The thing with these services is that anyone who's running it can walk away with everything, and no paper trail. After Mt. Gox, anyone who keeps their bitcoins on someone else's service all the time isn't all that bright. Using a Bitcoin service like that is like walking down the street, seeing a hobo holding up a sign that says, "BOB'S BANK" and you decide it's a good idea to open a checking account with him and you give him all of your cash and gold. If you don't know what Mt. Gox was, it used to be a website used by Magic the Gathering players to trade cards. Their system, whatever it was, worked well for Bitcoin too and soon it became the central hub for online Bitcoin transactions. Then, bad things happened. And then, worse things happened when 850,000 Bitcoins valued at $450,000,000 (yes, nearly a half BILLION in US dollars) disappeared. Poof. 200,000 of the Bitcoins were recovered, but basically someone walked away with the remaining 650,000. I say someone, because nobody can prove it, but it's fairly well known (believed) that the guy running the site basically took the money and ran. And he didn't even have to run, he just had to say Ooops! Who knows what happened?! Oh well! as there was no paper trail.
Buuuuuump. I just wanted to restart this thread, because I laugh, each time in see news about Bitcoins. I tip my hat to those who bought into it early on and sold them off, for a big profit. I see this as a none-substance backed scam.
