Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Syke
on 27/05/2014, 16:02:47 UTC
It is a much more lucrative and "safe" vehicle for scams than the classical ones -- stolen credit cards, counterfeit cash, phony viagra, nigerian heirlooms, penny stocks, ponzi funds, ...

Wrong. Do you even have any idea how profitable just credit card fraud is? The credit card fraud in a single year alone absolutely dwarfs the entire bitcoin ecosystem. And this goes on every year, non stop. You obviously have no clue what you're talking about. Credit cards basically have their private keys printed on the front of the card. Every time you use a credit card you are at risk of having it stolen. Bitcoin actually reduces fraud. You can purchase anything from anywhere, and not ever risk your private key being taken during the purchase. A merchant can accept bitcoin from any customer throughout the world and never have to worry about chargebacks.

Sorry, I can't handle your idiotic comments anymore. Welcome to my ignore list.