Quote:
Originally Posted by mayabong
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. |
after egold went down then liberty reserve from panama i think and webmoney from russia became popular...soon they too got plagued with the scammers and they suffered the same fate even in those countries...
all sorts of scammers use digital currencies exclusively and the more you make it anon the more attractive it becomes to them...mail order fraudsters, drug dealers, carders, ponzis, get rich shit, knock off goods, pills, steroids, HGH, guns, CP, seeds you name it and they will come in droves and make it rain problems for exchangers...then bit coins will become a pain in the ass to acquire and cash out for the regular joe...just like you did not like digital currencies your would be customer will not want to go through the inevitable funding hoops that the above problems will impose...
1mdc=bitcoins...its history repeating...and money laundering LOL