Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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.
I had the numbers somewhere that I cannot find now, but from memory: commercial payments through credit cards amount to over 7 trillion dollars a year, so 11 billion dollars of fraud is 0.2% of the total. In comparison, Bitpay claims that it processed 100 million dollars of payment last year; even if you multiply by 4 to account for other bitcoin e-commerce outside Bitpay, that is still less than the MtGOX heist alone. Even if you leave MtGOX out (since, technically, it may have been "embezzlement" rather than fraud), the KNOWN scams and heists in 2013 add to several million dollars at least. So, KNOWN bitcoin fraud must already be at least 10x worse, in percentage of total e-commerce, than credit card fraud.
You are comparing cc fraud /now/, in a mature e-commerce environment to btc fraud as commited in a nascent Bitcoin environment. If you really don't see any problem with that comparison, go ahead, but don't complain if people accuse you of biased perception.
Lets just, ignore Jorge. Shall we? It would be such more of a blast to read through this thread without people going into an endless discussion with him. He/she/it wont ever admit anything, even at fault. So yeah, ignore? 
No, I'd rather not. Jorge is certainly stubborn and probably biased, but intelligent and polite. I enjoy the discussions with him.