Topic: Bitcoin is creating money out of thin air - page 11. (Read 1499 times)
There are many people with completely apposite positions about Hitchin. And he is one of them. So you shouldn't be worried, just make your own research and decide what is your position by yourself
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
Like central banks? I don't think so. We have a 21million cap. Also miners not printing money, they buying/developing/manufacturing hardware, using their own electricity, processing transactions and keeping the network alive, then get paid for that. This guy obviously have little idea about how crypto working.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
Like central banks? I don't think so. We have a 21million cap. Also miners not printing money, they buying/developing/manufacturing hardware, using their own electricity, processing transactions and keeping the network alive, then get paid for that. This guy obviously have little idea about how crypto working.
I don't know who this is, why we're going to believe what he said, so many famous economists say the development of the currency is very good, will become the mainstream of future currency, no one is to promote
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
I'm surprised that many people actually believe in this. Many people think that Bitcoin is just a number in a computer which can be changed by anyone. What about governments who print more money every time they don't have enough of it to cover expenses? Why people are not against of online banking which in my opinion is less secure than Bitcoin because banks are responsible for the security of your money. If Bitcoin is money created out of air then fiats are too.
You need to giggle at these individuals, taking a stab at all that they can to put individuals off association with Bitcoin or other advanced monetary forms. Fragmentary save loaning is conceivably the greatest money related trick ever and enables banks to loan out 10 times what they take in from stores. They simply type numbers into a PC to change your adjust with an advance now that truly is cash out of nowhere.
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Bitcoin isn't creating money out of thin air, it is creating a store of value out of thin air, similar to how credit systems work. Bitcoins are produced, fiat currency exchanges hands in conjunction with bitcoin transactions, the amount of money in the world hasn't changed, the amount of value in the world has. Cryptocurrencies are a symbol of the future, physical items as a store of value are outdated, gold doesn't have $1,300 of usable value per ounce, and yet people still buy it as its value is recognised as $1,300/oz.
This is a real bullshit. that person has zero ideas about Bitcoin, Blockchain and the whole process, also, he seems has no interest learning It! Whatever, no cheap punk like him can change or stop the Bitcoin Revolution.
So where is Scam here? many economics say bitcoin is bubble and Gambling. who trust in bitcoin will win others will loss
Bitcoin $12,000 now Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
So where is Scam here?many economics say bitcoin is bubble and Gambling. who trust in bitcoin will win others will loss
maybe it's true that creating the money from the top is streaming down the air because the satellite above wiping the wifi signal so we got online so we bitcoin and earn money with bitcoin, and that's because it's a creation the smart person internet and computer where the bitcoin came from or created
That is the thing that all butt holes who don't know poo about bitcoin need to state. A greater amount of this poo is yet to come. The more famous bitcoin gets, more horse crap originates from individuals' mouth. Particularly from those individuals who are outstanding for being a corporate. In the event that they truly think bitcoin is a trick or an air pocket, at that point for what reason don't they give enough verification to substantiate themselves
Let this man express his thoughts about bitcoin. We all have our own perspective towards digital currencies and it is not new to us that while we enjoy the profit that we got from bitcoin, there are also these people backlashing bitcoin and the cryptoworld in general.
You have to laugh at these people, trying everything they can to put people off involvement with Bitcoin or other digital currencies. Fractional reserve lending is possibly the biggest financial scam of all time and allows banks to lend out 9 times what they take in from deposits. They just type numbers into a computer to change your balance with a loan now that really is money out of thin air.
wrong statement, I think he does not understand bitcoin well. maybe some senior can explain bitcoin to him.
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Its not creating money out of thin air. People are investing and putting money to it that is how it makes money. Now it has gain popularity, more people investing to it means more money.
I think bitcoin is double our money as a long-term investment and if we can buy bitcoin when the price is down, then imagine if the price is back increase and how much money we can make. and now, people investing their money in bitcoin because they want to make more money in the future and I am sure that they still do this even if the bitcoin price is too expensive for them. bitcoin is not creating money but bitcoin is helping us to make another money by investing.
Those who think bitcoin is a scammed are those who do not understand bitcoin very well because bitcoin is something created to let people enjoy financial freedom for themselves.
Its not creating money out of thin air. People are investing and putting money to it that is how it makes money. Now it has gain popularity, more people investing to it means more money.
No, Bitcoin is not generating money out of thin air, but generating money from a “proof of work” which is a mathematical algorithm.
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