Quote from: empoweoqwj on May 29, 2014, 12:29:40 PM

Quote from: OvervoltYou on May 29, 2014, 12:10:53 PM

Well lets just say I lost 32BTC from investing into this. I know its my fault so you guys don't have to blame me for taking this risk. It is a part of investing into things like this. It is just sad that it is becoming very common now in the btc forums.

I feel there should be some sort of verification with the admins or have a team here that verifies the authenticates of certain groups like this. I know it will not solve the issue but it would help provide legal documents in case something like this happens.

I myself invested well over 1 Million into multiple bitcoin companies trying to get up an running and majority of them keeps their word. It turns out the ones who have too much to handle just breaks down and decide to make a few sales and run off with it. This is all a risk that you have to take and its our faults for investing into it.

All we need is just a new system or community towards fixing things like this. I for one would pay a lot of money for people who are good with creating a team and site that can do a job like this to prevent people from doing what has been done here.

Why on earth do you assume you have lost everything?

Its a PITA that FC is late posting, totally agree there, but it doesn't mean you have lost everything.

A "community" can never prevent fraud anyway. If companies want to run away with people's cash, there are a thousand ways to do it. And by "company" I mean regulated or unregulated.

A community can prevent fraud. However, the first step is to identify it and the discussion needs to take place in order for the perceived fraud to be validated or invalidated as the case may be.