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.
Despite more people becoming more aware and interested in bitcoin, we cannot convince closed minded people. Until now when they see a small dip in price, they will immediately call bitcoin for what they think it is which is a scam. These kind of people are hopeless especially when there are lots of material out there that could teach them about crypto. If they are the ones who refuse to learn they will never do. 
Topic: Bitcoin Has Never Been A Scam. - page 5. (Read 854 times)
If you had asked me this question 5 years ago, I would have said that all governments would accept Bitcoin and Blockchain. However, now I have noticed that most of the corrupt governments of the world are adamantly against blockchain. Why? Because they are corrupt and against transparency. They can easily steal using their old system, and none of us can see this corruption.
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Re: Bitcoin Has Never Been A Scam.
Yes, Bitcoin itself isn't a scam, but it is a tool being used by scammers to scam people hence, they call it a scam.You know who these people are? Newbie investors who got scammed by scammers with the help of Bitcoin. Scammers used Bitcoin to scam these newbies, and since they're newbies, they don't know much about it hence, they are a perfect target for these scammers. They will scam them, and if they become successful, these newbies will blame both the scammers, and Bitcoin for their loss. Like fiat money, Bitcoin is just a tool that are being used by these bad people to scam other people especially newbies.
We can say things like blockchain, easy transaction, transparent, etc. but for a newbie, it doesn't matter to them because what matters to them is the money they lost, and how they lost it. They'll think it's Bitcoin that caused them to lose money that's why they will call it a scam. I know the amount of people who are calling it a scam decrease significantly already, but there are still who are calling it a scam, and we can't blame them especially if they had a bad experience with it.
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.
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.
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.
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.
People just need to educate themselves to understand better what they are thinking about the new market. Once they understood it, they will have better perspective of what crypto or bitcoin is all about. For sure, up until now, a lot of noncrypto users still think that bitcoin is being used mostly in fraudulent activities, hence, they have negative connotation on this market.
A person can gain more insights on this matter if he is just open to reading articles online, at least from reliable sites. This will give him better outlook on this technology, and how it can be of use to a regular individual. This is not a rocket science, so I would say, reading would be enough to gain information from this market.
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.
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.
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 has been faithfully surviving in the market for a long time, so far it has not been scammed. Nowadays everyone has done transparent transactions in Bitcoin, because it is the only coin that has existed for a long time without any scams. Bitcoin is legal in the country I live in. My government will never legalize it.
The government of the country knows that if it is legitimized and the government cannot hold them accountable if they fall victim to corruption, the people of the country are more likely to commit corruption. We have been secretly using Bitcoin a lot because we know the benefits of Bitcoin.
Those who still believes that bitcoin is a scam, then the only proof is what is the current price of bitcoin todat, bitcoin has proven itself multiple times and including of course the new ATH or all time high in bitcoin price, and many people for sure benefit from it but still there will still people that would spread bad news or fake news in order to pull bitcoin down, but with the current state of bitcoin, its too powerful that no fake news will make it fall, so trully bitcoin is not a scam its just too complex for everyone to understand and it is understandable, even I become hesitant with bitcoin at early stage but later on I started gatherinf info and try to risk and I can say that bitcoin is not a scam, rather it is an opportunity that you should not miss, so for those who still spreading bad humor or fake news about bitcoin, think again will you let this opportunity missed?
The level of transparency in addition to its decentralized nature is everything the government does not want. We all know the government can’t afford to spill everything into the public. They keep things private. Even some banks they have these fees you don’t know where they came from. So they hate bitcoin because they can no longer earn from being an intermediary between people.
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.
Blockchain technology which is the ID behind Bitcoin is one of the great discoveries where all transactions created cannot be obscured and hidden, in fact everything is publicly open and can be seen by many people even throughout the world. Those who think Bitcoin is a scam are just a group of people who feel their business is threatened by the existence of Bitcoin, this is like a heart disease for them, one of whom is Warren Buffet.
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 .
Sorry for being an ass, but I actually thought this was about you sharing out your own personal experience on why and what made you affirmed that bitcoin hasn't scammed anyone just yet? But that's quite different with what you did; This is just a repetition of the same old fact that we've known over and over again.I haven't heard and confirmed of any recorded case of a major rug pull on the bitcoin ecosystem. It's been over a decade and, nothing has changed pretty much. I sometimes got confronted by some curious minds with a bunch of alleged news about Bitcoin's fake existence. All i do is laugh at them!
People misunderstood the technology, and they feel Bitcoin is a scam. Which if they get to understand it, they would find out that it is the people who uses Bitcoin to scam others of their hard-earned money. Since a verified wallet can have accept huge sum of money in Bitcoin online fraudsters are using it as a means to embezzle and scam huge sum of money.
For this kind of thing, it goes back to some media that always gives bitcoin as something negative which ultimately changes the stigma for ordinary people that bitcoin is a tool to damage in the end without them looking further because the media always gives unfavorable statements in the news that occurs for bitcoin.In addition, the truth is that those who still say bitcoin as something bad happens because they are reluctant to find out more and only see the outside without wanting to know what it is like inside that makes bitcoin will be considered a scam even though they do not understand and do not know what bitcoin is and what the function of bitcoin is because they only think that because they dont know how bitcoin works but if in the end they have tried to be in bitcoin and learn well then I can guarantee that their views will change .
Bitcoin’s public blockchain technology is a new concept that not a lot of people fully understand. This is why they think bitcoin is a scam, they don’t know how to use bitcoin. They think bitcoin is nothing but a profit making scam and if they don’t get double their investment in a short amount if time then it’s useless. We just need to inform and educate more people about bitcoin and its features.
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. 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.
What financial stability?
Which companies are happy?
What legal rights?
In what country?
Lol, that last sentence from OP makes my brain melt
There are so many attributes we can classify with Bitcoin including it's better opportunities in the world of finance. With the introduction of Bitcoin, transparency has become a topic in the world of finance. What makes most of us like Bitcoin is because Bitcoin is not backed by the government or world bank, which means it's never affected by monetary policy and inflation rate.
The Bitcoin security was well designed by Satoshi. Allowing every validated transaction to be evenly broadcast on all nodes, which means everyone (node), sees the transaction and permits it. Distributing of transactions on the Bitcoin network has made it very difficult for attackers to penetrate.
Bitcoin is reliable for transactions, but sometimes it might be difficult due to congestion, but I think the LN got you covered if you know how to use it. A system of saving (investment) is a general practice even on Bitcointalk. We all accumulate Bitcoin in form of investment, some for long term, while others for short term.
I don't think companies are investing for the financial stability you mentioned which I find confusing, but I think that they are investing heavily due to what Bitcoin have to offer in the future, and that's massive profits for all investors.
The Bitcoin security was well designed by Satoshi. Allowing every validated transaction to be evenly broadcast on all nodes, which means everyone (node), sees the transaction and permits it. Distributing of transactions on the Bitcoin network has made it very difficult for attackers to penetrate.
Bitcoin is reliable for transactions, but sometimes it might be difficult due to congestion, but I think the LN got you covered if you know how to use it. A system of saving (investment) is a general practice even on Bitcointalk. We all accumulate Bitcoin in form of investment, some for long term, while others for short term.
I don't think companies are investing for the financial stability you mentioned which I find confusing, but I think that they are investing heavily due to what Bitcoin have to offer in the future, and that's massive profits for all investors.
People misunderstood the technology, and they feel Bitcoin is a scam. Which if they get to understand it, they would find out that it is the people who uses Bitcoin to scam others of their hard-earned money. Since a verified wallet can have accept huge sum of money in Bitcoin online fraudsters are using it as a means to embezzle and scam huge sum of money.
I think so many people are using Bitcoin for the wrong reason. Most are using it as a safety net to fight inflation and store value. While some are thinking investing in it would make them rich overnight. The reason for the existence of Bitcoin is written in the whitepaper it shouldn't be modified when it's not updated on the official website.
I think so many people are using Bitcoin for the wrong reason. Most are using it as a safety net to fight inflation and store value. While some are thinking investing in it would make them rich overnight. The reason for the existence of Bitcoin is written in the whitepaper it shouldn't be modified when it's not updated on the official website.
Actually, the basis that bitcoin is said to be a fraud occurs as a result of some irresponsible people with actions that try to make deception in order to make victims deposit or give their bitcoin and that is certainly the case but this is not the fault of bitcoin because in the end bitcoin is only an object or tool not as a fraudster because after all when someone is in a condition that is indeed in something profitable like bitcoin then there will certainly be ways to get more including dirty ways like this but once bitcoin is an object or tool not as the main role.
In addition, sometimes many beginners also try something that is not well thought out so that when they are in bitcoin because of some influencers or because of instinct and trade on their will they lose or invest but panic when the price of bitcoin weakens because of the correction that also makes bitcoin a scam but here the wrong thing is not bitcoin in the end because it happens because those who really hope for instant profit continue to exist but do not understand the risks that will be owned.
So it's quite funny to keep saying this as a scam when the wrong is us in the end who don't see the overall risk.
In addition, sometimes many beginners also try something that is not well thought out so that when they are in bitcoin because of some influencers or because of instinct and trade on their will they lose or invest but panic when the price of bitcoin weakens because of the correction that also makes bitcoin a scam but here the wrong thing is not bitcoin in the end because it happens because those who really hope for instant profit continue to exist but do not understand the risks that will be owned.
So it's quite funny to keep saying this as a scam when the wrong is us in the end who don't see the overall risk.
Indeed, we know the benefits of Bitcoin and how it can be used in mainstream to reduce corruption by making the transaction public about spending of government as it will give a clear-cut details of how the funds are utilizes but governments will never let this happen as they are corrupt and I am not sure if you are talking about one particular country because I don't see any signs of legalising it as they are hell bent on opposing it.
The benefits of bitcoin is located and sighted everywhere. The government do have a hand in it, they're in control of the system and will do everything within their capacity to ensure they're in full control of the activities related to the space. Bitcoin is ranked first when it comes to cryptocurrency, it's been in existence and have generated quite heavy traffic in the space. Bitcoin is no scam and it have been the major source of income in our space. 
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 .
They are not merging Bitcoin into their systems, they are emerging Blockchain technology into their system, because Blockchain is the one that keeps the record of all the transactions, not the BTC. So, saying that a country that has banned BTC and crypto does not mean they can't use blockchain technology. Our government has banned crypto but they initiated a project to implement blockchain technology in a bank you can find the news on Google. 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.
Nah, not every country or company is happy to use it, in countries where its not legal, so no legal rights, I was reading that out of 185 countries around 54 maybe have not allowed crypto (banned crypto). So considering the ban ratio with legal ones, I think these 54 or around it, are the dumb ones, they should really have accepted crypto otherwise they will be late in the race, and the later they will start the more late they will arrive at the destination. Due to its unique financial stability companies are happy to use it in the legitimate ecosystem due to its legal rights in the country.
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.
on which they are really that trying out to make use of Bitcoins main advantages like being anonymous and non reversible trait on which is why it would really be that commonly be connected with those frauds
because those scammers could really be able to get out without being traced. Well, even if we do tend to look on how its been that called or whatever it would be neither be a scam,.fraud thing,
but still it is really that standing strong despite of those issues or whatever things that been connected to it.
We are still on that adoption and recognition period on which only a few percentage of world population does know about Bitcoins existence. Sooner or later
when we are really that heading into that point that it would really be that recognized by all.
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