It's bad because it feeds into, no regulation, no protection, is it worth the time etc... If I lost 3,4,5 BTC in ONE Day because of something like this? I'd be done with BTC totally. So in my opinion that's why it's bad for bitcoin. If you don't have legitimate users for the coin, it's not going to be worth having. I seen master-p's name posted by different users in this forum daily, if you can't trust a user with his reputation to escrow? I mean seriously, people would be gunshy right now to escrow with "theymos" or "Satoshi Nakamoto" themselves... j/k of course, but you get what I mean. I just see the marketplace going nuts now, "no you send first", "I'm not sending first you crazy", "Well I'm damn sure not using escrow".  So for me, if you can't trust spending BTC on anything or anywhere? what good is acquiring BTC? Which again is a whole other mine field in itself these days if your not hooked up with a bank account to an exchange. This is just my opinion of course, I have only been scammed on a couple small transactions, so no big deal to me, but to possibly lose what's at risk of being lost today? No way is it worth it in my opinion, and it's just that... my opinion nothing more. I just think bitcoin at some-point is going to be only sought after by online scammers, criminals and con-men if normal consumers loose their faith in it. Which is the basis for any currency FAITH, once that's lost it's over, and I definitely lost little faith today and I didn't even have any BTC at risk. Scammers will be happier today also because now they'll be able to talk people into sending bitcoin first because? "look what happened with master-p".