Topic: It's over. The Ponzi scheme is coming down. Goodnight sweet bitcoin. (Read 9945 times)

Wow, I really thought that more bitcoins were lost by now. How did they even figure this out??? How do we know the Bitcoins in the addresses with most Bitcoins aren't really lost? We've really only 10 million BTC left to be mined, so we're at about 1/2 of the total amount to be ever distributed. Amazing!

Nagle, is that you?

I must point out here that a car will work if it has no electronics, and the battery disconnected at time of emp.. in fact, all electronic devices with no power in them, you know, like a backup battery, or residue current in the capacitors.. will in fact work.. if it has power at the time of emp, kiss it goodbye.. and how many people will be thinking of btc when everything stops working?

Go back and look at the OPs threads and responses.  This person has been trolling bitcointalk since 2011 !

What if more bitcoins have been lost than that chart shows. Some of the top 100 wallets have had no withdrawals for years. Would you admit it if you had one of those wallets and lost the key through your own fault, or a computer crash?

You know, the problem with that is, we don't really know if those big addresses really belong to individuals.
These addresses could very well be storing funds belonging to thousands of people.
Then, on the other hand, we don't know how many addresses the super-bitcoin-holders have.
We don't know the addresses belonging to the Winklevii. We already know that satoshi has around 20,000 addresses.
The chart is inconclusive at best.

Ahhh, awesome. It's always great to come back to these kinds of threads after some time has passed and it is quite safe to say that those people were wrong. This kind of FUD has been spread since Bitcoin was invented. I guess it's just the normal course of events!

If that happens we will all be living in a world like something out of mad max, except even cars won't work.

1 decent solar flare that knocks out the entire electricity grid and we've much bigger problems on our hands than what will happen to btc lol.

There are tons of writings which explain why bitcoin isn't a Ponzi scheme.

Imust also point out that bitcoin in itself is NOT a ponzi scheme, it is nothing more than a file that says how much credit you may or may not have.. it's the people running the sites that are ponzi.. just look at the scheme's they come out with, the hoops people have to jump through for something added on at a later date.. now thats the ponzi scheme.. gimme btc anyday, fek the rest..

Cool as it was, it dont change the fact that I wrote what most laymen are thinking.. 1 decent solar flare and all your btc belongs to..?

LMAO

Oh well, into the deepend i go.. again.. Try this:

New currency released, creating faucets for folks to get into it with little or no money. The problem here, is those that got into bitcoin at the start know that bitcoin only has 8 0'z after the decimal point, anything less is not bitcoin, regardless of what you try to pull over people's eyes with satochi.. see, many sites say free btc, only for the customer to find that they were not paid anything anywhere near the 8 0'z after the decimal point.. in effect, i go to a site, collect 1.000 satochi for say watching video's.. the site then proceeds to rip off a good 30% of that in faked transaction fees using the excuse that they'll send it when they have enough.. I had a friend start with 0 bitcoins, and asked him to stick with trying to create 1 btc from faucets dotted all over the place.. he sussed quickly that it would take at least a year to earn a quarter of a bitcoin.. so just how long do you think you can all feed off each other when the only thing we see online is sites offering free btc when in fact they are offering something invented several years AFTER the origional creation? How many people with a faucet here can honestly say they pay out directly to the customers wallet? Most likely 1% of aLL bitcoin websites. And again to stress a point.. apart from trading online with btc, what can we actually do with them outside in the real world, that would make others see that this is in fact a viable currency instead of nothing more than club points?

Btc has no value based on the fact that the value is held around the same as every other currency.. I always did ask myself, well, if it's so good, and worthwhile, how come no-one is trading them in the street?

The fact of the matter is, new investors f*ck off at the first sign of not being paid.. Does your site pay out immediatly? Probably not. Thank you for killing your only chance of a de-centralized currency..

Raw Dog? Is that you?

Yes, it's over now. Everybody just go home!

Bitcoin is going down for a serious reason and that is the Chinese regulation. How is that indicates a ponzi scheme?

Bitcoin is now to be referred to as...... the Fonzi Scheme. ehhhhhhh?!

What is worse? Bitcoin or US Dollar?

Thanks for posting this I was considering responding but clearly the OP is retarded. Saved me some time.