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Author Topic: Trust No One  (Read 160643 times)
deroyale
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February 13, 2012, 09:41:45 PM
 #321

I don't trust anyone anyway.

Words to live by...

Amen brother!
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deroyale
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February 13, 2012, 09:44:47 PM
 #322

The nice thing about a true free market currency is that the free market will teach people lessons about self-protections.  IMO, one of the biggest problems with the fiat system is that some intermediary theoretically can make everything right if you've been ripped off (theoretically).  It generates a false sense of confidence in a system that simply cannot right all wrongs.

There was a time when it was considered laughable that anyone would have a bank account (and if you know much about fractional reserve banking and how bank runs occur, you know why it was and is such a risk).

There was a time when it was considered laughable that anyone would use "rag money" instead of hard coin.

There was a time when it was considered laughable that any 3rd party could protect your and your assets better than yourself.

The really laughable part is that's how most of human history has gone - only in the last 50 years or so has much of this changed.

Who's the sucker?  We live in a time of exceptions and we believe them to be the rules.

Safeguard your own money.  Take responsibility for your own protection.  Otherwise, the market will teach you those lessons.



Well put...
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February 16, 2012, 01:49:16 AM
 #323

Thanks for the helpful tips Cheesy
TheHeroMember
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February 16, 2012, 06:59:13 AM
 #324

I don't trust anyone anyway.

Words to live by...

Amen brother!

+1

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February 16, 2012, 12:33:03 PM
 #325

ok got it Grin
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February 17, 2012, 11:33:33 AM
 #326

ok got it Grin
Very Good .  Smiley

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February 17, 2012, 11:58:15 AM
 #327

This is a thing that people should 'Just Know', but they don't. Would you give a password out to someone you don't really know? Of course not! This is just basic sense. People should already know this......

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February 17, 2012, 02:04:39 PM
 #328

Thanks for the helpful tips Cheesy

+1

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February 17, 2012, 08:30:35 PM
 #329

Thanks for the helpful tips Cheesy

+1
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February 19, 2012, 03:50:15 AM
 #330

I will not trust anyone but myself :p

 
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dareq
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February 19, 2012, 10:55:12 AM
 #331

It is rather obvious that nobody should trust nobody online,but if you're paying with reversible money for noreversible money,then why not?Smiley

th3.r00t
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February 19, 2012, 05:43:26 PM
 #332

It is rather obvious that nobody should trust nobody online,but if you're paying with reversible money for noreversible money,then why not?Smiley
I'm with you brother! Smiley

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waterboyserver
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February 20, 2012, 01:48:52 AM
 #333

Well there could be people/services out there that may be honest with their practice on bitcoin trading, but how do you know who/what is trustworthy? Are there any good trading services that offers a form of insurance to its customers?
mxxx
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February 20, 2012, 02:15:10 AM
 #334

You can trust banks though, right?
waterboyserver
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February 20, 2012, 02:34:35 AM
 #335

The issue of trusting a bank differs from trusting bitcoin in many ways. The most obvious being government oversight in monitoring the "flow of money," needless to say there are established laws on how to regulate the flow of money in a financial system. Bitcoin lacks this sense of a "regulatory mechanism" and replaces it with us users. Whether this is good or bad I cannot tell, yet many people argue both ways.
TheHeroMember
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February 20, 2012, 04:05:33 AM
 #336

The issue of trusting a bank differs from trusting bitcoin in many ways. The most obvious being government oversight in monitoring the "flow of money," needless to say there are established laws on how to regulate the flow of money in a financial system. Bitcoin lacks this sense of a "regulatory mechanism" and replaces it with us users. Whether this is good or bad I cannot tell, yet many people argue both ways.

Agree +1

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
johnwags
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February 20, 2012, 08:44:01 AM
 #337

Nice Post, it would helpful for me for online online transactions.
thanks for sharing
Vernon715
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February 20, 2012, 01:32:20 PM
 #338

How secure is Mt. gox? Are they the most secure of the online currency converters?

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pastory99
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February 23, 2012, 09:15:17 AM
 #339

Thanks for the advice!
j4c300
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February 24, 2012, 05:54:34 AM
 #340

How secure is Mt. gox? Are they the most secure of the online currency converters?

They were hacked a while ago, so idk.
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