Has the bitcoin already lost its cherry?

[okotomi1]

If the amount of the websites which is annoying and not trustworthy is bigger than the amount of the site which are trustworthy, than we may have a problem. The con artist of this world who had specialised of the Internet are doing well, that is for sure and no one can stop them. Everything you can do in $, you can do in BTC now and even easier and faster with an anonymous payment.

[Jesu]

What do you mean lost it's cherry? I don't think there are more scammy businesses than legit ones, but it comes with the territory.

[franky1]

If the amount of the websites which is annoying and not trustworthy is bigger than the amount of the site which are trustworthy, than we may have a problem. The con artist of this world who had specialised of the Internet are doing well, that is for sure and no one can stop them. Everything you can do in $, you can do in BTC now and even easier and faster with an anonymous payment.

in the 1990's many people were afraid to use their credit cards on websites due to scam sites. financial regulation did not solve this problem. consumer protection did. EG businesses had to register with their state and search engines monitored phishing sites.

bitcoin sites will do the same, if th site does not look legit and does not have legit 'whois data' dont use it. report it!

any legit business, no matter what currency it uses, should not have who-is guards. leave who-is guards for the shady illegal businesses and accept the risks that if your dealing with shady criminals, expect to get extorted.

[Mr Tea]

Yup, bitcoin will become safer and more user friendly over time, but where there's money to be made there will always be scammers.

[franky1]

Yup, bitcoin will become safer and more user friendly over time, but where there's money to be made there will always be scammers.

very true. the wild west was full of armed bandits robing stage-coach's/banks for gold. selling fools gold, and faked plots of land salted with gold dust and pretending to be gold rich soil..

[fernando]

We don't see them because filters catch them, but there are probably more spammy/scam emails than legit ones. Technology and education have reduced the problem exponentially. Someone will fall even to the most obvious Nigerian letter, but it isn't a threat for email. Same thing should happen with Bitcoin.

[Jesu]

I think it's quite easy to protect yourself from theives and scammers. If you're smart enough you should be ok.

[ajareselde]

If the amount of the websites which is annoying and not trustworthy is bigger than the amount of the site which are trustworthy, than we may have a problem. The con artist of this world who had specialised of the Internet are doing well, that is for sure and no one can stop them. Everything you can do in $, you can do in BTC now and even easier and faster with an anonymous payment.

quite unlikely, i rarely meat or hear people start using/trading bitcoin and then forget about it.
it is just a question do the inflow of people and fiat into bitcoin justifies current price.
also, there seams to be only bad news recently, one after another..