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Topic: Is Bitcoin a scam: The long debated argument discussion by Bloomberg - Quicktake (Read 894 times)

legendary
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Of course we are not saying it is a scam, it is a talking point to get your views on this and to see what others are saying on the subject.
Such as what Chamath Palihapitiya who holds alot of bitcoin has attested with this recent statement he had made on a podcast Bitcoin is dead in America:
https://www.cnbc.com/2023/04/24/crypto-is-dead-in-america-says-tech-investor-chamath-palihapitiya.html

It is more or less to find out why they have come to this conclusion and if they have changed their views since.
jr. member
Activity: 38
Merit: 4
I didn’t watch the video because my network wasn’t stable.Bitcoins is not a scam and majority of us can attest to this but the unbelievable will for ever have a doubt. we may not outrightly blame them because the awareness, publicity, success stories etc are not out there like the negatives.
Yes, a lot believe that Bitcoin isn’t a good investment because of the rise and fall of bitcoin but trust if one understands the market you can make cool cash. My opinion
legendary
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Late nite television host John Oliver talks about Alex Mashinsky of now defunct Celsius cryptocurrency lender last night:

https://www.youtube.com/watch?v=Z_h4Ql99NmE


To draw more customers into the ponzi scheme, the founder even wore a star wars helmet to look more with the times towards his audience base during one of their promotional livestreams.
legendary
Activity: 2828
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Now that BTC has improved itself into the next bullrun up to over $30.5k rising $2k within the past 24 hours, we can discuss this documentary which I found while searching youtube a few months ago:

Crypto: The World’s Greatest Scam. by James Jani

https://www.youtube.com/watch?v=ORdWE_ffirg

So don't get put off by the name of the video as it just their viewpoint by this rather well known youtuber who usually does a thorough investigation for subjects that he reports on, does explain why they have come to this conclusion about bitcoin being the world's greatest scam.
legendary
Activity: 2828
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Docufilm about Mark Karpeles and the fall of Mt.Gox with of course the media blaming bitcoin and calling it a scam (it is certainly NOT!):


https://www.youtube.com/watch?v=7E-8-oVXV9A
legendary
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The debate can be considered futile as we all know Bitcoin is not a scam and it has created millions of new jobs in the world since its launch. Millions of people have had better, richer lives since long-term Bitcoin investments.
Bitcoin is not a scam it is proof of the evolution of currency.
That's the only proof that we need to disprove the claim that bitcoin isn't a scam. Plus, bitcoin is already too big to go down in flames plus no one is going to benefit from doing an exit scam in bitcoin because no one knows who is satoshi.
Good point. Wink

Whenever I hear the mass media calling it a bubble or asking when will the scamfinally go bust?!...
I always refer to the early on pro bono ponzi schemes of all scams of the cryptocurrency space of 2017 Bitconnect:

https://youtu.be/RtBjC5AfvOU

These guys who promoted it all got arrested a few months ago for continuing to pump up this obvious scam worldwide.
https://www.youtube.com/watch?v=5M6-tYLiRLw
https://www.youtube.com/watch?v=kqmI4eKbWYM

Although the "Hey, hey, hey.." guy, Carlos Matos, did not get charged. Releasing a video of how he was duped into it and actually was a victim:

https://youtu.be/3odIbJl-dGM
A well known crypto youtuber tells of his story and the lawsuits against this platform:
https://www.youtube.com/watch?v=rVzG5jOVHRM
full member
Activity: 868
Merit: 150
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The debate can be considered futile as we all know Bitcoin is not a scam and it has created millions of new jobs in the world since its launch. Millions of people have had better, richer lives since long-term Bitcoin investments.
Bitcoin is not a scam it is proof of the evolution of currency.
That's the only proof that we need to disprove the claim that bitcoin isn't a scam. Plus, bitcoin is already too big to go down in flames plus no one is going to benefit from doing an exit scam in bitcoin because no one knows who is satoshi.
legendary
Activity: 2828
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This crypto trillionaire (the first one Huh) says his account was locked by coinbase and he is on the 6th day of trying to get his account unlocked.
I guess he wants his $20 back. Cheesy
https://www.youtube.com/watch?v=vhH8EiXQWug
This is some bad publicity for coinbase because this could of happened to anyone and luckily he didn't have more than just this $20 in his account as a vast amount of people have over tens of thousands on their own accounts locked up into trades just like this fellow did with that one trade.
legendary
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After this story some would say altcoins such as this rocketbunny token is making all of cryptocurrency look bad from when I had seen it mentioned on a news show making funny of cryptotrading.
Coinbase's system seemed to have screwed up and made this guy the richest man in the world surpassing Musk and Besos..
Atleast on his screen.

https://www.dailymail.co.uk/news/article-9708841/Georgia-students-Rocket-Bunny-cryptocurrency-explodes-1trillion-Coinbase-glitch.html
legendary
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Here is the second video of the first one I posted about a week ago called:
The Insane world of Bitcoin Lips sealed
https://www.youtube.com/watch?v=brABoguf7uc



Describes alot of what was going on with the markets in the past couple of months in the sequel of the series of is bitcoin a scam (of course a rhetorical question Roll Eyes ) and what the whales are doing with their bitcoin holdings.
Near the middle of the video questions about crypto influencers such as musk and the like who seem have the power to sway the price of this trusted store of value, which many fail to comprehend at the very start.
Elon gate thread here:
https://bitcointalk.org/index.php?topic=5336007.140
sr. member
Activity: 1624
Merit: 315
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Bitcoin is not a scam or a ponzi scheme. There are still people who are claiming like it is. If it was a ponzi scheme, then it wouldn't even exist for this long. And it wouldn't be adopted by any place. I hope someday these people will understand this also.
Duh, everyone with the right mind and thinking knows that, the people who said it are just bitter assholes that regretted not buying bitcoin at a really low price because they are skeptical and now they want to make sure that others will share the same misery as them.
legendary
Activity: 2828
Merit: 1497
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Video which explains in a good way on why they can not call it a scam compared to how the current financial system works.
Very informative and narrated in a well and understandable way anybody can see what is laid out for bitcoin to take on the banks and corporate systems.
https://www.youtube.com/watch?v=4ByO8ym-iF8

Should of posted this on the first viewing three weeks ago but have become really busy with other things and summertime upon us.
Got to go out and enjoy your life while you still can and not dwell on such nonsense the people have been fudding about bitcoin lately.
As can be seen by the current price unfortunately. Undecided
full member
Activity: 896
Merit: 104
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Every bitcoin user that knows and truly understands how bitcoin works would know that bitcoin is not a scam. No matter the propaganda against bitcoin, it is obvious and the fact remains that bitcoin is not a scam.
Anybody has the right to choose what to believe or not and if some people choose not to accept bitcoin, it doesn't change the fact that bitcoin has come to revolutionise the financial industry and it's a whole game changer.
Trust me, these people that claim bitcoin is a scam would eventually get on the train, only that it would be too late then and they would have missed out on a lot of benefits.
member
Activity: 182
Merit: 30
Bitcoin Conference 2021 live - day 1
Alittle late but it started miami time. Cool
https://www.youtube.com/watch?v=Zp43Ktm3wos
source: bitcoin magazine

Some interesting speakers and best of all, everyone of them are pro bitcoin.
Because why would they invite a party pooper to this convention all that is BTC? Wink

Why would you hold a circle jerk and not invite like minded morons?

Hal Finney was good, he had a good heart, but all the good people in bitcoin have died, disappeared, or suicided; Like they say, only the good die young.

Are computers a scam, is math a scam? No, bitcoin is not a scam, but 99% of the people involved in bitcoin are psychotic sociopaths who would sell their sister for a buck ($1USD).

Algebra is not a scam, but math can be used by criminals to rip people off.

BTC attracts common criminals all over the earth why not, essentially the entire paradigm of non-reversible transactions means there is no law enforcement, that a criminal never gets caught.

The bad of BTC is this entire mind-frame has moved to the general population and world thinking, even VISA transactions are far harder to dispute these days, then entire expectation of the purchase of quality has been destroyed by bitcoin greed. The entire post 1950's process of 'buyer beware' has returned to 'sucker born every minute', and its good. My has the world gone to shit under the bitcoin uptopia.
legendary
Activity: 2828
Merit: 1497
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@fmasta, @Obito & @ILuckyGuyI

This was not the intent from the creation of the subject line in the title.
It is more of why do people call it such still with what it has proven over the years time and time again.
There is a video with the very same name (will post it tomorrow after the last day of the bitcoin conference) yet it discusses why it is not a scam.

It is a discussion about why people still think it is while it certainly is not. Smiley
hero member
Activity: 2030
Merit: 402
Bitcoin is not a scam or a ponzi scheme. There are still people who are claiming like it is. If it was a ponzi scheme, then it wouldn't even exist for this long. And it wouldn't be adopted by any place. I hope someday these people will understand this also.
sr. member
Activity: 1274
Merit: 293
Bitcoin being a scam is the funniest thing I have heard and I am just starting my day, if bitcoin is a scam then how come my friend became a millionaire at a young age? And what about the others who made a fortune out of bitcoin? Will they still comsider it as a scam? There's no debate needed in this because bitcoin has already proven itself.
legendary
Activity: 2828
Merit: 1497
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It is sort of funny you mention about him not being invited and I think you are right. The broken heart emojii was him expressing the rejection from the bitcoin community with his recent antics towards what they hold dear.
But they are doing what they should of done from the very start with his tweets about it and just ignore him. Cheesy
They haven't mentioned his name once since from what I have watched so far for today.
Bravo! Grin
member
Activity: 1358
Merit: 81
Bitcoin Conference 2021 live - day 1
Alittle late but it started miami time. Cool
https://www.youtube.com/watch?v=Zp43Ktm3wos
source: bitcoin magazine

Some interesting speakers and best of all, everyone of them are pro bitcoin.
Because why would they invite a party pooper to this convention all that is BTC? Wink

I am excited about the Bitcoin 2021 conference in Miami. If we realize that it is a great celebration because the USA is showing its great support for Bitcoin.

😂 I know who you mean "why would they invite a party pooper to this convention" to Elon Musk. Perhaps the #Bitcoin 💔 meme was due to him not receiving the invitation to this event.

A little more seriously, the US is showing why Bitcoin is a useful digital asset for humanity.
legendary
Activity: 2828
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Day 2 of the conference with Bobby Lee from Ballet and several others explaining their products for bitcoin.
https://www.youtube.com/watch?v=VVDNEnRAZU4
Africa is the number one place in the world for bitcoin adoption which is a major achievement for them. Smiley
The one speaker from Egypt (Northern Africa) also explains to the audience that Africans are not scammers and should not be associated as such when it comes to these sort of stereotypes in cryptocurrency any longer.
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