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Author Topic: Too much scamming in Bitcoin  (Read 4482 times)
Dogtanian
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April 19, 2014, 02:55:48 PM
 #81

problem with btc is always btc is not regulated.

Why is that a problem? I think it's regulated by the people.
bryant.coleman
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April 19, 2014, 03:10:19 PM
 #82

Although they are all bigger or smaller scams, they all survive because their customers are either mentally incapable of spotting the scam, gullible, naive - or suffer from gambling addiction. They all manipulate, that's their very nature and sole source of revenue.

Do you have any proof for this? My friend plays on Prime-dice every week or so. So far, he hasn't incurred any loses at all. I have studied the results from hundreds of games played by him. I found nothing suspicious.
igorr
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April 19, 2014, 03:10:42 PM
 #83

problem with btc is always btc is not regulated.

Why is that a problem? I think it's regulated by the people.

LOL,
children's mindset

Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
Dogtanian
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April 19, 2014, 03:12:47 PM
 #84

Although they are all bigger or smaller scams, they all survive because their customers are either mentally incapable of spotting the scam, gullible, naive - or suffer from gambling addiction. They all manipulate, that's their very nature and sole source of revenue.

Do you have any proof for this? My friend plays on Prime-dice every week or so. So far, he hasn't incurred any loses at all. I have studied the results from hundreds of games played by him. I found nothing suspicious.

If it's provably fair then how can they manipulate?

problem with btc is always btc is not regulated.

Why is that a problem? I think it's regulated by the people.

LOL,
children's mindset

How so?
Leogheo
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April 19, 2014, 03:20:56 PM
 #85

As you said none wants to get ripped off. What can we do to prevent this?
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April 19, 2014, 03:23:37 PM
 #86

We've done all we can, I didn't even know about Neo & Bee but I personally stayed away from MTGOX because of it repeatedly having problems and I remember users warning about doing business with them, if people choose to ignore warnings backed up with legitimate evidence then them whining about scammers is just stupid.

I think the mainstream media is also partly to blame because they constantly gave MTGOX free advertising without checking into their history in the slightest.
Dogtanian
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April 19, 2014, 03:38:19 PM
 #87

We've done all we can, I didn't even know about Neo & Bee but I personally stayed away from MTGOX because of it repeatedly having problems and I remember users warning about doing business with them, if people choose to ignore warnings backed up with legitimate evidence then them whining about scammers is just stupid.

I think the mainstream media is also partly to blame because they constantly gave MTGOX free advertising without checking into their history in the slightest.

Everybody gave mt gox free advertising. It seemed to be the biggest exchange here even before the big trouble.
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April 22, 2014, 07:13:55 AM
Last edit: April 23, 2014, 05:20:26 PM by FalconFly
 #88

Although they are all bigger or smaller scams, they all survive because their customers are either mentally incapable of spotting the scam, gullible, naive - or suffer from gambling addiction. They all manipulate, that's their very nature and sole source of revenue.

Do you have any proof for this? My friend plays on Prime-dice every week or so. So far, he hasn't incurred any loses at all. I have studied the results from hundreds of games played by him. I found nothing suspicious.

If it's provably fair then how can they manipulate?

All smoke & mirrors, nothing more. And if someone takes an edge on a game and lets you do the math - he still has an edge and is tilting the table (falsely interpreted as honesty by gambling addicts).
*hint* showing long lists of games does not mean this list is complete, there are many ways to present you with something you can calculate and be apparently correct, for as long as the house can add unlimited virtual/invisible sessions unknown to you - they can create any matching checksums for any lists they like...

Plus, noone can "break the bank", the most legit services hold back their manipulation algos for the most profitable targets and to protect the bank (those will gladly break any luck streak if a winning streak endangers the operator).

Common sense or knowledge is often absent in gamblers minds, together with the number of addicted it makes for very profitable targets. It suits the BTC world well I must say so I don't have a hughe issue with their existence.

This forum signature is like its owner - it can't be bought
bryant.coleman
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April 22, 2014, 07:44:07 AM
 #89

Everybody gave mt gox free advertising. It seemed to be the biggest exchange here even before the big trouble.

Actually everyone here made a comparison between the BTC-E and Mt Gox. On the outside, Mt Gox looked more reliable. The owners were well known, and Karpeles had made a few statements supporting Bitcoin. On the other hand, the two owners of BTC-E (Alexei and Alexander), chose to remain anonymous and even shifted their office without any warning from Kiev to Bulgaria.
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