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What scams have you ever heard of that made it hard to get your money into them? The reason it's a pain to get into Bitcoin is because of all the regulations t

by jnbiche 13y ago

What scams have you ever heard of that made it hard to get your money into them? The reason it's a pain to get into Bitcoin is because of all the regulations that the "shady" exchanges are complying with (and again, how many "shady" operations do you know that comply with government regulations?). By the way, I do agree that it can be inconvenient to get everything set up initially in an exchange like Coinbase or Bitstamp, but no more challenging than establishing a checking account at a local bank. Both are equally inconvenient to set up now due to onerous government regulation.

XorNot 13y ago
Most scams are hard to get money into because the finance system is specifically organized to make it hard to be scammed or run a scam. You know, the thing all those regulations are about. Which is why every scam starts off having to convince you to do something you don't quite understand, with a financial process that will always be a little odd.
Jare 13y ago
I think you're being disingenuous here. > What scams have you ever heard of that made it hard to get your money into them? The first thing a scammer will say is that he doesn't want your money. Depending on the scam and circumstances, he will even refuse it. > how many "shady" operations do you know that comply with government regulations? All such operations must avoid showing up in any government's radar. For that they have to hide some parts of their activity, and look pristine, lawful and compliant in the rest.
- jnbiche 13y ago
  >I think you're being disingenuous here. Well, I think you're being disingenuous. Please cite a scam that worked by making it hard to get money into the system. Besides, mind blown! Bitcoin is a phenomenon that has been featured on the front pages of the Wall Street Journal and New York Times, regularly covered on NPR and CNBC, all with coverage that was generally critical but fair, and no one accusing it of being a "scam". And yet you're still hanging on to this baseless, slanderous accusation? I mean, accuse r/Bitcoin of being mindless cheerleaders of Bitcoin, fair criticism. Accuse the economy of being traditionally filled with libertarians, programmers, and crooks. Fair criticism. But scam? Come on. It's you who is being disingenuous here.
  - antocv 13y ago
    Its a scam because the first 20 000 blocks and the early adaptors controlling quite a majority of the bitcoins. Now it may be fair to some extent that early adaptors should have some advantage. But for an outsider bitcoin is controlled by a 1% clique who are anonymous. The rest have to identify themselves with passport photos. Its a scam in the sense that it isnt better than what it claims to replace, its worse.
antocv 13y ago
My attraction to bitcoin came from it being a bit anarchist. Now I dont see the point if its just going to be another currency. Where all transactions are under the eye of the state and all holders identified to it but not to each other.

by jnbiche 13y ago

XorNot 13y ago

Most scams are hard to get money into because the finance system is specifically organized to make it hard to be scammed or run a scam. You know, the thing all those regulations are about. Which is why every scam starts off having to convince you to do something you don't quite understand, with a financial process that will always be a little odd.

Jare 13y ago

I think you're being disingenuous here. > What scams have you ever heard of that made it hard to get your money into them? The first thing a scammer will say is that he doesn't want your money. Depending on the scam and circumstances, he will even refuse it. > how many "shady" operations do you know that comply with government regulations? All such operations must avoid showing up in any government's radar. For that they have to hide some parts of their activity, and look pristine, lawful and compliant in the rest.

jnbiche 13y ago
>I think you're being disingenuous here. Well, I think you're being disingenuous. Please cite a scam that worked by making it hard to get money into the system. Besides, mind blown! Bitcoin is a phenomenon that has been featured on the front pages of the Wall Street Journal and New York Times, regularly covered on NPR and CNBC, all with coverage that was generally critical but fair, and no one accusing it of being a "scam". And yet you're still hanging on to this baseless, slanderous accusation? I mean, accuse r/Bitcoin of being mindless cheerleaders of Bitcoin, fair criticism. Accuse the economy of being traditionally filled with libertarians, programmers, and crooks. Fair criticism. But scam? Come on. It's you who is being disingenuous here.
- antocv 13y ago
  Its a scam because the first 20 000 blocks and the early adaptors controlling quite a majority of the bitcoins. Now it may be fair to some extent that early adaptors should have some advantage. But for an outsider bitcoin is controlled by a 1% clique who are anonymous. The rest have to identify themselves with passport photos. Its a scam in the sense that it isnt better than what it claims to replace, its worse.

antocv 13y ago

My attraction to bitcoin came from it being a bit anarchist. Now I dont see the point if its just going to be another currency. Where all transactions are under the eye of the state and all holders identified to it but not to each other.