Bitcoin Forum
May 08, 2024, 09:28:01 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Who can you trust?  (Read 874 times)
xeerog (OP)
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
February 15, 2012, 09:01:15 AM
 #1

Granted you can't trust anyone, especially when bitcoins are involved..

But what sort of things make you trust someone who you are dealing with anonymously?

Other people you trust vouching for em? A long history?

I am curious what ideas people have. And I want to get out of this noob post status and the other threads look boring.
1715160481
Hero Member
*
Offline Offline

Posts: 1715160481

View Profile Personal Message (Offline)

Ignore
1715160481
Reply with quote  #2

1715160481
Report to moderator
1715160481
Hero Member
*
Offline Offline

Posts: 1715160481

View Profile Personal Message (Offline)

Ignore
1715160481
Reply with quote  #2

1715160481
Report to moderator
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715160481
Hero Member
*
Offline Offline

Posts: 1715160481

View Profile Personal Message (Offline)

Ignore
1715160481
Reply with quote  #2

1715160481
Report to moderator
1715160481
Hero Member
*
Offline Offline

Posts: 1715160481

View Profile Personal Message (Offline)

Ignore
1715160481
Reply with quote  #2

1715160481
Report to moderator
1715160481
Hero Member
*
Offline Offline

Posts: 1715160481

View Profile Personal Message (Offline)

Ignore
1715160481
Reply with quote  #2

1715160481
Report to moderator
someone703
Full Member
***
Offline Offline

Activity: 943
Merit: 101


View Profile
February 15, 2012, 09:32:16 AM
 #2

Pretty much what you.

People vouching for them and a good history of paying back loans or making successful transactions.

Even with this though you can always get screwed over and you have to be careful and only work with what you're willing/able to lose.

Other than that, I tend to take a look at a person's post history too to see what kind of posts they make and if it's quality versus quantity.  Combined with other feedback like heatware or bitcoin-otc you can try glean more into a person's trustworthiness.

Best you can hope to do is attempt to minimize risk as best you can.

TheHeroMember
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile WWW
February 15, 2012, 10:10:00 AM
 #3

Someone you knew better, a neighbor, schoolmate, or friend.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
bitsforcoins.com
Donator
Newbie
*
Offline Offline

Activity: 40
Merit: 0


View Profile WWW
February 15, 2012, 04:07:31 PM
 #4

In addition to what's been stated, try to see your transaction from the other person's standpoint.  What do they have to gain?  Is it just a couple of bucks, or perhaps a big trade secret that could make them rich?  The person who has the most to gain is the one likely to exert the most greed.  Try to see things from their perspective.

Bits For Coins . com - hosting services for the Bitcoin community
Quality Bitcoin Dedicated Servers
max in montreal
Hero Member
*****
Offline Offline

Activity: 504
Merit: 500


View Profile
February 15, 2012, 05:25:16 PM
 #5

I do not have that many bitcoins to lose, so when making deals I trust no one. I have had a few successful trades, and I estimate the most I was trusted with was about 400$...In other words people sent me cash becore I sent out the coins.

The last few trades that were not successful, people asked if i would accept paypal. I do not accept paypal ecause I do not trust paypal. I only send the coins after I receive payment. If they did the deal with paypal thats fine. Its when they lie to paypal saying they did not receive the coins and paypal believes them...thats where the problem is...so I trust the buyer, but the weak link is paypal, so no to paypal.

I am surprised but happy that the people trust me! Huh
TheHeroMember
Full Member
***
Offline Offline

Activity: 126
Merit: 100



View Profile WWW
February 16, 2012, 06:54:41 AM
 #6

One thing i know is that trust can be gained not asked.

Hey Guys! WWW.FREEBITCOINS.ORG introduces "Epic December Contest" where you can Win Sweet Casascius Coins !!!
redviper
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
February 16, 2012, 08:31:08 PM
 #7

well, I've trusted getbitcoin.com and the postal service with a little cash and it worked just fine  Grin
silver52961
Newbie
*
Offline Offline

Activity: 17
Merit: 0



View Profile
February 17, 2012, 01:47:02 AM
 #8

I trust people with a good history of being honest and close friends.
PatrickHarnett
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
February 17, 2012, 01:54:58 AM
 #9

Depends on how much you are trusting them with. Any amount of trust comes with the possibility you will get burned. The higher the value, the less trust you should have.

Anonymous:

$5 - Most people.
$50 - People that seem honest, have some short history of being honest.
$500 - People that have a well established history of being honest. (Last stop for anonymous transactions.)


Edited out the bits I didn't want, but the sentiment is spot on.  For anonymous transactions, how do you feel about it if it was a gift or donation where you don't get the money back.

If I give $5 to someone on the street I wouldn't expect it back - especially if they need it for food or a place to sleep.
$50 is more donation territory for a lot of people, but getting it back eventually or some other way is nice.
$500 or around 100 bitcoin - never hurts to ask and there is some small beginnings of a trust network/grading system evolving. 

It also depends on how much you can afford to lose.  As I've gotten older, the amount increases.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!