Topic: Bitcoin is creating money out of thin air (Read 1499 times)
The stability of the system is based on the number of users who have an official client running. While their majority, Bitcoin does not threaten anything.
Before saying bitcoin is an air, people have to re-evaluate the true value of bitcoin, the advantages it gives investors. At present the world is accepting and using bitcoin, in the future bitcoin will prove the advantages that it brings.
He's an idiot not knowing the technology behind it. Man why are these people not researching enough before they make such bold statements like that.
Creating bitcoin out of thin air? its actually correct in someway because you can just actually wait and earn as the price of the currency rise up but it isnt actually just that way to earn bitcoin you actually need to cost some sweat for you to be successful in bitcoin you need to put some effort in mining and if your willing to invest you should perhaps it boost your chances its not creating money out of thin air its creating money through hardwork and passion just like any other jobs.
Hopefully that person assumes wrong and not yet know the bitcoin completely. Or maybe he just saw a lot of scam that is on bitcoin so think that way.
as you say, that people who do not know bitcoin any further, sometimes the person just concludes what he has heard in any respect, and does not see in terms of positive. Maybe he does not know what a bitcoin is so he can only say that bitcoin is a scam. If you understand how to find bitcoin. It will prove that bitcoin is not a scam.
Reserve Bank of India has instructed banks not to support Bitcoin transactions.
Maybe he does not know what a bitcoin is so he can only say that bitcoin is a scam. If you understand how to find bitcoin. It will prove that bitcoin is not a scam.
Hopefully that person assumes wrong and not yet know the bitcoin completely. Or maybe he just saw a lot of scam that is on bitcoin so think that way.
Bitcoin creates money with reality and bitcoin is completely without fraud because all transaction data can be viewed transparently in blockchain, and this is really real technological advancement and bitcoin is not inflationary like paper money.
They key is to have enough converted to fiat, land, and gold before the music stops. What's funny are the people who complain about the music.
Bitcoin is not generate money out of air . I think bitcoin is double our money . Somesay bitcoin is bubble and Gambling but i dont think so bitc oin is the best asset for our future its have no doubt if we save it and hodl it for long term.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
From somebody's point of view, it could also be true. To be fair with these people who are not yet deeply involved with Bitcoin, they must be wondering why the price is so high and yet there is really nothing valuable in a monetary way that each Bitcoin is representing. This was also my question before I came into Bitcoin and trusted it. But it seems to me that the value comes basically from the agreement among people, and eventually of the rising demand.
yeah im agree sir. that was too much scam on project right now, it was so rude i think
For me bitcoin as a great miracle for the crowd, therefore there is some description about it. This question is incorrect when you look at the bitcoin of the investment approach is money is pushed from the outside to bitcoin to increase its value and bitcoin does not create money. 
If they did it in a wrong manner or they did it in scamming other people then this is true but for me proven and tested that bitcoin is not scammed and I earn money in a good way and not by hurting other people.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
Bitcoin is a degital currency,not real money like that.monay can make people also them.bitcoin to doller then sell claim and got money.its price creating reason demand to it fair.it will go to back current higher price. 
Its strange that someone from the world of banking accusations about money being created out of thin air. Does he not know how FIAT currency and fractional reserve banking work? The banks have been creating money out of thin air for years in such a crazy and stupid system. The only reason why everyone doesn't know it exists is because no one could ever think our so called advanced financial system could run in such a corrupt and biased way. But it does.
yes bitcoin is making money from networks decentralised through mining if u take it as money it is money if u take it as currency it is currency it is how we treat
Bitcoin creating from proof of works.The price of bitcoin is very expensive due to huge demand for it. It is far from being a fraud. It is just becoming more of an asdet.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
if this is a fraud why many investors are continuing to invest and earn their investment profits and that is not a lie and it has been proven Jump to: