Topic: Bitcoin could be a scam ? (Read 240 times)
It is impossible for Bitcoin to be a scam Do you think that a fraud can continue for all this long, frankly, since I entered the world of cryptography and the world of Bitcoin, or do I ever think that this currency is a fraud and I do not think that Satoshi Nakamoto can retrieve all Bitcoins and if it happened This will see huge losses for people all over the world I see that this matter will never happen, and we will witness a great rise in currency prices, and Bitcoin will be very popular in the future. And I think you should get away from this, my friend
I have gone through your post history and what I saw are series of posts about scam projects, asking if one or two projects are scam one. Would have advise you to create your own scam project also. This is not the way of going forward at OP, you have been in this forum for almost a year and nothing signifies learning appear in your DNA.
do you think bitcoin developper satoshi can decide to scam peoples and create more supply then sell everything and dump the price to zero?
If that is possible then Satoshi would have done that long time ago, the bitcoin network is a decentralised platform for users to community to decide just like DAO projects that community decides on the development progress. He himself cant do that unless asked from the holders.
Satoshi the person who created bitcoin and blockchain technology has disappeared a long time ago, so he can't possibly to scam other people's money and he can't control bitcoin even he created it. It is impossible for us to get scam by just buying or investing our money in bitcoin, as long you don't go in fake bitcoin exchanges and bitcoin ICO scams.
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
No, the math behind bitcoin show how it's fair... If people had any doubt about it, the it would be impossible to see it at the current price.
But some coins based on bitcoin ends in scam, and this was because they was centralized coins, that was the real vulnerability. And will be impossible to see that on bitcoin.
Satoshi doesn't own your Bitcoins so he can't 'scam' you.
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
After being in this forum for more than a year now, you suddenly now want to question the authenticity of Bitcoin and its creator.
What an amazing way to make everyone here realize What a fool you are?
If you still have doubts leave this forum and please stop spamming this board by creating shit topics.
Bitcoin is not a scam, and nor is Satoshi. Scam comes in when people use such thing to take advantage of others. It's the people the causes scam. Not Bitcoin itself.
Everything is transparent in the Bitcoin world, including which address stores how many coins. So the event of Satoshi (if he is still alive) suddenly creates more coins without following consensus rules is impossible.
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
and create more supply then sell everything and dump the price to zero ?
All the protocol code is open course, so anyone can read it. There could be a intentional hidden inflationary bug or unintentional inflationary bug. But those bugs have to be hidden well since no one noticed them for so long. Guy that will found it could decide to fix it or could decide to abuse it. More time that passes and more eyes checks code, lees chances are there for such bug to exist.
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developer satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero?
Do you realize how many years Bitcoin has been created? How many years this coin has developed and also spread in the market? It is very funny to think about BTC scam. However, I really appreciate your thought or question. do u think bitcoin could be a scam ? do you think bitcoin developer satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero?
But personally, I will answer " never". Although Satoshi creates more BTC (it will never happen), the price will not dump to zero. Who will make their creation going to have no value after years?
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
Maybe you are over speculating the market and for Bitcoin, and to the one who created this. It is multiple times we said that Bitcoin is not a scam nor the creator Satoshi wants to scam people (as what you've badly thought). Because if that so, why this forum is still alive for more than a decade and why we are still here, for a number of forum members? do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
It was very unfortunate that people used the name Bitcoin to scam people and that it makes ruin the market image and those who never know about crypto, about Bitcoin will surely think negative and scam thing. But they wrong, absolutely wrong.
what if one day bitcoin crashes? the world will be in chaos lol
Well it could crash just like stock markets too do it. If all int world decides to sell then yes it can crash and become 0 in value because there are no buyers, or each government decides to ban it and not to use then it could become worthless else till the time there are buyers you will have the value of bitcoin. Only thing the price will be uncertain to what level it can rise and fall.
what if one day bitcoin crashes? the world will be in chaos lol
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
You mean after ten years you still that thinking or suspicion that Bitcoin and Satoshi Nakamoto scam people, how is he going to do that when his shares are not moving for over ten years now, and he is nowhere to be found and besides the code he created is open-sourced, any developers or coders can check it and so far there is no such thing like that if he is going to do that he could have done that long ago.
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I am agreed with jackg. Since satoshi has only 5% BTC of total supply, He can not dump it to 0. But if this will happen in th future people will lose their trust in BITCOIN/cryptocurrency. And the market will face a huge bearish day. Actually anything can happen in the future we can not guaranty.
BTW I think this topic is not perfect for this beginner and help section. Maybe in speculation is the better section.
BTW I think this topic is not perfect for this beginner and help section. Maybe in speculation is the better section.
the definition of scam:
From Cambridge.org definition of SCAM is "an illegal plan for making money, especially one that involves tricking people"
From Dictionary.com definition of scam is a confidence game or other fraudulent scheme, especially for making a quick profit.
Now I want to ask you, did Bitcoin do that?
So far, why i never say if Bitcoin is a scam because Bitcoin never asking you a money, you will never find any investment promising in bitcoin white paper. But, the main idea of bitcoin is to become a P2P electronic cash. So if you mining it, you get a coin. This coin can be used as payment to people who accept it. Nowaday, community change bitcoin not just a P2P electronic cash but also as digital asset, this is happen because of community believe in Bitcoin. So, from this is very clear Bitcoin as investment not because satoshi want it, but community support. when people support something, that will have a value. Example gold, diamond or other this is just a ordinary stone if people not support it. your goods will just a goods if people not support it.
do you will asking "gold as a scam in the future"?
From Cambridge.org definition of SCAM is "an illegal plan for making money, especially one that involves tricking people"
From Dictionary.com definition of scam is a confidence game or other fraudulent scheme, especially for making a quick profit.
Now I want to ask you, did Bitcoin do that?
So far, why i never say if Bitcoin is a scam because Bitcoin never asking you a money, you will never find any investment promising in bitcoin white paper. But, the main idea of bitcoin is to become a P2P electronic cash. So if you mining it, you get a coin. This coin can be used as payment to people who accept it. Nowaday, community change bitcoin not just a P2P electronic cash but also as digital asset, this is happen because of community believe in Bitcoin. So, from this is very clear Bitcoin as investment not because satoshi want it, but community support. when people support something, that will have a value. Example gold, diamond or other this is just a ordinary stone if people not support it. your goods will just a goods if people not support it.
do you will asking "gold as a scam in the future"?
Hi guys
do u think bitcoin could be a scam ?
No, otherwise bitcoin has already dump a long time ago when big holders sold their holdings. do u think bitcoin could be a scam ?
They are still holding it until now because they believe in bitcoin.
do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
and create more supply then sell everything and dump the price to zero ?
I don't think it's possible, experts please correct me if I'm wrong.
This is my simple analysis, if he can increase the supply, then I don't think people with knowledge on blockchain and programming will risk their money on bitcoin.
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
After being in this forum for more than a year now, you suddenly now want to question the authenticity of Bitcoin and its creator.
What an amazing way to make everyone here realize What a fool you are?
If you still have doubts leave this forum and please stop spamming this board by creating shit topics.
You have been here on the forum and now you are still asking about the bitcoin is just a scam?. Bitcoin is a decentralized coin if you are talking about scams I think those are the projects using the name of the bitcoin to scam other people by this the image of the bitcoin becomes more ridiculus because of that platform
And i think OP come up with this topic because the already platform he used before is a scam.
Bitcoin and Satoshi is not scam/scammer, but you're the real scammer since promoting ponzi scheme project https://loyce.club/archive/posts/5499/54996249.html
And i think OP come up with this topic because the already platform he used before is a scam.
Hi guys
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
do u think bitcoin could be a scam ? do you think bitcoin developper satoshi can decide to scam peoples
and create more supply then sell everything and dump the price to zero ?
The highest number of Bitcoin is limited to just under 21 million Bitcoin. The maximum amount is specified in the Bitcoin code. Changing them requires broad network consensus. Bitcoin is therefore a finite resource. And Satoshi no longer has any influence on the network.
If it was scam, do you think Bitcoin would have lasted 10 years?
Do you think Satoshi wouldn't have at least moved some of his ~980,000 bitcoins the last 10 years? Not even in late 2017 when bitcoin almost touched $20K, and he was ranked among the top 50 richest people in the world with Bitcoins worth $19.4 billion?
Do you think Satoshi wouldn't have at least moved some of his ~980,000 bitcoins the last 10 years? Not even in late 2017 when bitcoin almost touched $20K, and he was ranked among the top 50 richest people in the world with Bitcoins worth $19.4 billion?
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