Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all. 
Well, my answer to this sir should be: "Contemporary art market". Just that. 
Topic: Bitcoin is creating money out of thin air - page 8. (Read 1532 times)
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
That is so wrong. How can it come out of thin air? People are investing and the investment grows into something bigger. Bitcoin is the new gold. We use money to get more money. In this case we investment to get coins.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
And how is fiat any different?
You believe the legal tender in your wallet is real money... Both fiat and btc are based off of perception and trust. Neither is a scam. Toss that word out you infant.
Its anything but a scam. Same thing with fiat which makes a useless paper worth a lot. That's usually what scared bankers call bitcoin to make people believe it's not worth anything where in fact, it's the same concept that runs paper money
After 100 years in world economy, Gold is $1350/ounce only
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
He's wrong. Bitcoin is created out of hot air (of ventillators of proof of waste machines).
Its anything but a scam. Same thing with fiat which makes a useless paper worth a lot. That's usually what scared bankers call bitcoin to make people believe it's not worth anything where in fact, it's the same concept that runs paper money
It seems like money from thin air. That people can buy so cheap as a few pence and then years later they can sell for even 20k. That is quite a miracle where all that money has come from.
Bitcoin $1 to $100 in 7 years looks OK.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
He's wrong. Bitcoin is created out of hot air (of ventillators of proof of waste machines).
It seems like money from thin air. That people can buy so cheap as a few pence and then years later they can sell for even 20k. That is quite a miracle where all that money has come from.
I think value is being created by being a means of payment or as a storage of value.
Bitcoin's value is dictated by people's perception. Same as fiat money.
Bitcoin's value is dictated by people's perception. Same as fiat money.
Billionaire "Warren Buffet" said "Bitcoin will end up badly"
I think value is being created by being a means of payment or as a storage of value.
Bitcoin's value is dictated by people's perception. Same as fiat money.
Bitcoin's value is dictated by people's perception. Same as fiat money.
Although Bitcoin may not be issued by a particular agency, it also requires computers to be generated after a large number of calculations according to a particular algorithm and also need to be paid.
Bitcoin $1 to $1000 in 7 years. THAT'S NOT MONEY FROM THIN AIR ??
Bitcoin is digital currency but that doesn't mean it's not real.
Although Bitcoin may not be issued by a particular agency, it also requires computers to be generated after a large number of calculations according to a particular algorithm and also need to be paid.
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. Actually there is some truth in that expression. At least it never ceases to amaze me the easy wayin which it is enough for a group of supposed developers to announce a new hard fork so that overnight that new altcoin is worth millions of dollars. Of course this is absolutely insane, and is a clear sign that the technology that supports a cryptocurrency is no longer the most valuable thing to consider, because any shitcoin can generate a lot of money by pure speculation.
Bitcoin $1 to $1000 in 7 years. This month I got $20 from online surveys (that is $4/hour work).
Bitcoin will shut down all the businesses and end world economy with gambling money
The Finance Minister of India has openly refuted the acceptance of Bitcoin as legal tender in India.
http://www.zeebiz.com/india
http://www.zeebiz.com/india
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
those who call bitcoin are scams because they do not understand with bitcoin. at this time already many people who believe with bitcoin because they have earned money from bitcoin. people who are new to bitcoin and have not earned money from bitcoin then they have a sense of doubt with bitcoin so they say bitcoin is a scam.
Ex-RBI chairman said "Bitcoin is creating money out of thin air". It is biggest scam of all.
Actually there is some truth in that expression. At least it never ceases to amaze me the easy wayin which it is enough for a group of supposed developers to announce a new hard fork so that overnight that new altcoin is worth millions of dollars. Of course this is absolutely insane, and is a clear sign that the technology that supports a cryptocurrency is no longer the most valuable thing to consider, because any shitcoin can generate a lot of money by pure speculation. 
Well, it’s creating solutions for many problems, out of thin air also.
Then you have the Pow process, that is resource intensive and costs money.
While as my little kids can draw a 100$ bill on a piece of paper, and call it money.
Then you have the Pow process, that is resource intensive and costs money.
While as my little kids can draw a 100$ bill on a piece of paper, and call it money.
No it is not. It uses algorithms to create bitcoins.
No, Bitcoin is creating coins out of thin air and we give the Bitcoin value with buying it.
Don't listen to those FUD people, because they want to you to believe that Bitcoin is worthless.
They are to greedy...or they don't know much about it.
Don't listen to those FUD people, because they want to you to believe that Bitcoin is worthless.
They are to greedy...or they don't know much about it.
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