In my experience, it is great for non-commercial hook-ups. Video chat with your friend before agreeing to meet up with your new friend if you're afraid of an old or false photograph. Or, if he shows up and doesn't look like you expected, just say "another day". Always meet in a public place, for that reason.
For commercial hook-ups, there are some very flaky people on the site -- those that perhaps couldn't make it in a bar or who got kicked out for doing drugs. Be careful.
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