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    Author Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes  (Read 810140 times)
    oblox
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    February 02, 2015, 10:43:43 PM
     #5181


    The sad irony of it is there are more credit/debit card fraud annually and hacks surrounding fiat currencies than the sum of all the crypto frauds/thefts.
    It is sad but that's the sad truth about Crypto right now is that it's unregulated and pretty much people can just get away with ripping other people off.  That's what turns so many people away from Crypto in the first place

    It comes back to educating people that private keys are as good as cash and that trusting a third party (example, an exchange) means you really don't "own" the coins. The no-recourse in terms of chargebacks is a double-edged sword. As for other scams like ponzi's guaranteeing to double your money (cryptodouble)...those are a dead giveaway that people are going to lose coins. While they may not be regulated expansively, anyone running these sorts of games stateside should be aware of the SEC taking notice.
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