Crypto-charlatans

[madmadmax]

Am I being delusional or with the introduction of Bitcoin the creativity of the charlatans have emerged with cryptography, all I see are cryptographically complex systems which aim to cloud the judgement of the user and give the illusion of safety (because it's so complex!) yet in the end you are still unbelievable vulnerable and can still be swindled out of your coins.

E.g. SatoshiDice can still make selective bets with private information which is available only to them and win their own coins thereby stealing from their investors and promoting themselves through "Rare Wins"

[mccorvic]

Am I being delusional or with the introduction of Bitcoin the creativity of the charlatans have emerged with cryptography, all I see are cryptographically complex systems which aim to cloud the judgement of the user and give the illusion of safety (because it's so complex!) yet in the end you are still unbelievable vulnerable and can still be swindled out of your coins.

E.g. SatoshiDice can still make selective bets with private information which is available only to them and win their own coins thereby stealing from their investors and promoting themselves through "Rare Wins"

Meh, I think you are just underestimating the power of scamsters in real life and everywhere.  You'd be amazed at how complex scams can run and how many otherwise "normal, intelligent" people fall for them everyday. 

[Severian]

  You'd be amazed at how complex scams can run and how many otherwise "normal, intelligent" people fall for them everyday. 

Federal Reserve/IRS...People have been falling for it for decades.

[madmadmax]

Am I being delusional or with the introduction of Bitcoin the creativity of the charlatans have emerged with cryptography, all I see are cryptographically complex systems which aim to cloud the judgement of the user and give the illusion of safety (because it's so complex!) yet in the end you are still unbelievable vulnerable and can still be swindled out of your coins.

E.g. SatoshiDice can still make selective bets with private information which is available only to them and win their own coins thereby stealing from their investors and promoting themselves through "Rare Wins"

Meh, I think you are just underestimating the power of scamsters in real life and everywhere.  You'd be amazed at how complex scams can run and how many otherwise "normal, intelligent" people fall for them everyday. 

Even more so on the deepweb "ZOMG I'8 a t0tal haXor kitty I cud b3 mak1ng 8000$ p9r h0ur 1ns a b1g c0mpany, z3nd m3 all ur c0ins so I w1ll g3t back t0 y0u m8"

[madmadmax]

Just because something clouds your judgement does not mean it clouds everyone's judgement. Unless you think all the smart folks in the world are going to simply stop being a part of society, I don't think you need to worry. There are people willing to delve into the nitty gritty details and share them with the rest of us in a way we can easily understand.

You use satoshiDICE as an example, but don't you take the chance of "being swindled" out of your money any time you gamble, regardless of where? Aren't you attempting to "swindle" satoshiDICE out of their money by gambling there?

I am not confused by their methods thus I open the topic to enlighten other people, the methods are aimed at the stupid masses like every method which aims to deceive is, only here you actually got investors biting the smart people in the ass for exposing the flaws.

Your implication is ridiculous, gambling is a service like any other, if you lost the funds fair and square you got nothing to complain about, it is when you are being deceived and lied to with the aim of stealing your funds with zero chance of winning anything when that becomes a problem.

[bullioner]

Nah, it's almost as simple as it could be.  Try designing one with built in crypto agility and an automatically varying block size limit. 

Actually the "script" system, most of which is crippled anyway, is needlessly complex.  But other than that it's really simple.

[madmadmax]

Nah, it's almost as simple as it could be.  Try designing one with built in crypto agility and an automatically varying block size limit. 

Actually the "script" system, most of which is crippled anyway, is needlessly complex.  But other than that it's really simple.

I am not claiming that the bitcoin network is a scam, I am claiming that some of the people who accept bitcoin are scammers and they scam by providing an illusion of safety.

[ItsDom]

Nah, it's almost as simple as it could be.  Try designing one with built in crypto agility and an automatically varying block size limit. 

Actually the "script" system, most of which is crippled anyway, is needlessly complex.  But other than that it's really simple.

I am not claiming that the bitcoin network is a scam, I am claiming that some of the people who accept bitcoin are scammers and they scam by providing an illusion of safety.

That's a pretty bold claim. Perhaps you should provide some evidence to support your argument quick before you're flamed into oblivion...

[madmadmax]

Nah, it's almost as simple as it could be.  Try designing one with built in crypto agility and an automatically varying block size limit. 

Actually the "script" system, most of which is crippled anyway, is needlessly complex.  But other than that it's really simple.

I am not claiming that the bitcoin network is a scam, I am claiming that some of the people who accept bitcoin are scammers and they scam by providing an illusion of safety.

That's a pretty bold claim. Perhaps you should provide some evidence to support your argument quick before you're flamed into oblivion...

What is a pretty bold claim exactly? That there are scammers that steal btc? Heck there have been trojants written specifically to steal the users wallet