11 million in scams?

[newIndia]

They use this thread as reference, I assume the value is so low because they are counting the bitcoin exchange rate at the time of the scam, even like this it seems low.

I have seen it multiple times that coindesk takes bitcointalk threads as reference to create their stories...

[Bit_Happy]

Someday the number will be closer to 11 Billion, but Bitcoin will survive. People need to be smarter with their money.

[newIndia]

Someday the number will be closer to 11 Billion, but Bitcoin will survive. People need to be smarter with their money.

If u consider FIAT scams, I'm sure the number will be much more than 11 Billion.

[Sutters Mill]

Someday the number will be closer to 11 Billion, but Bitcoin will survive. People need to be smarter with their money.

I agree that people need to be smarter with their cash, but sometimes you have to trust and rely on third parties like when you're sending to an exchange etc but hopefully decentralized institutions will combat these sorts of losses or thefts.

[ikydesu]

and what about inputs.io ?

Found on reddit: http://www.reddit.com/r/Bitcoin/comments/1q2law/inputsio_hacked_and_shutdown_4100_btc_stolen/

[btcrich]

I thought at first that they suggested it was 11 million Bitcoin, and that didn't surprise me.  It surprises me that the number can be as low as only 11 million USD.

Ah well, time to move back to fiat because no one ever gets scammed out of their cold hard cash.

From a very quick google search:
Australians lost $89 million in scams in 2013
Millions of victims lost $12.7B last year falling for Nigerian scams (in 2013)
etc...

[leex1528]

Yeah the humber seems really low.  Bottom line is this isn't the greatest thing for Bitcoin to spread.  It is going to get tough to get people involved knowing how much money has been scammed for non technical people.

[Bit_Happy]

I thought at first that they suggested it was 11 million Bitcoin, and that didn't surprise me.  It surprises me that the number can be as low as only 11 million USD.

Ah well, time to move back to fiat because no one ever gets scammed out of their cold hard cash.

From a very quick google search:
Australians lost $89 million in scams in 2013
Millions of victims lost $12.7B last year falling for Nigerian scams (in 2013)
etc...

That many people still fall for Nigerian scams, really?
wtf?LOL!!?