Quote from: Foxpup on October 06, 2012, 11:02:18 PM

Quote from: SEC agent on October 06, 2012, 09:31:43 PM

I began visiting this forum a few months ago, and since I have been here I have been baffled by the proliferation of banking and security scams and frauds. Every "business" I have looked at has been nothing more than a poorly hidden scheme to seperate fools from their money.

What, every one? Look harder.

Quote from: SEC agent on October 06, 2012, 09:31:43 PM

So, why do you think scams are operated so freely here? Lack of moderation on the forum? A community to greedy to care? Is it just the anonymity and the (until recently) lack of punishment and law enforcement?

If you look past the obvious answers, you'll see one that's even more obvious. Specifically, there are scams everywhere. These forums actually have relatively few scams, at least when compared to the rest of the Internet, or even just my spam folder.

Quote from: SEC agent on October 06, 2012, 09:31:43 PM

Why shouldn't the forums (and bitcoin overall) be shut down?

Go shut down the U.S. Dollar. It's involved in far larger and far more numerous scams and illegal transactions than Bitcoin ever has.

Quote from: SEC agent on October 06, 2012, 09:31:43 PM

Why shouldn't a central authority be set up to tackle the frauds that are so endemic in this community?

We already have one. It was established long ago as a government agency, a commission if you will, in charge of regulating the exchange of things like securities and other investments. I just can't remember what it's called. The Commission of Exchange of Securities? No, that's not it... Oh wait, I remember now, it's called the Securities and Exchange Commission. You may have heard of it. Why aren't they doing something about all this?

I agre with most of what you said here. Its kind of scary how Many scams there are around this forum :/