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Author Topic: Trust No One  (Read 143242 times)
offshoregenius77
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August 28, 2011, 02:19:08 PM
 #101

I would say do your research in a fast moving market like this. There is no way to fully verify people when we are in a market that is based on privacy and anonymity. The wallet fiasco's were quite obvious to me, in that there was no way you could trust a stranger to hold your cash in "thier" wallet. Trust AND smarts are imperative.

OG
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1481395768
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mizike29
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August 28, 2011, 02:27:00 PM
 #102

You wont have much problem or risk buying bitcoins and getting scammed, it can happen im sure, but 99 percent of the risk is with the seller.  Especially with ebay and paypal, or just paypal.  I have had a couple more succesful auctions on ebay again, seemed to have died down with the scammers for now, most got notified, banned, and people are communicating better and using some common sense warning signs and methods.  Less are selling on ebay though from the scams, but the rest of us on there are still doing pretty well.  Just be smart.

anthonya1g
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August 29, 2011, 12:16:25 PM
 #103

I'm trusting MtGox right now. I don't think they will screw me. If they do, they won't take THAT much though...

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godofwar
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August 29, 2011, 06:21:08 PM
 #104

not very practical
Doedskvad
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September 01, 2011, 02:36:46 PM
 #105

I think OP went a bit overboard with the security measures. Multiple-page-passwords are a bit overkill, don't you think?
pollus
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September 01, 2011, 07:43:33 PM
 #106

It is beter to spend 5 more minutes logging in then to loose everything if the security fails. Isn't that right ?
Bruce Wagner.
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September 02, 2011, 03:08:27 AM
 #107

MyBitcoin was not as secure as MTGox but was very reliable at the time
bitconformist
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September 03, 2011, 04:03:55 AM
 #108

MyBitcoin was not as secure as MTGox but was very reliable at the time
True! They had 100% reliability until they ran off with everyone's BTC.

Also, hiding something under a brick in the park is more secure than MTGOX.
DiaperedDynamo
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September 03, 2011, 06:00:15 AM
 #109

Depends on how heavy the brick is and how small the object is.

d times?
platorin
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September 03, 2011, 01:46:49 PM
 #110

Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.

rgraham
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September 03, 2011, 01:56:48 PM
 #111

Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.

Amen!
bitconformist
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September 03, 2011, 02:03:34 PM
 #112

Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
You must be a very lonely man.
platorin
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September 03, 2011, 03:05:00 PM
 #113

Well, every action you take - no matter on the internet, real world, real money or virtual as bitcoin - you should always begin with no trust rule.
You must be a very lonely man.

You forgot to add: damn rich as well Wink

No, honestly I am not rich with money neither I am lonely Wink

finchfrank
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September 05, 2011, 10:06:09 PM
 #114

I do think that mybitcoin and mtgox did very well planned scam, fraud - call it as you want friends. But i lost 70btc in mybitcoin without doing anything wrong, without making any mistakes, without getting any chance to make smth about it.
Just I thought - thanx god I didn't loose all my btc in mybitcoin.

But yes - i don't trust anyone now Sad
mizike29
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September 05, 2011, 10:31:47 PM
 #115

MTGOX is the only way to go right now period.  ANy thing new that pops up is way too risky.  And yes trust no one lol

Bebop
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September 06, 2011, 12:46:01 AM
 #116

Not that I am qualified to do so, but thread gets seal of approval. Thank you for raising awareness while we are still in the newbie forum.

★ The cure for boredom is curiosity
micgrez
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September 06, 2011, 03:27:08 PM
 #117

indeed, there are to many scammers out here:(
Vampiro
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September 06, 2011, 07:02:29 PM
 #118

In regards to the P2P exchanges (buying/selling coins, goods, services, etc) ... I find that this market has many similarities to the e-Gold market in my eyes. Exchanging with e-Gold was a hassle a lot of the time due to the fact that scammers can take your money, not get charged back, and remain anonymous. There are some serious issues, but the anonimity has many benefits as well. It is worth it in the end, and if you know how to protect yourself when dealing with others, I doubt you have to seriously worry about losing anything to scammer. A lot of the time it is the ones that don't take the necessary precautions to make sure an exchange is done in the safest manner possible, and with the most trusted individuals only.

FreeMonies
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September 07, 2011, 03:22:00 AM
 #119

this is so true! you can't trust any one now a days. I lost most of my savings trying to go to bitcon. I was devastated, but luckily I was able to recoup my losses this week when the price dropped low enough to buy back the amount of coins I tried to cash out to get to the con. I'll never take another forum user at their word again! (New account to protect my identity...)

JM
Gustavofring
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September 07, 2011, 03:50:01 AM
 #120

Agreed with MtGox. I've had luck with CaVirtex as well. It's run by a pair of awesomely helpful Albertans.

Are there any good BTC escrow sites that people have and are still using?

This can't be our dog. Our dog is a talking dog
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