Originally Posted by conzilla
So easily everyone forgets about the banks housing scam. And does anyone remember Bernie Madoff. Lets not for get the great credit card companys regulated so they can only charge you 30% intrest instead or 100 or 200% Thank god for regulation. Scams and stealing happen with every currency Some if it is just government backed stealing.In the last 8 months the cryptocurrency market has been flooded with new money from people trying to make it rich quick. The problem is they have little or no knowledge of how it works,how to keep it safe or who to trust with it .
They google bitcoin and click on the first site they see. Look how many poeple on this tech forums still think you mine bitcoin with gpus and were the smart ones.
I came here to say that.
As long as people aren't educated on how to handle and protect their money (in any form), there will be all sorts of scam attempts. In this case, it ranges from simple brute force attacks, to social engineering and larger scale operations.
The safest way to protect it will be down by the individual. However, this requires a certain amount of knowledge.
We've been in the Information Era for long enough to start expanding our knowledge on information security. And I am speaking from the masses' point of view, not just the cherry-picked technically literate members taking part in communities such as this one, or experts in the professional aspect of it.
With more complex means of transfer of information, a much greater volume of information in circulation and a tremendously higher value of the information, it is only natural to become the target of malicious attacks.
The world of digital information expands orders of magnitude faster and little entities would respond to the challenge of protecting illiterate people's information and providing a guarantee that their information will remain safe from harm, theft, and corruption.Edited by fragamemnon - 3/5/14 at 6:59am