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Topic: A Late Show with Stephen Colbert calls bitcoin a scam (Read 595 times)

full member
Activity: 644
Merit: 101
Ecowatt.io
Hello to all. Of course, such statements are not pleasant to see, but such shows raise their rating due to loud statements. For me personally, after such statements, such shows and various figures simply cease to exist and become uninteresting. You shouldn't pay attention to the opinion of people who have absolutely no basic understanding of Bitcoin.
sr. member
Activity: 798
Merit: 251
Small Trader
Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.
The bandits should have been arrested. Maybe if the bandits could be caught, there would be less hacking and scams. At least it can reduce the number of losses for newcomers to the crypto world. Is there a solution for these bandits?
jr. member
Activity: 307
Merit: 1
They have no further knowledge about how bitcoin works that is why they were able to conclude easily that bitcoin is scam even if it was being used only by hacker as a
way to get the payment from it's target.

This is one of disadvantages of bitcoin also as it can be use by anyone either you are a good person or a bad one. It is very unfortunate that bitcoin will be tagged as scam
even if it has nothing to do with the scammer or hacker.
member
Activity: 686
Merit: 35
Everyone is entitled to their opinion, can't blame ignorant people whenever they speak their mind, the problem with such people is they are misinformed and they can't spare a few minutes to do a research on their own, they read all the bad things written by some media outlet who are against btc.
legendary
Activity: 2282
Merit: 3014
Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.
The bandits should have been arrested. Maybe if the bandits could be caught, there would be less hacking and scams. At least it can reduce the number of losses for newcomers to the crypto world. Is there a solution for these bandits?

I don't know much about the the whole twitter hacking situation as of what been going on lately but I'm pretty sure at least one of the hackers associated with the hack was caught https://www.nytimes.com/2020/07/31/technology/twitter-hack-arrest.html
sr. member
Activity: 906
Merit: 263
Well, that sucks. I have only watched him a few times from Friday night live and I thought they were pretty reasonable and made sense. What he is saying about bitcoin surprises me. I thought he was an intelligent person who would support something like unregulated currency.

I still don't understand how people can call a form of payment a scam. That doesn't make sense.
sr. member
Activity: 1638
Merit: 300
It is true that most of these scammers and hackers are using bitcoin but they can't just say that a bitcoin scam is anything related to bitcoin. Anyway, a lot of people are against it because of how people portray it as a scam but it keeps moving forward even without them. So let them think what it is, they'll be left out.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
I really like such sayings, when someone says that bitcoin is a scam or that this is the most ordinary bubble, and then after a while he looks in amazement as bitcoin grows and continues to repeat that it is a scam, realizing that he missed an excellent opportunity. The reasons, as always, lie in ignorance.


Most individuals that call bitcoin a scam has less to no knowledge about the true nature of bitcoin or crypto. Because even if he just needs one hit in google, he's lazy to do it considering that he is a well-known media personality. Of course, crypto users like us know better about such accusation because it stemmed from ignorance. I am betting once he educated himself about crypto, he will change his viewpoint on crypto and eat his words.

Everything is correct. It is only worth adding that many media personalities, including those in the field of trading on classical markets or investing, deliberately call Bitcoin a scam, even when they have a good idea of what it is. Most often, their "adherents" do not really understand what bitcoin is and how it works, repeat their words like robots. Why go to Google and understand the nuances if there is a guy who knows it better than you. How typical.
People think that trading bitcoin and etc is a scam because they don't have any experience regarding to this and also they don't know how it works or how are we able to earn here in crypto world. Being judgmental is human nature admit it or not before we enter the crypto world we also have doubts and ifs but when we experience to earn here that is the time we realize that trading here in crypto world is not a scam.
sr. member
Activity: 310
Merit: 727
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Great then we can use you to scam you another time!
newbie
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Merit: 0
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hero member
Activity: 2282
Merit: 659
Looking for gigs
Just curious if anyone else caught A Late Show with Stephen Colbert a few days ago where he spoke about the twitter hack where the hacker requested payment in bitcoin. During the segment he calls bitcoin a scam.  A pretty uneducated statement that was unfortunate to see. Obviously it didn't have much of an impact on bitcoin, but still kinda noteworthy.



https://www.youtube.com/watch?v=F8DDvJkx07U
Jump forward to 3:24

One thing that I didn’t like about media is that they’re using the term “Bitcoin scam” in their headlines, especially here in the Philippines. Calling BTC a scam means he was just misinformed.

Google, Wikipedia and Youtube are our best friends right now. He just didn’t researched Bitcoin and cryptocurrencies by himself. I know that there’s some negative impact due to the execution of the largest Twitter hack where they’re asking for BTC deposits and ended up getting scammed.

People like Stephen Colbert should understand first about BTC’s real and positive use cases rather than getting fed up by the media and calling Bitcoin generally a scam.
legendary
Activity: 3052
Merit: 1281

Paid or not it doesnt matter because all of the words comes out into their mouth is BS. They should have at least some time even reading up the most basic information before tending to make or say up some words.

True that, sometimes I wonder what happens about responsible journalism.  It seems it is not applied there.


This isnt something new to bitcoin though yet its been like this when it comes to criticisms, misconception to those people who dont have much idea on what it is.

Well, sometimes anchor forgot that they are only human and does not know everything.  Once they hold the mic and the camera is rolling, they then pretend they knew everything and just utter things even though it is baseless.

It doesnt really give out any effect and you are right, this would rather just make some curiosity and for people who would really tend to research about it, would really realize the other way around.

Those the knew about Bitcoin, they will just laugh on that matter but those who are new and somehow skeptical to jump in, then those statements will justify their hesitants.
hero member
Activity: 2926
Merit: 722
It wasn't the first when bitcoin was called a scam or a ponzi scheme. Did it affect the industry? No.

So there's no need to explain it's effect as it's close to none, lol..

Stephen Colbert is not a crypto man, so he has no influence here, what he did is just he give curiosity to the people, the way he deliver his statement looks bad but if one is not lazy to make a research, for sure he will get the right answer and would know that bitcoin is legit.

Headline that is misleading is catchy all the time, so I don't trust these kind of people and they are all paid.

Paid or not it doesnt matter because all of the words comes out into their mouth is BS. They should have at least some time even reading up the most basic information before tending to make or say up some words.

This isnt something new to bitcoin though yet its been like this when it comes to criticisms, misconception to those people who dont have much idea on what it is.

It doesnt really give out any effect and you are right, this would rather just make some curiosity and for people who would really tend to research about it, would really realize the other way around.
member
Activity: 569
Merit: 88
Credibility: 999
I think I've seen some people who still call bitcoin a scam (knowing fully well that it isn't). These people don't want to say it because they don't want themselves believing in it. However, if you'd ask me; it's too late for anyone to stop bitcoin, so, we move!
hero member
Activity: 3052
Merit: 606
It wasn't the first when bitcoin was called a scam or a ponzi scheme. Did it affect the industry? No.

So there's no need to explain it's effect as it's close to none, lol..

Stephen Colbert is not a crypto man, so he has no influence here, what he did is just he give curiosity to the people, the way he deliver his statement looks bad but if one is not lazy to make a research, for sure he will get the right answer and would know that bitcoin is legit.

Headline that is misleading is catchy all the time, so I don't trust these kind of people and they are all paid.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
I really like such sayings, when someone says that bitcoin is a scam or that this is the most ordinary bubble, and then after a while he looks in amazement as bitcoin grows and continues to repeat that it is a scam, realizing that he missed an excellent opportunity. The reasons, as always, lie in ignorance.


Most individuals that call bitcoin a scam has less to no knowledge about the true nature of bitcoin or crypto. Because even if he just needs one hit in google, he's lazy to do it considering that he is a well-known media personality. Of course, crypto users like us know better about such accusation because it stemmed from ignorance. I am betting once he educated himself about crypto, he will change his viewpoint on crypto and eat his words.
jr. member
Activity: 147
Merit: 6
It wasn't the first when bitcoin was called a scam or a ponzi scheme. Did it affect the industry? No.
legendary
Activity: 2814
Merit: 1192
Funny thing, but in the beginning of the part about Bitcoin (3:34) he says "bitcoin scam is anything involving Bitcoin".
So, folks, remember this one. Stephen knows what he's talking about and he's is telling you that if you buy Bitcoin, hold Bitcoin, trade Bitcoin, pay someone with Bitcoin, it's all a Bitcoin scam...
hero member
Activity: 1484
Merit: 535
Well, you should understand that we live in a world where people are entitled to their personal opinions. Whether Bitcoin is a scam or not, the entire Bitcoin and cryptocurrency ecosystem do not care what Stephen  Colbert thinks about Bitcoin.  Bitcoin has been around a decade now, and he is now seeing that Bitcoin is a scam? Why do people give a F**k what Stephen Colbert thinks about Bitcoin ? Bitcoin is beyond this scam issues.
sr. member
Activity: 1876
Merit: 318
Lots of people like Stephen Colbert don't really have knowledge of Bitcoin, so if there is a scams incident that involves
Bitcoin then automatically Bitcoin must be scams. But it is strange not to apply to Fiat, and therefore must be more and
more promotions regarding Bitcoin. So many people can be educated and no longer say Bitcoin is a scams.
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