Bitcoin is creating money out of thin air - page 3.

MEMEX

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Quote from: First77 on January 10, 2018, 11:01:36 PM

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Angry

Currency is a means of payment or a medium of exchange which is mutually agreed upon by the community, although made of wood or stone. So as long as the community thinks bitcoin is valuable then bitcoin is valuable. Even regardless of the technology behind it though.

kache2018

newbie

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I do not understand why people say such a thing. Instead of making ridicule of what bitcoin does to people, why don't you shut your mouth and do your thing. You are not even helping. Just keep quiet and leave everything to bitcoin. This is not a scam.

KevinHD

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Quote from: First77 on January 10, 2018, 11:01:36 PM

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Angry

Well definitely, Bitcoin had been generalized to be a scam. But that's where most were wrong. Bitcoin is just a currency implied on our modern technology. Its just like the normal fiats. It grew its price base on the exchange on market, and therefore not a scam at all. It's just being used as a front.

AnnaGeraMsk

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an interesting fact who can answer who thinks that bitcoin is money from the air, When the company goes with the product on the exchange its capitalization is 100 bucks and then it went to the stock exchange and the price rose to 500 bucks, an increase of 5 times, like the company it went up by 400 bucks?)) Why do you think that the company selling the product does not make air from the demand

First77

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Quote from: lisasteca on April 20, 2018, 03:29:41 PM

I will never understand these bullshitter assertions. They criticize the btc as scam but do not see that even the fiat currencies are now only pieces of colored paper often without a real wealth behind.

Federal reserve USA will be the next to stop banks from working in anyway with Bitcoin when Donald Trump has personally taken up drug cartel issues from Mexico

lisasteca

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Quote from: First77 on January 10, 2018, 11:01:36 PM

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Angry

I will never understand these bullshitter assertions. They criticize the btc as scam but do not see that even the fiat currencies are now only pieces of colored paper often without a real wealth behind.

martirosyan666

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Bitcoin eventually gained popularity, people began to pay real money to buy bitcoy so they could conduct business with these sellers on the Internet. Bitcoin creates money from the air or not, it solves each individually

dancingnancy

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Quote from: First77 on January 10, 2018, 11:01:36 PM

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Angry

Ignorant. If he's not even sure about how blockchin works in general what's the point of creating statements. Surely he's knowledgeable about how money works he might just not agree with the fact that people will reduce their interests towatds banks and laymen will start trading on crypto.

brickafterbrickwalldpt

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I strongly disagree with this statement. Isn't printing fiat creating money from the air? They have no value at all, they are claimed to have value because central bank supports certain fiat. I don't think that there is any currency that is backed by real gold. Even the USA decided to get rid of gold parity few decades ago. They are simply taking advantage of people who don't know how money and Bitcoin work. They can easily persuade anyone that Bitcoin is just a few numbers on a couple computers. We could say the same about banking these days if we had to describe it like that.

Kopceak_MD

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Investment

As from the air? He creates out of electricity. That is, we buy electricity for $ 6000. Strange we are people) Grin

satecream

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that was funny statement for all i see, i think he don't research properly about bitcoin and i think he not read after all, bitcoin not made any money it supply are enough and not create any new btc again, and price are rising high because of the supply are low and many people are using it, that man is just a shame

First77

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Quote from: btcbrady on March 29, 2018, 02:14:06 PM

The Federal Reserve is creating money out of thin air. Bitcoin is rising in value because people see the use for it and the problems it is solving when compared to our Fiat currency.

You are using that money to buy Bitcoins

Spaffin

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Quote from: First77 on January 10, 2018, 11:01:36 PM

Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. Angry

Bitcoin itself does not create money, so this statement is not true. Bitcoin is just a form, a shell. To make it gain value, it needs to be pumped up with money. We buy bitcoin and thereby increase its cost. You can also ask another question: if we bought bitcoin for 20,000 dollars, then its course dropped significantly, where did the air go?

First77

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Reserve bank of India (RBI) has ordered Indian banks to stop supporting bitcoin transactions.

btcbrady

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The Federal Reserve is creating money out of thin air. Bitcoin is rising in value because people see the use for it and the problems it is solving when compared to our Fiat currency.

First77

member

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Bank-wire transfers are the oldest form of digital money/payments. Bitcoin no longer is a revolution which was "big talks" all over.

Bitcoin is failing in all the uses it was talked about (no tax etc../revolution). Now Bitcoin is just a speculative/super-hyip asset and it is no comparison to gold, silver, land, real estates etc..

Zeque02

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Platform for Cross Chain Fundraising

Quote from: Menawi12 on March 15, 2018, 06:33:52 PM

The dollar also made out of thin air. The Fed always print money as they like and they never audited. There is not a clear report about the amount of the circulation of dollars in the market and that triggered the economic crisis continued. On the other hand, bitcoin have a limited supply that nobody could control and bitcoin have transparency in transactions

Bitcoin can create money through investment and giving extra job to people. It is safe to invest bitcoin as long you keep with you your password. Its value is not stable but it increases which is a good point of view why its good to invest bitcoin.

Menawi12

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The dollar also made out of thin air. The Fed always print money as they like and they never audited. There is not a clear report about the amount of the circulation of dollars in the market and that triggered the economic crisis continued. On the other hand, bitcoin have a limited supply that nobody could control and bitcoin have transparency in transactions

boy130

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Lol, he says that bitcoin is creating money out of thin air, and yet fiat currency is made out of paper, and digital fiat made of binary code. In reality, currencies are given their value based on their utility, if people believe bitcoin has utility value, then its worth will increase. This principle worked for gold, grain, silk and cotton, and will continue to work for bitcoin and similar currencies.

rosepetals

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Quote from: SerioGiocatore on January 10, 2018, 11:59:52 PM

Bitcoin is digital currency but that doesn't mean it's not real.

Bitcoin is a currency that we cannot hold but its very valuable.High technology has come up with this new creation of currency that has already high value at the coin market capitalization.It is known as the strongest digital currency of all time because it is the pioneer coin that makes other coins exist. The concept of being decentralized has attracted more investors that made it so popular but as governments cannot take part of its growing community some treat bitcoin as a threat to the economy.It is real that were already seeing bitcoiners have change their life and became wealthy through their efforts and patience because early adoptors of bitcoin that hodl has earned high profit when the demands goes high.

Topic: Bitcoin is creating money out of thin air - page 3. (Read 1499 times)