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Topic: Bitcoin is for scammers, yea right! - page 12. (Read 14131 times)

hero member
Activity: 1834
Merit: 759
May 07, 2019, 02:21:48 AM
#3
So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.  Wink

Most reasonable people would agree. Calling them out this way, however, is a logical fallacy called Appeal to Hypocrisy, which ultimately leads nowhere.

I feel like it's more important to highlight that crypto is, and can be used for so much more. Majority of people who believe that Bitcoin is only used for scams, or even that Bitcoin itself is a scam, only know of Bitcoin as an investment vehicle. You're more likely to get through a person if you don't antagonize them, and you could even educate them on the actual subject itself in this case.
sr. member
Activity: 1176
Merit: 301
May 07, 2019, 02:16:56 AM
#2
We  have been hearing this since Bitcoin started .
Funny cause some of those who calls it scam before are now into crypto.
Those who are against it are now using it to make money.
I think for those people like me who have been in crypto for years have already heard this a million times and it doesn't bother us anymore.
legendary
Activity: 3514
Merit: 1963
Leading Crypto Sports Betting & Casino Platform
May 07, 2019, 02:09:19 AM
#1
We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  Roll Eyes

I am currently watching a series called, "Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts.  Roll Eyes

In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business)

So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.  Wink
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