Quote from: mariobrito on June 01, 2014, 07:02:08 PM

I don't understand you guys.

You all wanted a descentralized, unregulated monetary system. This is what happens.

Are you all living in a different world from mine ? This is the human nature at it's best ( worst ).

This is what "no laws" means.

Do not forget that everytime you cash out some bitcoins to "real money", someone had to put that money to the system.

Like a wild west gold rush, some will get rich, some will get killed, most will get nothing, most will loose their investment and time.

See this as a game. Don't put more in the system that you would put on a xbox and a few games. Play the game and enjoy it Wink

They want decentralized and no laws, so long as they make money. When people lose money, they all of a sudden want the opposite. Many people may have made tons of money on 'scam/junk' coins in the past, but people become hypocrites and decide certain junkcoins are now evil, when things go sour. It's sort of human nature.

I'm all for exchanges being more restrictive (or picky may be a better word), more information being available, and ideally less scams/junkcoins out there. But polls, forum posts, people complaining, won't matter. If you don't like it, a person can leave. It really is up to the exchanges as to if they want to police themselves or not.

The game analogy is how I look at it. When I started with cryptos about 5 or so months ago, it reminded me of old fashioned stock market simulator games. I put in pretty much exactly what a video game would cost (<$40), figuring this is way too volatile, way too shady, to put real money into. And it's sort of fun that way. Plenty of ways to still make money using freebie coins/giveaways, with no real risk.

Shady exchanges always concerned me more than the coins themselves. At least for shady coins, you can usually figure out most are shady to begin with, or at least which are the least shady. While exchanges can go down at any moment with no recourse.

If anyone invests real sums (10s of thousands), they must realize the risks ahead of time.