Post
Topic
Board Bitcoin Discussion
Re: The real problem with Exchanges/Services...it's quite simple.
by
panju1
on 11/01/2015, 19:27:59 UTC
This is one drawback to using bitcoin, however the pros to using Bitcoin vastly outweigh the cons to using it.

When you deal with an established exchange, the exchange has a good reason to continue to operate honestly because they will generate long-term trading commissions. With a person to person trader on the other hand they can more easily pull off their scam again under a new identity

There is a disincentive to scam, but nothing prevents exchanges from getting hacked.