I'm reading about yet the latest, apparent bitcoin related scam and thinking about how so many of these companies not only benefit from but actually depend on the blind faith of bitcoin enthusiasts to give them the air of legitimacy.
People, there have always been scam artists and there will always be. And the first thing a scam artist does is gain your trust, make you somehow identify with them. So what's happening? Every scammer out there is trying to figure out how to grab everybody's bitcoins by appealing to their pride and enthusiasm for bitcoin. And we have to take some responsibility.
We've got to stop get over excited or even giddy every time somebody announces their new bitcoin business. We have to stop proclaiming how delirious we are because we will be able to do whatever is being promised by whatever company, just because they promised. We have to hold every single bitcoin related company to the same level of expectations as we would any company. Every single company must be held to normal standards.
Don't pre-order. Don't send your bitcoins to unproven entities. Don't give companies free publicity. Demand companies prove the legitimacy of their services or products before you even think about spending bitcoin or money with them.
Stop the madness!
submitted by lizardflix
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from Bitcoin http://ift.tt/1iLEAOC
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