Bitcoin Has Never Been A Scam. - page 4.

AnonBitCoiner

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Quote from: angrybirdy on May 30, 2024, 07:47:16 PM

well said, I'm not sure if until now others still think of bitcoin as a scam, but now more people are interested in trading and investing in crypto, especially since bitcoin has proven its financial stability in the past years, Maybe it's better to educate others when it comes to this matter because there are a few people who thinks negative when they hear the word bitcoin, because the word scam, pyramid scheme, deepweb and other illegal things related to money are attached to it and investment.

Bitcoin is not a scam but those who failed to get profit from Bitcoin will definitely hide their fault and will put all blame on Bitcoin. Actually they are the one who does not possess the ability to accept their fault and are not trying to stop making the same mistakes again.

It is human nature that if they get profit from anything then they often admire that thing even if it is a scam but if they fail to make money from anything then according to their thoughts that thing is a scam. We can just give advice and suggestions to others but cannot change their mind as thoughts of everyone is different from one another.

bettercrypto

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From the very beginning of Bitcoin, it has become transparent to everyone, and Bitcoin has not hidden anything; in fact, for more than a decade, we will still see those who started transactions in Bitcoin via the blockchain network that it has until now.

And apart from that, it also saw potential in its other features, which is that it has a decentralized-based system that no one can control, and Bitcoin has upheld that, where even if you are the strongest country, it can't be controlled, and Bitcoin really proved that, so it's not really a scam, but bitcoin is just used as a tool to scam people, so it's different from being a scammer, because if someone is scammed, it means there is a scammer and is not human instead, digital currency.

seoincorporation

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Quote from: Mophymac on May 31, 2024, 06:45:26 AM

(2) Many companies around the world have started accepting Bitcoin as a form of payment. Some companies like Microsoft, , Shopify, and Tesla and some many of them. These companies allow customers to use Bitcoin to purchase goods and services, improving the growth and acceptance of cryptocurrency in the business world.

Tesla does not accept Bitcoin until miners work with clean energy...

Source: https://www.aol.com/elon-musk-says-tesla-accept-102039504.html "Elon Musk says Tesla will accept Bitcoin payments again once miners use 50% clean energy"

Shopify accepts Bitcoin but not as an internal service, they use a third party for that purpose, one of them is Strike and other one is Crypto dot com.

Quote from: Mophymac on May 31, 2024, 07:04:43 AM

(4)..Some countries like United State, Canada, Japan and some European countries uses Bitcoin as a mode of payment.

Thos countries don't see bitcoin as money, they see it as a digital asset, and the problem with that comes when we talk about taxes, a good example of a country that see Bitcoin as money is El Salvador.

Marvell1

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Quote from: Cookdata on May 31, 2024, 09:44:23 AM

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.

Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.

Ignorance and unwillingness to learn new things are the main reasons why many people still mistakenly believe bitcoin is a scam, not necessarily all because of the government. Because if governments are still hostile to bitcoin, still want people to stay away from bitcoin, then we won't see bitcoin ETFs approved or more governments making it legal.

In my country, bitcoin is not yet legal but it is not banned, we can still freely use it according to our preferences. But many people around me still think that bitcoin is a scam, that's because they hear scam stories from ponzi projects that use bitcoin as a payment method. If they take the time to learn, they will realize that the creators of those projects are all scammers, bitcoin itself is just one of many assets that they use to commit fraud. IMO, ignorance is the leading cause of these misunderstandings.

Solosanz

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Even there are many scams related to Bitcoin, but Bitcoin isn't the one who cause it. All the scams caused by the scammers itself, it could the person, the exchange or the project.

Too bad that many medias always mention "Bitcoin" when they create an article about scam, but when the scammer use US Dollar, the medias only mention the amount or didn't at all. This is the reason why many Average Joe have a thought Bitcoin is used by criminal, fraudster etc.

Aanuoluwatofunmi

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Quote from: snerd on May 30, 2024, 02:01:44 PM

The blockchain is the most stable, secure, and transparent ledger in existence. It’s the scumbag thieves who interact with it who are the scams and frauds.

The fraud that is existing with the use of fiat financial system is more severe than that of the one found in bitcoin, yet they have nothing to do about the way people loot finances in local currencies but have to concentrate on bitcoin, scam is what we should understand to be everywhere, because people can engage the use of any illegal means to make sure they acquire financial wealth, but with the use of bitcoin and the open distributed ledger, bitcoin should be seen as a more trusted digital currency.

Cookdata

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Only ignorance person would think Bitcoin as a scam but I don't blame people that accept all these false narrative about Bitcoin, the society and the government has programmed their mind to believe their own conventional markets where you use fiats for the rest of their life but the smart ones always have a way they do broke out of the system to embrace Bitcoin, if only the government can actually allow Bitcoin to be thought voluntary, all these false narrative will die under a year and more people would love Bitcoin even more but government doesn't want that to happen.

Bitcoin has evolved from dark stages to mainstream with institutional investors flocking around to have 1 btc to their vaults yet some people is somewhere calling Bitcoin a scam, only a person that is still in the 80s that has not heard anything about industrialization would behave like that, Bitcoin is here to stay and wouldn't back down again.

wahyuagung26

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Quote from: SATWAT on May 30, 2024, 03:26:04 PM

Developed countries are happy to have things like these because they think about their peoples and better things for improving their life, which is not favorable in our third world.

Most of the developed countries provide perfect permission to maintain Bitcoin, so that some of them can interact with Bitcoin very profitably, and this is good for them and also certain countries, we have a unique insight into Bitcoin for the community for these countries. those countries and this really helps them with those Bitcoins.

Blitzboy

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Bitcoin has never been a scam, and anyone who argues otherwise is either ignorant or selling something. Blockchain technology makes Bitcoin transparent and secure. Bitcoin is finance's future. Its a novel way to move value internationally without government or bank interference. Its value cant be increased by reckless politicians. It empowers people and businesses worldwide.

Some bad actors have sought to use Bitcoin for evil, but thats true of any technology. Bitcoin is a powerful instrument that can be used for good or evil, so we must use it responsibly.

dzungmobile

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Bitcoin was launched with its genesis block in 2009 and back in that year, it has no price for trading. Satoshi Nakamoto did not create Bitcoin and sell it to anyone.

How is it called as a scam at start and early months?

There are scammers use the word Bitcoin or Bitcoin pizza story to launch their scam projects but Bitcoin is not scam coin.

Scam projects and coin die, Bitcoin is not scam and it is here to stay.

Kelvinid

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Bitcoin is not a scam but unfortunately, scammers make use of the name Bitcoin as a tool for scamming.
So many people misunderstood it and we can't blame them either because of lack of proper education and some influence also from those who become a victim of scam through the name Bitcoin.

And I could say that no matter how reliable is Bitcoin to us but it has no escape from negativities spread around. And it was hard to convince people who already have negative in mind. That is why I don't encourage someone to invest here if doubts are in their mind, this is not meant for them.

Baki202

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Quote from: GideonGono on May 30, 2024, 06:11:01 PM

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

From the past years people know that bitcoin is not a scam and bitcoin have helped people a lot of people finically and the same time people have take advantage of its privacy to want to scam people but we know bitcoin is not scam and their is assurance that if you are scammed if you can get to the authorities they will know exactly what to do in such cases. People also use other currencies to also scam people so it is not only bitcoin. Since people started doing awareness people started understanding bitcoin because a lot of people did not even know what bitcoin was all about and all the idea they had was that if they invest the next they will lose their money all this was because they didn’t understand the concept of the investment but now people are more enlightened about bitcoins compared to then. And if they listen to fiancé news they would have made encounter with news about bitcoin is that scam then no. Everything is based on informations, not just deciding that an investment is scam.

khalidkhan82118

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

How do you think this increased acceptance will impact Bitcoin's use in everyday transactions? Also, are there specific examples of companies successfully integrating Bitcoin into their systems?

Mophymac

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Quote from: seoincorporation on May 30, 2024, 04:21:07 PM

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.

As you mention, the transactions are public information but what makes people trust bitcoin is the fact that it's an open-source project. We can trust in the source code and we know it will not have a weird move in the future that could affect the users.

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

What financial stability?

Which companies are happy?

What legal rights?

In what country?

Lol, that last sentence from OP makes my brain melt Grin

(4)..Some countries like United State, Canada, Japan and some European countries uses Bitcoin as a mode of payment.

Mophymac

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Quote from: seoincorporation on May 30, 2024, 04:21:07 PM

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.

As you mention, the transactions are public information but what makes people trust bitcoin is the fact that it's an open-source project. We can trust in the source code and we know it will not have a weird move in the future that could affect the users.

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

What financial stability?

Which companies are happy?

What legal rights?

In what country?

Lol, that last sentence from OP makes my brain melt Grin

(2) Many companies around the world have started accepting Bitcoin as a form of payment. Some companies like Microsoft, , Shopify, and Tesla and some many of them. These companies allow customers to use Bitcoin to purchase goods and services, improving the growth and acceptance of cryptocurrency in the business world.

fuguebtc

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Quote from: GideonGono on May 30, 2024, 06:11:01 PM

Yes, Bitcoin has never been a scam, it is just being used to scam people just like any other currency.
This is the biggest misconception of newbies or those who doesn't know anything about crypto currency, which is pulling them back from being an investor or using it.
I don't get it why people would assume that crypto or Bitcoin is a scam, when it is just being used as a currency or investment tool.
I am sure that there are way more scams being made in Fiat so does this also mean that Fiat is a scam, specially for those who believe that crypto or Bitcoin is a scam.

Scam stems from human behavior and greed, bitcoin or fiat currency is just one of the tools used by scammers to scam people. But the irony is that people like to blame bitcoin and crypto every time they get scammed, they never admit that it is their fault. They never admit that it was their stupid greed that made them fall into the scammers' trap, and they don't stop there, they continue to propagate that bitcoin is a scam and is the cause of their lost money. For that reason, many people who are not yet involved in cryptocurrency think that the cryptocurrency market is a scam.

There have even been conflicts among market insiders, with many blaming altcoin projects for being scams and giving bitcoin a bad reputation. It is true that there are many scam projects created and those who criticize altcoins are not completely wrong but not completely right either. Because if we all know how to restrain our greed and not participate in projects that promise high profits, who can scam us? We ourselves are also contributing to creating scam projects because we cannot control our greed.

Essential10

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Right now I personally don't think that Bitcoin can turn into a scam in the next 20-30 years. Since Bitcoin is unregulated, there is no chance of it becoming a scam very easily. Cryptocurrencies are alive and well in the future because of Bitcoin. Yet many have ultimately failed to control Bitcoin. People are showing interest now, I think Bitcoin is just the beginning of a new journey, there is a lot more to see.

Kristiyana

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Quote from: MiF on May 31, 2024, 04:15:50 AM

Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Bitcoin can never be a scam,it is the most trusted coin and it is decentralized,no one can control it so we will always feel safe using this kind of coin than any other coin from the government,it is safe because it is digital and no thief can get it from you if you place your private keys in a very safe place.

Obviously bitcoin is not a scam, bitcoin has proven to be the most reliable and also the most profiting coin in terms of crypto investment. bitcoin is also a good asset that can profit One in the future, of course bitcoin is decentralized which means no one has authority over bitcoin, it works on it's own even the government does not have control over it. However I think that's the reason why they are fighting to put and end to this digital currency, because the government always want everything to be under there control.

MiF

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Quote from: Mophymac on May 30, 2024, 11:43:47 AM

The transparency of Bitcoin transactions, due to the blockchain, ensures that all movements of the currency are unique and verifiable, reducing the risk of fraud in systems. Regulatory bodies and financial institutions are increasingly encouraging and merging Bitcoin into their systems, indicating how reliable and potential for legitimate use in the business .

Bitcoin is reliable for easy transaction, it is a system way of saving, it is transparent in trading.
Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.

Bitcoin can never be a scam,it is the most trusted coin and it is decentralized,no one can control it so we will always feel safe using this kind of coin than any other coin from the government,it is safe because it is digital and no thief can get it from you if you place your private keys in a very safe place.

CODE200

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Can you give an example of bitcoin system integration by regulatory bodies because I haven't heard of any of the recent memory, I know how awesome bitcoin is so I'm sure that there's some groups out there that would try to replicate if not integrate how bitcoin works but so far, I don't see how that can be the thing that's happening with all of this. I do agree though that bitcoin has never been a scam, I mean I've joined a bit too late to the real bitcoin gold rush so I'd know that I'm not in the wrong when I say that, the thing that weirds me out the most though is that people are still thinking that bitcoin is a scam or that it's just a way for someone to steal your money and a make believe thing, that's what fiat currency is, a make believe thing but the only difference with bitcoin is that no one has any control over it and there's no way to print more of it.

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