Oh boy, it seems creating this thread got me into the orange ignorelist territory again - I was yellow for a while, almost got me worried.... Mission accomplished I'd say
The fact that EVERYONE isn't operating on this assumption already is of utmost concern to me. People are so blinded by their greed that they have forgotten all of the evil entities that prey on any new technology. People are so quick to hand their money over to some mostly anonymous person they met on the internet. And we're not just talking about bitcoins either. Bitcoin related scams are sucking up real cash just as much as they are sucking up bitcoins.
Thanks for this insightful post. It's spot on for the premise of this thread.
Bitcoiners are often so much blinded by greed that we forget the essential scepticism when doing business:
A company is offering cutting-edge tech with a preorder requirement? Demand proof of activity and capability!
Somebody is offering securities or asking for a loan? Demand a rigorous and fully open business model!
Buying bitcoins on a unaudited exchange? Withdraw them instantly to make sure they are really there!
