Trust No One

[PirateHatForTea]

The problem is that trust is a snowball and eventually the amount trusted is going to get bigger and bigger. I'm a cynic so I don't believe that anybody is incorruptible, just a matter of price. Sometimes it's not even the person's intention to defraud anybody, things might happen that he is forced to make a bad decision.

Quoting for posterity, this is particularly relevant given the current Pirate shenanigans.

[1714037204]

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[1714037204]

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[DasHousewife]

Some level of general societal trust is needed for the social contract. In the same way we trust people not to drive into us from the oncoming lane, we need to trust people to do the right thing socially.

[tpantlik]

Don't trust me.

[Ashley]

Hello

Dear bitcoiners,

speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?

preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments

Thanks in advance

[Chang Hum]

Hello

Dear bitcoiners,

speaking of trust,
can someone please recommend a good bitcoin
programme with decent returns that hasn't
collapsed yet ?

preferably with a low minimum 0.02 bitcoins or less I want to join
but haven't enough funds for the "big boys" of bitcoin investments

Thanks in advance

How much have you got? might be able to sort something out for the right price

[Fcx35x10]

thx

[DonShrents]

One of the worst things that online reputation or rating systems suffer from are their lack of details.

For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.

Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.

Sorry for the rambling. I hope it made a bit of sense.

~DonShrents

[Chang Hum]

One of the worst things that online reputation or rating systems suffer from are their lack of details.

For instance, a user can use an online rating system (say, for bitcoins) and can have a list of several hundred positive feedback ratings, all of which were for single 1 btc or 2 btc transactions, which don't really mean much in the grand scheme of things. Once this rating is achieved, the user can then begin using it to his/her advantage and with that past trust history, can make larger and larger transaction requests and finally "cash out" with thousands of bitcoins rather than the 1 or 2 bitcoin transactions that were used to build the reputation up.

Especially for something such as bitcoin (that can be measured in terms of price and volume) a column should be used to add up "Volume to Date" or "Value to Date" of a user's rating history, so that if the user has 1000 positives, but has only done a total of 1200 bitcoins in his/her history, potential trade partners shouldn't be mislead into multiple-thousand bitcoin transactions under the same level of trust.

Sorry for the rambling. I hope it made a bit of sense.

~DonShrents

Don Shrents lol

[Monkey1]

References only go so far.  They tell you that the person is not known to be a thief, not that they wont steal in the future.  Its like job references or a credit agency reference..  They should be used to reduce risk but you should not use them as a guarentee that someone is trustworthy.

[SmokinCigs]

ok thanks

[Narseks]

Does anyone here sell Gaia Online gold? And would they still take paypal?

[dotcom]

good advice

[camjenk]

Holy shit that was an in depth guide. I'm glad I have all this info and I can secure my wallet now... it really isn't safe to keep a large sum of cash in your public wallets on SR... etc

[freefal]

Great advice (2 of 5 posts, woot!).

[zyk]

especially don´t trust this forums members, if you can´t trust your own perception !

Cheers Zyk

[jhill38]

This is seriously a ton of paranoia. I guess you can never be too careful, but then you have to keep your sanity. Cmon.

[balmoral92]

thanks for the advice

[dickroast]

Ditto.

[cdthomo]

I recommend AES + TwoFish + Serpent encryption of a hidden partition on a truecrypt-ed hdd on a non-connected PC. Only access the bitcoin network via tor + at least 2 OpenVPN based VPNs.

P.s.

Also only buy bitcoins from a shaddy character on a park bench in Washington with a brown paper bag of cash. The code word is "thunder" 

[sayonara]

I recommend AES + TwoFish + Serpent encryption of a hidden partition on a truecrypt-ed hdd on a non-connected PC.

Had never heard of Serpent. What does it offer compared to other encryptions?