Quote from: ferda2mx on August 12, 2014, 01:17:42 PM

Nice warnings, scammers are everywhere, so people must use brain before sending any BTC or cash to someone.

Quote from: Coinbuddy on August 12, 2014, 11:37:11 AM

Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market.

What do you mean backed by something? When you finally default on paying national depts, what will my savings in this government backed currency be worth Huh

And government backed by what ? A trust ? Roll Eyes

+1

And yet the average consumer gives a high value to anything "government backed" without knowing what exactly it means.