Post
Topic
Board Marketplace
Re: i'm glad there are so many scams and frauds
by
polynesia
on 04/08/2014, 16:53:47 UTC
Currently Blockchain.info estimates USD transaction volume at $40M daily. Are there any statistic regarding total fraud in Bitcoin transactions?

There are infos about double-spends in the blockchain, but they are understimated, as far I know.


And that much of scam and fraud are people too used to be inprisioned by the banking system, that when they are free they don't know how to act. Plus people looking for easy money.

Wouldn't this primarily relate to 0/1 confirmation transactions, which would be small amounts?
For larger amounts, wouldn't people wait for 6 confirmations, thereby eliminating double spending risk?