Hey, this is a scam right? - page 2.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: kasperov on July 10, 2012, 03:48:10 AM

Bitcoin was created and is run by people I cant trust, so how can I trust bitcoin?

No one 'runs' bitcoin, much like the fact that no one 'runs' torrents as everyone taking part is one of those who are running it.
Bitcoin is completely open source and distributed with the MIT license, so anyone is free to dissect the code to see why should you trust it.

NothinG

hero member

Activity: 560

Merit: 500

Quote from: kasperov on July 10, 2012, 03:48:10 AM

Bitcoin was created and is run by people I cant trust, so how can I trust bitcoin?

Bitcoin is created so you don't have to trust anyone.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Please do a readup on ponzi schemes first: http://en.wikipedia.org/wiki/Ponzi_scheme
Bitcoin is an P2P based commodity, and there is no guarantees on any returns or profit. It's just another commodity. The prices are determined by the rates people are willing to buy and sell at.

pekv2

hero member

Activity: 770

Merit: 502

Quote from: the joint on July 10, 2012, 03:47:55 AM

Quote from: kasperov on July 10, 2012, 03:41:24 AM

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

You mean Bitcoin?

Bitcoin is legit, but it may come off as a ponzi to those who have not done their research. The first people who invested in Bitcoin (e.g. those who were among the first miners, those who started the first Bitcoin businesses and exchanges, etc.) took a significant risk in terms of time and/or money to set everything in motion, and they deserve the rewards they have gotten.

Bitcoin is revolutionary, and if you take the time to build a good reputation and see what Bitcoin and this forum has to offer, you can be part of that revolution. But, be extremely weary of scammers and others who will try to take advantage of you. That being said, welcome! There are a lot of incredibly bright people here from whom you can learn a lot. You can also make a lot of money if you take advantage of the numerous opportunities here

^

kasperov

newbie

Activity: 5

Merit: 0

Bitcoin was created and is run by people I cant trust, so how can I trust bitcoin?

the joint

legendary

Activity: 1834

Merit: 1020

Quote from: kasperov on July 10, 2012, 03:41:24 AM

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

You mean Bitcoin?

Bitcoin is legit, but it may come off as a ponzi to those who have not done their research. The first people who invested in Bitcoin (e.g. those who were among the first miners, those who started the first Bitcoin businesses and exchanges, etc.) took a significant risk in terms of time and/or money to set everything in motion, and they deserve the rewards they have gotten.

Bitcoin is revolutionary, and if you take the time to build a good reputation and see what Bitcoin and this forum has to offer, you can be part of that revolution. But, be extremely weary of scammers and others who will try to take advantage of you. That being said, welcome! There are a lot of incredibly bright people here from whom you can learn a lot. You can also make a lot of money if you take advantage of the numerous opportunities here

pekv2

hero member

Activity: 770

Merit: 502

Quote from: Yuhfhrh on July 10, 2012, 03:44:40 AM

Quote from: kasperov on July 10, 2012, 03:41:24 AM

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

You are right about not trusting anyone, but you are wrong about bitcoin being a ponzi scheme.

Ionno, they say that, but there are a few here that I trust like PatrickHarnett, Theymos, psy, MatthewM, Kluge and a few others, a few select actually have my real name, home address and phone number.

Yuhfhrh

full member

Activity: 238

Merit: 100

Quote from: kasperov on July 10, 2012, 03:41:24 AM

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

You are right about not trusting anyone, but you are wrong about bitcoin being a ponzi scheme.

pekv2

hero member

Activity: 770

Merit: 502

I think he might be referring it to bitcoin.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: kasperov on July 10, 2012, 03:41:24 AM

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

What are you referring as a ponzi scheme?

kasperov

newbie

Activity: 5

Merit: 0

Is this like a ponzi scheme to try and make people rich? I was told this by several people and not to trust anyone.

Topic: Hey, this is a scam right? - page 2. (Read 1930 times)