Well he seems like a very well educated gentleman.... Not!
Maybe he would be kind enough to elaborate the practice of Fractional Reserve lending, and explain to us how a bank been able to lend out 9 times notional value of what is deposited is not actually creating money out of thin air? At least Bitcoin has proof of work and time and power spent by the miners in its creation.
Topic: Bitcoin is creating money out of thin air - page 5. (Read 1503 times)
It is incredible how the economy knowledge has been so distorted to the point we have to endure this, money was first created to facilitate the transactions between people, that is all, if gold was chosen over many cultures was not because it had some inherent value it was because it was the best tool for the job, but economists are making it seem as if bitcoin is bad simply because it has no backing, as long as bitcoin has all the right characteristics for the job then it is not a scam and it will be used by people as money because is the best currency currently available.
What is Bitcoin 800% profit every month for 9 years ??
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
If you thing that is made out of thin air then maybe try do it ?
Can you create out of thin air on your own ? NO ?
So its take time / energy and efford to do so.
Bitcoin is somehave energy backed and have fair distrybiution becouse of that.
It is actually funny how they think bitcoin or cryptocurrency in general is considered scam just because it is not backed by any government and no intermediary. When the reason why money existed is for people to establish a value and convenient for people to exchange goods and services. We the market, the people, create value out of thin air. We create our own demand, but sadly because of politics, big corporations or capitalism in general, we have become puppets of the economy. And now that crypto is born, people tell its scam because it gives people financial freedom?? That is hilarious and down straight ill information
It is incredible how the economy knowledge has been so distorted to the point we have to endure this, money was first created to facilitate the transactions between people, that is all, if gold was chosen over many cultures was not because it had some inherent value it was because it was the best tool for the job, but economists are making it seem as if bitcoin is bad simply because it has no backing, as long as bitcoin has all the right characteristics for the job then it is not a scam and it will be used by people as money because is the best currency currently available. Professionals recommend using projects that offer a low level of profit - about 3%.
3% profit every month would be HYIP/ponzi.
Bitcoin has gone up 100,000% in 9 years. That is 800% profit every month
The principle of earning is to place Bitcoins on third-party resources that offer a high percentage. Most newcomers invest in high-yield projects and most often remain in the losers. Professionals recommend using projects that offer a low level of profit - about 3%. It's easy to calculate how to get 1 Bitcoin for free in such a project. Although, it is very difficult to do this. It is necessary to invest in it about 30-40 Bitcoins. It is recommended that you use resources that have recently worked in the market. Moreover, the funds received should be immediately displayed.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
He may be right that bitcoin is creating money out of thin air.
If there is no value, why so many people accept bitcoin, and the price is still high.
Gold is valuable because people around the world recognize it, so gold is valuable.
It is reasonable to exist.
i cant billive what is this man thinking about he's 8000 bitcoin if thats true its very hard for him to withraw that anormous amount off money in one time im suure that government will surely freeze that money aand question him until he got problem. if i were on him i will put it in a cold storage wallet and slowly withdraw it until i withdraw it all.
If true, why will people buy Bitcoin ?? That man has $100,000,000 of Bitcoins.
Vitalik Buterin also said "“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet"
https://www.rt.com/business
I think Gold and Silver are traditional assets
https://www.rt.com/business
I think Gold and Silver are traditional assets
Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.
Man selling 8000 Bitcoins
https://bitcointalksearch.org/topic/i-have-around-8000-btcbut-my-country-are-too-small-cap-to-cash-out-2698402
i cant billive what is this man thinking about he's 8000 bitcoin if thats true its very hard for him to withraw that anormous amount off money in one time im suure that government will surely freeze that money aand question him until he got problem. if i were on him i will put it in a cold storage wallet and slowly withdraw it until i withdraw it all.
Bitcoin is part of the Cryptocurrency system which is based on the Blockchain Technology and it is not creating money out of thin air. It is the electronic money you have on the internet and you can get this money whenever you want because it is entitled under your ownership. You can have electronic wallets that only you can access thru Private Keys and other security measures that is hard to hack.
Bitcoin price has gone up 100,000 times in 8 years
Bitcoin is part of the Cryptocurrency system which is based on the Blockchain Technology and it is not creating money out of thin air. It is the electronic money you have on the internet and you can get this money whenever you want because it is entitled under your ownership. You can have electronic wallets that only you can access thru Private Keys and other security measures that is hard to hack.
Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.
Man selling 8000 Bitcoins
https://bitcointalksearch.org/topic/i-have-around-8000-btcbut-my-country-are-too-small-cap-to-cash-out-2698402
Well, I would not say that from the air, you can get generosity in bounty companies if you follow all the points and wait for your tokens.
This is a digital currency that can be withdrawn as well as with bank cards withdrawing money, after withdrawal they are already material and then you can already touch them to feel that they are not from the air but real.
Maybe that is right. I am thinking the same way too. At that time I am not quite sure about what is Bitcoin and what is the purpose when I first knew Bitcoin. But I do not worry anymore and do not care anymore because all I think about is the profit I can get from Bitcoin. I am always wondering and questioning about the Bitcoin system. Who create Bitcoin, how create the Bitcoin and what is the purpose of the maker. I begin questioning a lot of questions like that when I first knew Bitcoin. But now I think I do not care anymore at least until I get rich.Yes, every seconds that passed by the bitcoin creats money for you so all investment that you made in their company and management will be worthy and paid-off in future.
Bitcoin helps every individual in the whole world to earn income in easy way.
Bitcoin helps every individual in the whole world to earn income in easy way.
Yes, you are right. Bitcoin create money in just a glance if we do the right way and right decision making in investing. Earn income more than what we think it doubled, doubled or more. It is a futuristic way to help every body's financial problem.
Unfortunately there are people who think so and don't want to accept cryptocurrency as something valuble. Right now it's a new century, of technology and it's clear there are people who aren't keeping up with the progress.
If Bitcoin is to be used as currency/payments then 1 Bitcoin = $100 is the right price. Not any more..
Bitcoin has become a hub for criminals and this could supply money for war. $50 billion can do wonders with weapons and guns
This is a digital currency that can be withdrawn as well as with bank cards withdrawing money, after withdrawal they are already material and then you can already touch them to feel that they are not from the air but real.
Actually, Bitcoin is money created out of thick air. Fiat is created out of thin air. Why? Because there are loads of people involved in the creation of the programming necessary for Bitcoin. But fiat increases are dictated by a relatively small number of people in the Federal Reserve Bank.
Unfortunately there are people who think so and don't want to accept cryptocurrency as something valuble. Right now it's a new century, of technology and it's clear there are people who aren't keeping up with the progress.
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