Post
Topic
Board Bitcoin Discussion
Re: BitCoin Scamming Business is Booming!
by
SquallLeonhart
on 09/09/2014, 13:57:05 UTC
Unfortunately, Bitcoin is an excellent medium for scaming.
NO

all money is equally excellent medium of scamming, just bitcoins rarity makes it more desirable.

its not about ease of scamming..... think about it
theres fiat bank notes, no consumer protection
theres bank regulations that supposedly protect people from losses
theres paypal with their ssl connections and encrypted databases.

YET

people still get scammed by chargeback scammers and the victims have no recourse.

the only lesson to learn is that bitcoin is YOUR funds. do not blindly trust someone you cant slap across the face with a wet fish

Bitcoin is still a better way to scam as it is much harder to track. You wouldn't want to give someone your bank if you are trying to scam him..