> This is a terrible scam, but I am astonished by the frivolity with which people would move life-changing amounts of money into something with absolutely no du

> This is a terrible scam, but I am astonished by the frivolity with which people would move life-changing amounts of money into something with absolutely no due diligence. It's Bitcoin though. The volatility and returns in this bubble have been enormous, so its quite possible for "life-changing amounts of money" to not feel like that, because it was cheap and easy to get. I can confirm this. I ran a miner early on in a completely unserious way, and only recently bothered to dig up the wallet from an old hard drive to sell it. Even though it was worth thousands of dollars, I felt about that Bitcoin like a feel about an old hard drive: not worthless, but not particularly valuable, either. Also, the cryptolottery has handsomely rewarded many people for doing absolutely no due diligence. I mean, if you were someone who bought Bitcoin at the beginning, you probably did it on Mt. Gox, which looked like a garbage fire to anyone who did a little due diligence (and actually turned out to be one).