Topic: Bitcoin Exceptionalism: Why Should this Pyramid-Ponzi Not end Like all Others?? - page 2. (Read 291 times)

Are you talking about yourself? No, you do not need to answer the question, as it is a rhetorical question.


That's just because Bitcoin has nothing to do with those bubbles. If you can't see the technological revolution it represents, I don't need to waste a lot of time explaining it to you.

A bot created just to shit-post. Do you realize that nobody so far has even attempted to answer the question?

Why Should this Pyramid-Ponzi Not end Like all Others??

Lastly,CHIA is a scam-coin, I'm actually very gentle to BITCOIN, and far tougher on the CHIA-NET scam team.

So not only are you one-time creation bot, but you failed to even read what I have posted about chia, at the very least a clever-bot would have recognized positive or negative sentiment, which means that if your human, your just retarded. If your a bot, you your programmer is retarded.

"Only gold is money, all else is credit" JP Morgan

Bitcoin is a a magic number, like in the book movie "The little prince" there's an accountant that put a number on every star to prove ownership, and sells the stars. This is essentially bitcoin, a modern day 'tulip-mania', neither gold nor credit, just bullshit.

Your comparisons fail because FIAT is backed by GOV MURDER USD is Murder, Inc.

BTC is backed by bullshit.

L Ron Hubbard would embrace bitcoin, and all its cultists as his own people.

I said USDT, I suggest you go back & read, before you shit-post. I said BTC is backed by USDT ( shit-coin ), I said BTC is backed by nothing, which means it can evaporate to zero overnight.

I support Crypto, I just don't support the bitcoin narrative;  I don't support the Bitcoin bullshitters and con-artists and pumper&dumpers. I do support the pre-2014 Bitcoin crew.

I support privacy coins, and btc isn't private.

Today there are +10K shit-coins, and 100's of them are better than 2009 bitcoin shit-ware that came out of NSA. SHA256 & SECP256k1 the basis of the entire bitcoin infrastructure are both NSA creations.

The OP only post FUD for BTC  saying is NSA (USA)  backed but keeps praise chia(china coin), probably is just a bot or a troll, just take a look of his posts. 

I can now see why you have a difficulty accepting Bitcoin, because old farts that lived in the past, cannot comprehend what disruptive technologies like Bitcoin can bring to the world. Lotus 1-2-3 was a spreadsheet (it's strongest application in the suit) that ran on DOS and if you think back then, you would realize that it was actually one of the programs that spearheaded the great spreadsheets that we have out there at the moment.

So, let's see what happened... between 1980 and 1990 .. Lotus 1-2-3 was the go to software for most people who worked with spreadsheets and charts etc... but then came Windows with it's GUI and Lotus 1-2-3 had to adapt, but they did not.... IBM bought them and they went on offering different versions to about 2013. (  Not a bad history, in a IT era where Software and Apps last about 1 to 5 years, if they are relatively successful )

Now, take Bitcoin and see where they changed and adapted to the changing environment... SegWit / Sidechains / Lightning Network ... So, Bitcoin is not waiting for it's competition in Altcoins to disrupt or replace them, it is evolving.  

Also, I never said USDT is Fiat... I am using Fiat as a Comparison ... because if you do not support Crypto, then Fiat currencies are your only option.

Bitcoin do not need a cult to support it, the technology can stand on it's own... What it needs is people like myself .. to destroy the FUD and misinformation that are directed at it to sabotage it, by people like yourself.    - The wrong thing to do about any given circumstance or situation is to do nothing. - Hubbard 

LB Hubbard Bitcoin, ahh Bitcoin-Tology, the high priests have arrived

Thanks lotus 123 was first, where are they now, ever heard of them? probably not

BTC is a ponzi, and your cultish protection of the cult, and the church of bitcoin, doesn't change the fact that its going down

paper currency avg life is 45 years, btc is not a currency, and its paper-money is not a financial swindle orchestrated by common criminals, your argument is weak and un-informed

Like I said the famous bubbles in history, all went to the moon, and back many times before they reverted to zero, bitcoin bubble is following a historical pattern of prior hysterical bubbles

USDT is not fiat, R U a bot, because you repeat cannards like a bot

The latest Bitcointalk Troll continues with his foolish attempt to discredit Bitcoin, but it gives us an excellent opportunity to smash his theories and the FUD that he fabricates.  

He says :

1.) BTC is not unique
Answer : Oh yes it is, it was the first Crypto currency, from which all Alt coins was copied and nothing can change that.  
 
2.) BTC is easy to hack
Answer : Wow, Do your homework fool, It is backed by the most hashing power in the world... no other Alt coin comes close.

3.) BTC is fake pricing backed by USDT which is also backed by nothing
Answer : Fake? Look at Fiat currencies and how governments manipulate their value. Bitcoin is based on actual Supply and Demand.

4.) Once the selling starts, the 'price' will go to zero
Answer : Thats what they said in 2018 and guess what it was $18 000 back then and within a few years it shot up to $60 000  

5.) Just because something went on for 10+ years means nothing the history of financial swindles.
Answer : The average lifetime of a paper currencies is 40 years before it fails. Some currencies last longer, like The US Dollar and the Pound sterling.... So I guess Bitcoin is still going strong, compared to other currencies.  

https://en.wikipedia.org/wiki/List_of_Ponzi_schemes <== Strange, Bitcoin is not on this list. 

Let's end this discussion here guys... because we just giving this Troll exposure... to spread his garbage.  

PRIOR manias also went 10+ years, this means nothing

During the south-sea bubble, Sir Isacc Newton smartest man on earth told everybody "This is a scam", on the  second wave of south-sea bubble, Newton, feeling he had made a mistake went all-in, he lost his entire family fortune, and became a pauper.

No this time is NOT different, a scam bubble lasting more than 10 years is common, epsecially in fraudulent money scams backed by GOV like in France, the Missisippi Bubble where the kings money was backed by worthless paper stock. Primary reason the french monarchy imploded is that they allowed the 'stock swindlers' to operate the bank of france.

A ponzi just means those that got in early got rich. Check. A pyramid scam means those who got in early get rich

Scammers entering the highest level's of government to stop criminal indictment is common in these financial swindles, the thing is this is the first that SWEPT the earth, but it will not be the last.

1.) BTC is not unique
2.) BTC is easy to hack
3.) BTC is fake pricing backed by USDT which is also backed by nothing
4.) Once the selling starts, the 'price' will go to zero
5.) Just because something went on for 10+ years means nothing the history of financial swindles.

Long after all these bubbles imploded, 1,000's of people were murdered, executed and imprisoned. Only those who sold out early, and left their country's saved their arse.

By all the definition available anywhere, there is now no argument if Bitcoin can be another ponzi or not. Yes, the fact alone that it has been with us for the past 10 years or so can be a big tell-tale sign that it is here to stay and no ponzi will really be that "hot" for a long, long time. I don't think institutional money will get interested with something they know is just another fad and just another joke. In the past many years, nobody is hiding the fact that Bitcoin has been a very volatile asset - meaning it can go up and can also go down in a very dramatic fashion. When it is down, all we have to do is HODL and when it is up we have the option to let go and make good profits. Now, soon when BTC is up again covering a new ATH level, people who are fond of associating Bitcoin with being just another ponzi will be as cold as snow and as silent as the dead night.

BTC will never die, anymore than cabbage patch dolls have died ( or 'pet rocks') , there are always fools that will embrace the scam all the way back to zero, and HODL

Look at all ponzis in human history, all had their day in the sun, and then fell out of favor, this too shall pass.

Most campaigns these days and paid influencers on youtube, are trying to bring in 'green woke' suckers to the fold, the original base of losers has been played out.

Rebranding is the game today, BITCOIN is yesterday's crypto.

Last year 2k shitocoins, this year 10k shitcoins, there will probably be 100k shitcoins next year, but some will be 100x better than bitcoin, that's where smart people have moved, and only morons HODL;

...


Come on people given me some reasons. I have studied 'bubbles' my entire life, and NADA in human history has any bubble lasted over 10-20 years, and yes most had 2-3 cycles before they fell out of favor, south-sea bubble, and Mississippi bubble both went to the moon, and back before they finally fell back to earth like Icarus.

Today with 10K shitcoins, and most are far better than BTC, why in  the hell should this continue; $1 invested in shibu is 50k coins, much more likely it will go 10x than BTC, which can only now go down, as the COVID one-time funny money is not coming back.

The big companys and pension funds have seen BTC lose -50% in a few days, they can't gamble their pensioner money without going to jail, there is nobody, no greater fool on earth to buy bitcoin. It's almost game-over.