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Author Topic: Trust No One  (Read 161202 times)
ashleywilliam
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March 08, 2013, 08:03:31 PM
 #1421

Good advice.   Cheesy
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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pollo633
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March 08, 2013, 08:40:14 PM
 #1422

gotta be careful!
jasmine899
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March 08, 2013, 09:03:22 PM
 #1423

I think bc is the safest way to buy sth on the internet atm.
roberthawkins
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March 08, 2013, 09:15:58 PM
 #1424

Thanks for the info!
2302
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March 08, 2013, 09:58:16 PM
 #1425

I understand what you're saying and I agree mostly, but I've had some coins disappear back during the whole MyBitcoin fiasco and it just left a bad taste. I try and keep them all offline and encourage others aswell.
cheekynote
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March 08, 2013, 10:06:42 PM
 #1426

dont use paypal - and keep your own wallet is my advice!
HelloKitty9001
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March 08, 2013, 10:15:01 PM
 #1427

thanks, i'll remember this
tango@bitango
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March 09, 2013, 01:17:59 AM
 #1428

good advice
Gab1159
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March 09, 2013, 12:46:43 PM
 #1429

Wise words!
Glitter
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March 09, 2013, 03:37:16 PM
 #1430

Thanks for the info. Trust nobody but yourself.
theta
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March 09, 2013, 10:28:05 PM
 #1431

Very true
chickenfriedsteak
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March 09, 2013, 10:28:57 PM
 #1432

 hey newb... ur stealing my pad tactics  ...
mylittlepony665
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March 09, 2013, 10:48:29 PM
 #1433

Thank you for the advice. I used blockchain.info to hold my bitcoins, but when I read this thread, I am starting to think that I should instead stick with the client wallet that weusecoins provides
DurnaldDuck
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March 09, 2013, 11:22:36 PM
 #1434

Trust people you only know offline, but don't trust strangers. We are no longer monkeys.
FiniteMatter
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March 09, 2013, 11:35:21 PM
 #1435

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.
Fantaman
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March 09, 2013, 11:41:09 PM
 #1436

This whole thing will never work if you can't trust the exchanges that you're poring money into. Mt. Gox, for example, is a place I think we can safely say IS safe, even if their registration requirements are a bit strict (need an id and proof of address). Other than them, though, I'm suspicious of everything.
Funfunfunfun
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March 09, 2013, 11:53:02 PM
 #1437

In other words, Bitcoin is like Paypal. Don't send money to unverified strangers.
it's not necessarily about trust, but due diligence.

use a phone book, make sure the name matches the address, and the phone number is real. Call them.
Same thing people do with PayPal when verifying customers.

People who are identified won't be very likely to scam you.
JacobMilkman
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March 09, 2013, 11:57:04 PM
 #1438

+1
sarah33
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March 10, 2013, 12:01:40 AM
 #1439

you always need to start somewhere - just find who you think is the most trustworthy, invest a little trust in them and it will either grow from there or not - is that not just a basic lesson in life?
Luvinitgood
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March 10, 2013, 12:05:06 AM
 #1440

Aren't you using a web of trust in this community?
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