Re: i'm glad there are so many scams and frauds

[xoomo]

and nobody takes responsibility for scams related to bitcoins

How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.

Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity

[1715581643]

1715581643

[sandykho47]

There are lot scams and frauds
But, usually people know difference scams / not

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

there aren't any fraud statistic. but usually very small amount

[polynesia]

There are lot scams and frauds
But, usually people know difference scams / not

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

there aren't any fraud statistic. but usually very small amount

If you include losses due to hacking, a couple of large transactions can really skew the total amount. 

[botany]

and nobody takes responsibility for scams related to bitcoins

How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.

Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity

pseudo-nymity.

[Zebra]

and nobody takes responsibility for scams related to bitcoins

How can it take, when your already know in the beginning when you deal with BTC what can happen, btc cant be controlled where its gonna end, it always go anonymously from one to another address and you cant find out which one is owner.

Yeah.. that's why the reason of large number of scams and frauds is obvious - anonymity

That is just part of the story.
On the other hand, it seems to me people make bitcoin decisions more carelessly.
For example, quite a lot of people fall in those hyip scams.
Will they give 10 bucks to a random person in the street when that guy promised to give them back $20 the next day? Guess not.

[Zebra]

There are lot scams and frauds
But, usually people know difference scams / not

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

there aren't any fraud statistic. but usually very small amount

If you include losses due to hacking, a couple of large transactions can really skew the total amount. 

You can find a list of major hacks and scams in the thread https://bitcointalk.org/index.php?topic=576337 (Last updated: June 27, 2014).
There are at least 10 incidents of ≥10000 btc loss and at least 18 incidents of ≥1000 btc loss.

[polynesia]

There are lot scams and frauds
But, usually people know difference scams / not

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

there aren't any fraud statistic. but usually very small amount

If you include losses due to hacking, a couple of large transactions can really skew the total amount. 

You can find a list of major hacks and scams in the thread https://bitcointalk.org/index.php?topic=576337 (Last updated: June 27, 2014).
There are at least 10 incidents of ≥10000 btc loss and at least 18 incidents of ≥1000 btc loss.

That throws the 'small amount' argument out of the window.

[Omikifuse]

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

There are infos about double-spends in the blockchain, but they are understimated, as far I know.


And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money.

[polynesia]

Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

There are infos about double-spends in the blockchain, but they are understimated, as far I know.


And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money.

Wouldn't this primarily relate to 0/1 confirmation transactions, which would be small amounts?
For larger amounts, wouldn't people wait for 6 confirmations, thereby eliminating double spending risk?

[campycoin]

The problem with bitcoin is... you can look like you're a bitcoin fan or pioneer talking about anonymity and privacy. As bitcoin users, you can and should be able to remain anonymous. The issue is, we let the seller reamin anonymous and this will never work.  EVER.  There has to be a trade off. If you are in business, you have to be transparent. Our problem is, we allow sellers to be anonymous and this is a recipe for scam-o-rama. It allows for the screw 1, serve 4 screw 1 serve 4 mentality.

IMHO - If you are a seller or in retail, then put anonymity behind you. You gotta be transparent for customers

[TheBullOfWallStreet]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

Most scams are very obvious. But there were some pretty elaborate scams, never forget that

[jeffthebaker]

Don't send anything to any address promising you to profit from your deposit. Don't use any means of transaction offering an unrivaled deal/rates. Just stick to the norm, what everyone uses, and you are safe. Not just for bitcoin but as a rule of thumb, this is very handy to go by. 

[polynesia]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

Most scams are very obvious. But there were some pretty elaborate scams, never forget that

True. Pretty knowledgeable people have fallen prey to scams as well.

[TheBullOfWallStreet]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

Most scams are very obvious. But there were some pretty elaborate scams, never forget that

True. Pretty knowledgeable people have fallen prey to scams as well.

Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams.

[ltbharley]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

Most scams are very obvious. But there were some pretty elaborate scams, never forget that

No one here remember Coin2x scam?
There were really many people involved, I'm still waiting for my refund hahah

[Razick]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? 

[polynesia]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

So you are glad that innocent people who are less knowledgeable about internet safety than you are getting scammed? 

It is a 'learning' experience for them. 

[counter]

That is silly to blame people for being scammed in the event they come across one of these scams.  If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story.  The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame..

[polynesia]

That is silly to blame people for being scammed in the event they come across one of these scams.  If the person volunteered their money it's one thing but when someone digs a whole and covers it up to hide the fact it is there, is a whole different story.  The internet is like uncharted territory and the scammers are pirates but in your mind they aren't that bad or to blame..

I am not saying the scammers are blameless. Of course, they should be blamed. If they are caught, they should be punished.
I am merely trying to find a silver lining from the point of view of the scammed.

[Salmon1989]

You have to be really ignorant with no researching and knowledge to fall for phishing sites, e-mail spam etc...


MOD NOTE:
Split from https://bitcointalk.org/index.php?topic=111855

Most scams are very obvious. But there were some pretty elaborate scams, never forget that

True. Pretty knowledgeable people have fallen prey to scams as well.

Yes, coinlenders, Mtgox, pirate and bitcoinica. All very deceptive scams.

Pirate was clearly operating an obvious ponzi, while gox was having USD withdrawal problems for months before getting down...