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Author Topic: What a great lesson for the FREE MARKET.  (Read 1185 times)
someotherguy
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August 07, 2011, 03:40:34 AM
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I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.

This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.

Furthermore, this commodity/currency needs to have a...

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FlipPro
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August 07, 2011, 03:55:46 AM
 #2

I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.

This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.

Furthermore, this commodity/currency needs to have a...


Do you know what you're talking about?

I think not...

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logansryche
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August 07, 2011, 04:02:48 AM
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Quote
Do you know what you're talking about?

I think not...

I concur. For a minute there I thought he was talking about me, but now I lol.
someotherguy
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August 07, 2011, 04:06:27 AM
 #4

I am sorry to be so harsh, but why would anybody put their commodities/money in a new "bank" with no assets and, no real liability? Furthermore, the "bank" was registered in a "country" notorious for fraud and exclusion from certain aspects of the U.C.C.

This is a new commodity/currency, and while fundamentally sound, it needs to treat secondary services with extreme caution.

Furthermore, this commodity/currency needs to have a...


Do you know what you're talking about?

I think not...

Prove it.
Jack of Diamonds
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August 07, 2011, 04:08:11 AM
 #5

So after a bit of deliberation, my brain deciphers the fact you are talking about mybitcoin.com.

Why not mention it in the first post instead of causing confusion?

Still, yes, people were naïve to trust the service,
people have already accepted the fact they might not see the money again, life goes on

1f3gHNoBodYw1LLs3ndY0UanYB1tC0lnsBec4USeYoU9AREaCH34PBeGgAR67fx
FlipPro
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August 07, 2011, 04:18:46 AM
 #6

So after a bit of deliberation, my brain deciphers the fact you are talking about mybitcoin.com.

Why not mention it in the first post instead of causing confusion?

Still, yes, people were naïve to trust the service,
people have already accepted the fact they might not see the money again, life goes on
Lol +1 I thought he was talking about Bitcoin for a second.

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evoorhees
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Democracy is the original 51% attack


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August 07, 2011, 04:47:12 AM
 #7

Is the "great lesson" that people will tend not to use a service after it defrauds them?  Seems the free market works after all, no?
hugolp
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August 07, 2011, 04:53:35 AM
 #8

Is the "great lesson" that people will tend not to use a service after it defrauds them?  Seems the free market works after all, no?

The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market.
evoorhees
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Democracy is the original 51% attack


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August 07, 2011, 06:11:47 PM
 #9

Is the "great lesson" that people will tend not to use a service after it defrauds them?  Seems the free market works after all, no?

The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market.

That's actually an excellent point.
westkybitcoins
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Firstbits: Compromised. Thanks, Android!


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August 07, 2011, 06:44:47 PM
 #10

Is the "great lesson" that people will tend not to use a service after it defrauds them?  Seems the free market works after all, no?

The problem is that we are so used to being scammed from our institutions on legal growns but with controlled trade that we dont know how to behave in a unrefulated market. We are dumbed down and are learning the hard way how to behave in a real market.

+1

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