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Author Topic: Trust No One  (Read 142981 times)
xk5
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March 13, 2013, 08:13:04 PM
 #1521

I think it's nuts that anyone uses an online wallet at all, which in my defeats a considerable amount of the anonymity and total control aspects that make BTC great.  But then again one of the main reasons I use bitcoins in the first place is because I'm paranoid as hell, so to each their own I suppose.

One thing though is that if you are not going to use an online service... make sure to encrypt your wallet and always have a backup on a thumb drive or other physically removed device.  Make sure to backup each time you add new receiving addresses or you'll never retrieve those coins if your wallet file gets corrupted or trashed in some way.
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1480817566
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BitCoinSeo
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March 13, 2013, 08:42:11 PM
 #1522

It seems to me that bitcoin trading is kind of like the online freelancer websites, you have to take time to build up a good reputation and sometimes start off with small jobs to earn peoples trust.
Facebook profile just tells you a person is on the internet it doesnt say what kind of person they are.
I have almost 10yr old ebay account with 100% rating same with at freelancer that should mean something in an ideal world internet.
Mills00013
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March 14, 2013, 03:02:12 AM
 #1523

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.
Beauxe
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March 14, 2013, 04:02:43 AM
 #1524

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
 #1525

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
 #1526

thks for your advice. Smiley
szita2000
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March 14, 2013, 03:25:16 PM
 #1527

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
 #1528

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
 #1529

Thanks for the warning! ^^
shibaji
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March 14, 2013, 10:35:08 PM
 #1530

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.

BTC: 1G4FWK6U3qQb2ikgdcYZovLzyQ7xmWotBP  LTC: LUnQFuhQKNjhrsK4HSdcsn6Bf3wcT3tW2y  DVC: 1EKz74j7xNBYunJ77wQVD8DE843PwZaRFF
My reputation thread: https://bitcointalk.org/index.php?topic=183806.0
Shibaji's Your Man In USA Service: https://bitcointalk.org/index.php?topic=191303.msg1980889#msg1980889
Galt
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March 15, 2013, 02:47:07 AM
 #1531

thanks for the tips
kikotoby
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March 15, 2013, 04:59:49 AM
 #1532

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
 #1533

Great introduction into the dangers of the marketplace. It's a shame I can't encrypt each of my dollar bills.
a0a0
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March 15, 2013, 10:35:11 PM
 #1534

Good Info, Thanks!
MonkeyBear68
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March 16, 2013, 09:39:35 AM
 #1535

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
 #1536

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.

Vink
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March 16, 2013, 09:35:30 PM
 #1537

will take note.

eddy79
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March 16, 2013, 10:14:09 PM
 #1538

Thank u very much, its so important for me! )))

regards,
eddy
rezabingo
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March 16, 2013, 10:37:58 PM
 #1539

I will remember that!

hey bitcoiners
valeth
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March 16, 2013, 10:49:42 PM
 #1540

Thank you for your help!
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