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Author Topic: Trust No One  (Read 160444 times)
Mills00013
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March 14, 2013, 03:02:12 AM
 #1501

I'm actually scared to death recently of how dangerous the market is becoming. I guess it's no different than carrying large amounts of cash and dealing like that, but it's still a whole new world. Good to have some of the advice given in this thread.
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Beauxe
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March 14, 2013, 04:02:43 AM
 #1502

I would suggest the community develop standards for a "good business seal of approval" - particularly as it concerns transparency and responsibility.  While the anonymous feature of bitcoin is appealing in so many ways, it is not realistic to think that a currency can be successful in an ecosystem without trust and accountability.  If we are to develop legitimate financial and processing infrastructure, much of it will have to operate in a similar fashion to the bricks and mortar infrastructure we have built over centuries.
isnoop
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March 14, 2013, 07:59:04 AM
 #1503

I would suggest the community develop standards for a "good business seal of approval" - particularly as it concerns transparency and responsibility. 
BBTCBB.  Better Bitcoin Business Bureau.  It just rolls off the tongue.
Tony116
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March 14, 2013, 09:28:16 AM
 #1504

thks for your advice. Smiley

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szita2000
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March 14, 2013, 03:25:16 PM
 #1505

I would suggest the community develop standards for a "good business seal of approval" - particularly as it concerns transparency and responsibility.  While the anonymous feature of bitcoin is appealing in so many ways, it is not realistic to think that a currency can be successful in an ecosystem without trust and accountability.  If we are to develop legitimate financial and processing infrastructure, much of it will have to operate in a similar fashion to the bricks and mortar infrastructure we have built over centuries.

If you think it is not far off from "perfect" I think the biggest limitation of the currency is the electricity price. Where it won't be economical to mine, everybody will leave BTC and move to another cryptocurrency.

Knowledge speaks, but wisdom listens...
Wardrick
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March 14, 2013, 06:09:54 PM
 #1506

Theymos is about to lend out 1000's of BTC to people. Uh oh Tongue
lamaestro
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March 14, 2013, 07:00:32 PM
 #1507

Thanks for the warning! ^^
shibaji
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March 14, 2013, 10:35:08 PM
 #1508

It certainly looks like e-currency community needs protocols for better security. Due to chargeback issues, at the moment it is very hard to convert between fiat and e-currency. I wish it becomes smoother quickly.
Galt
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March 15, 2013, 02:47:07 AM
 #1509

thanks for the tips
kikotoby
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March 15, 2013, 04:59:49 AM
 #1510

you can always use escrow if you need it...

This is not a review of SR .  We all know that everyone who uses SR they should use the escrow ..Still good info bro..You are correct but alot of people still get scammed bye people ,vendors who mandate that they FE.
That is the biggest red flag for me..
hashrate
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March 15, 2013, 06:15:53 PM
 #1511

Great introduction into the dangers of the marketplace. It's a shame I can't encrypt each of my dollar bills.
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March 15, 2013, 10:35:11 PM
 #1512

Good Info, Thanks!
MonkeyBear68
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March 16, 2013, 09:39:35 AM
 #1513

Hmmm. I should not have read this thread right before going to bed. Now I won't be able to sleep. Putting my Bitcoins under my pillow does not seem to be an option.  Wink
ashleysly
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March 16, 2013, 08:28:12 PM
 #1514

Well you have to open up some time and be able to take risks, but majority of scammers are found out before mass amount of money is stollen. Always have details verified about them if your cautious i.e. request photo ID or something like that.

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March 16, 2013, 09:35:30 PM
 #1515

will take note.

eddy79
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March 16, 2013, 10:14:09 PM
 #1516

Thank u very much, its so important for me! )))
rezabingo
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March 16, 2013, 10:37:58 PM
 #1517

I will remember that!
valeth
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March 16, 2013, 10:49:42 PM
 #1518

Thank you for your help!
segfault
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March 17, 2013, 02:17:09 AM
 #1519

Noted. The bitcoin-otc folks also have some good protocols in place to attempt at protecting you from fraud. The wiki has a decent list of the risks associated with different payment types. The main thing I've learned is to stay very far away from all of the payment schemes that can easily be chargebacked unless I actually know the person. Paranoia seems to be rampant and justified given the nature of bitcoin transactions.
maciak
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March 17, 2013, 01:14:18 PM
 #1520

Thanks. Actually you are right. You can not trust. And this is not just with Bitcoins..
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