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Topic: How Can Bitcoin Grow When All Exchanges are Scams? (Read 881 times)

newbie
Activity: 351
Merit: 0
Bitcoin will grow by utilizing it by the users and making a wide range of dissemination of information abou it. And II don’t think all exchanges are scam. Because they cannot operate if there is scam going on in their site and evenyually it will be shut down right away, with so many hackers out there. And also, we must research before exchanging and trading our bitcoins and altcoins before we conduct to the site exchanges.
full member
Activity: 392
Merit: 105
The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE


Actually bitcoin is much more than all those failed exchanges, scams and ponzi schemes that have taken advantage of the bitcoin's prestige to carry out the shady deals that end up discrediting bitcoin. Fortunately, I think that there are great possibilities for atomic swaps to prevail in the near future and in this way we will end up discarding all the centralized exchanges of today.
newbie
Activity: 31
Merit: 0
Because bitcoin is not a scam and other alts are actually dependent on bitcoin , not the other way around.
hero member
Activity: 1694
Merit: 541
Government try to hold bitcoin by putting rules and regulation but it is not easy because bitcoin is decentralized which means that there is also a decentralized exchanges for bitcoin.
The rules and regulations are for the fiat currency to be moved to crypto currency and no government can regulate bitcoin just like that,i am not sure what OP is referring to as scam exchanges,but there are decentralized exchanges right now but the problem is that the volume is really low and i am sure decentralized exchanges will be used in the future when regulations are implemented. Grin
jr. member
Activity: 328
Merit: 2
      We know that scammers are scattered arround us specially in online businesses like in bitcoin and other currency. But not all bitcoin exchanges are scam,there are still good and trusted exchage out there just do searching. Government try to hold bitcoin by putting rules and regulation but it is not easy because bitcoin is decentralized which means that there is also a decentralized exchanges for bitcoin.
member
Activity: 392
Merit: 39
The next step is to make a completely decentralized exchange, where there are no people involved, except the two people doing any particular transaction. It would be something like a totally automated LocalBitcoins - https://localbitcoins.com/.

Having such would completely take the taxing authority out of the picture... at least in the USA, where freedom to contract is outside of the IRS, if the people involved are simple individuals.
Sounds like a business idea Smiley However, please note, that the US can come into any jurisdiction and make them apply KYC regulations. For instance, they even brought swiss banks to US courts for not disclosing some dealings with US customers, when the bank in question operated on Swiss soil and under Swiss law. Can't the same happen to the crypto exchange like the one you described?
hero member
Activity: 811
Merit: 512
Enhalo Mining
The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE


Don't forget there are already some decentralized exchanges out there. For example the best one I like to use is Waves DEX. Moreover you may trade peer-to-peer with another used here on bitcointalk or on another community. So there's really no need to worry so much about exchanges...Just avoid centralized ones and you'll be fine!
legendary
Activity: 3906
Merit: 1373
Bitcoin is decentralized in this way. Anybody can send or receive bitcoins from anyone else, as long as they both have a wallet, and the bitcoin client. The blockchain is completely decentralized.

The next step is to make a completely decentralized exchange, where there are no people involved, except the two people doing any particular transaction. It would be something like a totally automated LocalBitcoins - https://localbitcoins.com/.

Having such would completely take the taxing authority out of the picture... at least in the USA, where freedom to contract is outside of the IRS, if the people involved are simple individuals.

Cool
legendary
Activity: 3262
Merit: 1130
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I am seeing a lot of hatred from different exchanges.
For my part I dont like how HitBTC is taking a lot of token just for deposit. I will swallow the withdrawal part but not the deposit.

Why should I pay for depositing one token when they will have a lot of income from the traders and I will be one of it once I got my token in them.
This is an idiotic or just really a greedy system of that website. Will never use that again.

I agree with the name of the OP.
member
Activity: 392
Merit: 39
First of all, not all exchanges are scam, it is a very strong statement and ungrounded accusation on your side. Some are scam, some are victims of scam, some are victims of stupidity, and some others: they are very sound.

Secondly, there are means to keep your founds secure even when using the exchange, like using 2FA or keeping your private keys on a hardware wallet. You always need to have security in the back of your mind when dealing with crypto and that's it. Doing some crazy and lightheaded stuff is not very healthy, it holds true both to crypto and to real life.
hero member
Activity: 774
Merit: 500
Look ARROUND!
Of course there could be exchanges that you could call a scam, but definitely not all exchanges are scams. Some governments have banned exchanges, but that does not mean those were a scam. These governments had other reasons why they banned exchanges.
What they do with the money is up to them, they may want to just run away with the coins. Some pay back the money.
full member
Activity: 266
Merit: 151
First crypto index traded as a token!
Of course there could be exchanges that you could call a scam, but definitely not all exchanges are scams. Some governments have banned exchanges, but that does not mean those were a scam. These governments had other reasons why they banned exchanges.
member
Activity: 126
Merit: 10
The future of bitcoin is very bad if the us government is operating scam sites to rob the peoples money.Soo much effort in the usa to poison and damage the people
Bitcoin is great technology but in a world controlled by satan and his lunatic governments -freemason agents -there is no freedom.

THE PEOPLE NEED A NON CENTRALIZED EXCHANGE

I don't think all exchanges are scam and i can understand your feelig but right now we can't to anything.The US officials are doing it what they feel is is best to put down bitcoin or cryptoworld and not only US government but many countries government are doing what they can do and with that they agree that this system is very advanced and revolutionary in IT world and they are planning tboring that in banking system as well.These are double faced activities but every investor has to believe in bitcoin.
full member
Activity: 532
Merit: 101

Indeed, on all stock exchanges, different rules and different percentages are removed to enter and withdraw funds (which we might not like). We can agree with this and work with this exchange, we can - not work. The choice is always ours, do not blame anyone!
member
Activity: 395
Merit: 10
So who is forcing you to keep your money at exchanges and expose themselves to danger? Keep everything on your wallets and will not be disappointed that all around the crooks. It is an investment...
newbie
Activity: 210
Merit: 0
every exchanger have scam allegation and recently Bitgril exchanger scammed it is very sad to see the loss of investors
member
Activity: 162
Merit: 10
What about bisq non centralized exchange?? any feedback on that
full member
Activity: 1106
Merit: 166
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Which exchange is scam?

I am using localbitcoins to buy and sell,there is no problem for me ever with this exchange.You need to pick popular exchange for trading your bitcoins and you need to pick the good traders too,because some offers low price than market price.
legendary
Activity: 1946
Merit: 1137
your title is pure bullshit. becasue simply when bitcoin was created, it was not in order to become a trading object, an speculation tool or in other words something you use only on exchanges.
when bitcoin was created and until today, it has always been a peer to peer currency. you don't go buy USD, you earn it, you trade goods for it also known as selling something for money. that is how bitcoin is supposed to be gained not by trading on a centralized exchange with fiat. that is how a currency works and bitcoin should work like that too.

as for trading which is inevitable i agree that we need more decentralized exchanges but when you want to trade with fiat, you have no other option.
full member
Activity: 182
Merit: 100
Not all exchanges are scam, but if this will happen I guess it will not make a huge affects to the price of the bitcoin instead it will make scammers to become rich.
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