Trust is a major issue in the Bitcoin cloud mining industry. Every few months, a new scam company implodes, stealing the money of their customers and in return, damaging the entire industry by creating resentment, uncertainty, and anger.
For those in the Bitcoin community, you likely saw the cyber war erupt on the popular Bitcoin subreddit. Users went into an uproar when several posts were removed that mentioned bitcoinXT (a potential Bitcoin client that allows larger blocks) and users cried foul that the subreddit was being censored.
In the 1800s, a series of legal acts were passed in the United Kingdom that later became known as the Red Flag Acts. These acts were passed to address growing concerns about the safety of these strange new machines called “automobiles”.