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Old 03-22-2013, 12:13 PM  
mayabong
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Join Date: Jan 2010
Posts: 1,952
Quote:
Originally Posted by crucifissio View Post
bitcoins seem to be a heaven for scammers...non refundable and anon transfers were how evocash and e-gold started out...you could buy evocash or e-gold with an anonymous money order and cash out by WU or credit card...

it was a heaven for scammers of all sorts...most noted were the ponzi schemes...for example freelandops got 3.5million$ of evocash frozen...evocash went under soon after...egold has countless such stories...

the problem lies with the exchangers in such situations...

when lots of people start to complain the exchangers not only start loosing money but also funding options...first visa and mastercard turned their back on digital currencies and paypal was never compliant in the first place...then came strict know-your-customer policies for exchangers that practically grinded digital currencies to a halt...

soon most exchnagers were out of the USA because of strict regulations and the funding options were either a nightmare of paperwork for KYC before funding or shady and risky "private" exchnages with no website that dealt over forums...

anon transfers are simply not realistic...exchangers are sitting ducks under such circumstances...when reputable exchnagers get swatted down like flies the market goes in to chaos and everybody who is serious about business moves on to a better payment platform...

I have been burned and you have been warned: stay away from anything claiming to do any sort of anon money transfer...
Bitcoin is for sure a Buyer Beware situation. I used to use egold back in 2003 I believe, I really didn't understand it back then or why it was so hard to acquire some.

The internet has evolved much more since the e-gold days, the people are much more connected.. There are sites like http://localbitcoins.com to connect you locally. I agree the exchanges are where the rubber meets the road and are a sitting duck. The biggest exchanges are not in the US and do comply with the "know your customer" crap.

If I want cash for my Bitcoins I can get it mailed to me no exchange needed.
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