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Author Topic: Trust No One  (Read 160516 times)
Wagamama
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February 04, 2013, 03:12:16 AM
 #1001

.....or be cautious
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LoveSosa
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February 05, 2013, 03:23:54 AM
 #1002

What are the safest Escrows to use on this forum?

mine is pretty safe

heytherejake
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February 05, 2013, 04:16:18 AM
 #1003

I'm new to Bitcoin and it's good to here this advice, although somewhat unsettling.  Surely there must be somewhere where one could find a mentor, or someone to look up to while learning the ropes of Bitcoin mining!  One could only hope though.
CoinPay
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February 05, 2013, 01:38:40 PM
 #1004

The OP makes some very valid points.

Sadly when money is involved it can change a person & greed can take over.
people should really see bitcoin in the same way they see physical fiat or precious metals, something that should be secured to prevent theft.

Thieves do not just exist in the real world, cyber crime is now more than ever a very real and increasing risk.
Due to how bitcoin works once they have been taken there is very little chance of getting them back.

However its not just theft that you are securing yourself from.
As computers can be very temperamental at times and if your storage device was to corrupt you would lose your bitcoins. By backing up your wallet regularly you can minimize this risk.
pixelcoin
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February 06, 2013, 04:22:57 AM
 #1005

You can trust me  Grin

Here have my money.

Hey everyone, free money! Where do I sign up? Tongue

But seriously, with bitcoin as with everything else, just use some common sense: if something might be a scam, treat it like it is. Especially anything that seems too good to be true!
bitcoins...BIIITCOINS
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February 06, 2013, 05:26:17 AM
 #1006

Hopefully you have family you can trust when it comes to bitcoin.  Unfortunately not everyone has the most trustworthy family, but family>friends>randos on the internet
Moieur01
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February 06, 2013, 08:23:29 AM
 #1007

sounds good
Jaques
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February 07, 2013, 02:35:50 PM
 #1008

today i trusted bitcoin.com.es
went very smooth and fast
Flatlinezor
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Funny quote


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February 08, 2013, 05:57:31 PM
 #1009

I guess the best way for a newbie to start selling is if he/she agrees on the terms of the buyer, let it be escrow, sending the goods first, and so on. Hopefully the "community" eventually indeed lets others use the market here as well, to be able to convert assets to BTC.

Calm sea doesn't breed skilled sailors!
inge
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February 09, 2013, 01:59:36 PM
 #1010

I guess the best way for a newbie to start selling is if he/she agrees on the terms of the buyer, let it be escrow, sending the goods first, and so on. Hopefully the "community" eventually indeed lets others use the market here as well, to be able to convert assets to BTC.

In the end it is a matter or trust. Just like how we trust our banks and our currencies like the Euro or Dollar. If a Bitcoin broker company keeps his promises, more and more people will start using it. Never make a big transaction the first time you use a new service!
RidleyReport
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February 09, 2013, 10:42:31 PM
 #1011

Trust but verify.

Want freedom? Move to New Hampshire! FreeStateProject.org
Want secession? Same drill! NHexit.com
Merralea
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February 10, 2013, 04:42:16 PM
 #1012

aha, a cozy home for my usually unfounded paranoia.
I think I'm going to like it here.
skibum
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February 10, 2013, 11:24:34 PM
 #1013

Regarding where to store BTC, I guess it's all about tradeoffs, risks, and risk management. I mean for storing small amounts and conducting small transactions, you would think (hope?) that a leading exchange and using 2-factor authentication would be ok.  But I see your points, especially as the amounts in question get larger.  But if/when size get larger and more material relative to the person, it seems diversification would be in order (to whatever asset classes they see as stores of value against inflation/deflation may be coming).
kworrom
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February 11, 2013, 08:24:30 PM
 #1014

The more I've learned about bitcoin related topics the more paranoid I've become in general about the world. Coincidence?
manfred
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February 11, 2013, 09:28:01 PM
 #1015

Thanks for the advice, but looks like to late for me.
willnye
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February 13, 2013, 12:30:30 AM
 #1016

Trust but verify.

good advice for life in general!
aryastark
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February 13, 2013, 12:53:04 AM
 #1017

I just wanted to join to share my bad experience. The caveat being that it is completely my fault for being impatient and overtrusting. I contacted a person by the name of Tamer Seemah on bitcoinary.com as he was selling BTCs. It was my first day on the site and I was reading the FAQ as I was talking to him. He refused to do escrow on our trade and basically a bunch of other huge red flags that I ignored. I fell for his scam and now I am out almost $200. Please spread the word or just know that this person is a scammer.


The paypal address he used with me was  tamersameeh@gmail.com and the name attached to the account is Tamer Sayed Mostafa. Here is his profile on bitcoinary https://www.bitcoinary.com/en/users/2530/profile. After the sick feeling that I had been scammed sunk in, I started looking at his feedback and it looks like a ring of scammers, all giving each other feedback. Don't fall for it like I did.  Roll Eyes
BigFigurez
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February 13, 2013, 04:03:51 AM
 #1018

Escrow literally takes minutes to set up and can save you $100's
gogxmagog
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February 13, 2013, 12:25:33 PM
 #1019

Escrow literally takes minutes to set up and can save you $100's
what escrow houses have you tried, and which do you like best?
pixelized
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February 13, 2013, 09:32:00 PM
 #1020

i have a hard enough time trusting myself!!!
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