No, Bitcoin is generating money out of a “proof of work” math algorithm. See these math ... A lot of other answers have covered very well what happens during B
People are using their computing power to do those work and just because they can't be seen by the eye doesn't mean that money is being created out of thin air. 
Topic: Bitcoin is creating money out of thin air - page 6. (Read 1499 times)
Bitcoin is not made from thin air as well as the money invested in it. Bitcoin has value because it is widely accepted and people or market increases its value by investing money in bitcoin. It is not a scam just like what they say, rather as an investment ( which is more implemented than being a currency) where people invest money to it that make its price grow the way it is today.
Even a HYIP gets $50,000,0000. Those 10% after 10 days
No, Bitcoin is generating money out of a “proof of work” math algorithm. See these math ... A lot of other answers have covered very well what happens during B
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
I am not sure he understood bitcoin and how it evolved,people are investing money into it and so is the reason it has a valuation,if someone is ignorant even if he is a retired RBI chairman,if he does not know anything,he has to make sure he learns about it and then make a comment rather than going with the flow to create a sensational news. 
Technically hes not wrong because one minutes its not there, and the next it is. What they conveniently left out though is the process of which Bitcoins get created costs thousands and thousands of dollars meaning that currency is actually worth the electricity spent on it. Whereas the US dollar is backed by nothing, yet they have the audacity to ask "what is Bitcoin backed by"? Ridiculous 
Bitcoin is not made from thin air as well as the money invested in it. Bitcoin has value because it is widely accepted and people or market increases its value by investing money in bitcoin. It is not a scam just like what they say, rather as an investment ( which is more implemented than being a currency) where people invest money to it that make its price grow the way it is today.
wrong statement. Bitcoin is a digital currency and many of us using it.
I cant 100% say that it is created out of thin air but i have watched something that depicts where the btc money itself was created in japan and the limited of coins is what makes it expensive, there are only limited amount that the amount of every cryptocurrencies are very small compared to the total population of the world, it doesnt have a definite value and that makes it valuable when the supply is very few and yet the demand is very high.
Almost everyone who says this is just looking for attention and ends up retracting their statement later- I am sure this case will not be any different.
Actually, bitcoin is the reward miners get for solving a block, fiat is just press a button and print..so sad
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
That is exactly what fiat does right? The biggest difference is that the rate at which bitcoin is creating new money is slowing down, and it will eventually reach zero and no new coins are ever going to be created, but this is not the case with fiat, fiat generation is only going up as time goes on we only need to have a look at the US dollar supply to understand that.I think that the chairman is a little bit biased by telling that bitcoin is a scam. The growth of bitcoins is also depending on the supply and demand in the market and the value will only grow if there's a lot of people who are investing and makes the supply decrease.
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 really is! I also hold this opinion. This information is provided not just for that, but with further self-profit or with fear of increasing popularity and all the advantages of crypto currency.
It's not exactly out of thin air as it has to be mined which requires huge computing power and electricity but it has no physical form, which may be what he meant.
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
Well, not out of thin air! Very many people work hard and a lot! work out a strategy advise! I do not think it's easy
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.
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.
Of course many are getting rich, and they are not jealous. Many people are trying to think that it is not a good thing and it only brings misfortune. I do not think they will stop that, but I believe in Bitcoin because it helped me change my life.
That's funny, and it is becoming a kind of tradition. Every year there are someone who gives the same senseless speech.
Well, to those ones to believe BTC is based on air, I will say: “Ok, so, what is your opinion about Contemporary Art market? Do you know they can sell you the authorization (only a paper where you are allowed to do something, usually sing out by the “artist”) to put some rubble in your dining room, for the reasonable price of $1,000.000 dollars?”
Contemporary art market is thin air, indeed, it has become the best way to clean dirty money, I’m afraid!!! But everybody looks to the other way, for this is “art”. Nevertheless, how they love to say senseless but beautiful phrases like the one you posted about BTC market!!! We should just laugh!!! ;P
Well, to those ones to believe BTC is based on air, I will say: “Ok, so, what is your opinion about Contemporary Art market? Do you know they can sell you the authorization (only a paper where you are allowed to do something, usually sing out by the “artist”) to put some rubble in your dining room, for the reasonable price of $1,000.000 dollars?”
Contemporary art market is thin air, indeed, it has become the best way to clean dirty money, I’m afraid!!! But everybody looks to the other way, for this is “art”. Nevertheless, how they love to say senseless but beautiful phrases like the one you posted about BTC market!!! We should just laugh!!! ;P
He doesn't know what he is talking about.
Bitcoin is supported by the trust of holders, just like gold or fiat money. Gold and money would not worth anything if it was not given trust. Same thing with Bitcoin and other cryptocurrency.
Bitcoin is supported by the trust of holders, just like gold or fiat money. Gold and money would not worth anything if it was not given trust. Same thing with Bitcoin and other cryptocurrency.
Yeah maybe but that thin air has a high value. I know bitcoin is digital but it has value a lot of things that normally we don't really need has a really high price such as a t shirt signed by a celebrity. And we really focus on this that 100 dollar bill that you have doesnt actually cost a 100 dollars so why not bitcoin?
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