennies at most to get your transaction confirmed quickly.

If you wanna be private than stay private, I'm talking about how people are so scared that everyone in the world is going to hurt them. This type of fear with terrorism is how the patriot act got passed which allowed government to do even more sketchy shit.

This is the type of paranoia that caused the patriot act to pass and it is why they are banning encryption. We all have to watch out for those bad terrorists! they will all hurt us. ridiculous.

Look at all the famous crypto whales: Roger ver, Vitalik, Winklevoss twins, Charlie Lee, etc. Do you see anything happening to any of these guys? Nope. stop being so paranoid.

OP you couldn't be more wrong. People were getting 20k usd a pop when Raiblocks( now known as Nano) did their distribution. Some good projects out there had fair distribution models, just because you got suckered into bad projects doesn't mean there aren't free coins out there that gain value down the line.

People literally made millions of dollars in a single day if they held their nano from the distribution.

I still remember when Bitcoin faucets were handing out 5 bitcoin a day for free. The key is you have to be early in a coin. Also a lot of coins had free sign ups that gave you a ton of coins and if you held it was an easy 50k usd + like xrp and nem.

Legal action would be a waste of time for such a small amount, I know from personal experience, but good luck with that. Can't say I feel bad about a loan shark not being paid back, OP was charging rates that would be considered illegal in many parts of the world. He wasn't even necessarily scammed, someone just defaulted on a loan, happens everyday in America.


" In most jurisdictions today (meaning, all of the USA, and most other civilized countries) usury (the crime of charging interest above a certain rate) is illegal; hence, usurious lenders operate outside the bounds of the law, because no court will assist them in getting a judgment against, or enforcing collection from, borrowers at the usurious interest rates they charge their customers — the lender, in other words, has no _legal_ recourse, if the borrower should default (fail to pay back) on the illegal loan (principal _or_ interest)."

This isn't a scam and no one has actually pointed out anything that makes it a scam. All the top coins have huge amounts that go to the founders.
Bitcoin- 1million mined by satoshi, basically a premine
ethereum- 70% or so was insta created given huge amount to founders
ripple- vast amount owned by founder, constantly sells it.

hex was a completed project on release and there is nothing that actually makes it a scam, no false promises. A lot of people call anything they don't own a shitcoin.

You don't have any proof that this is an actual scam. This is similar to physical bitcoins, you just have to trust that they created the key in a safe process without saving it.

scam exchange services and scam casinos.  It is a scam if you are not going to require KYC before the initial deposit and then require it when someone tries to withdraw.

Either require KYC from the first signup or don't require it at all.

These selective scammers are pulling this for too long. These  "webwallets" and "casinos".

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I just love paying $5 to send a transaction within a few hours, awesome isn't it. I really hope we reach $100 fees again to get into the next block.  This is peer 2 peer electronic cash!.  

Bitcoin core has become a cult and everything else is a scam in their eyes.

By the way there is more btc on ethereum than lightning