Tysat suggested me to create a thread in Scam accusations
Anybody agrees/disagrees?
I dont really think that this is a scam... but if it would get him off these forums or at least give hima scammer tag I think you should do it!!!!!!!!
He made an altcoin + he admitted that he thinks that "altcoin are the world's largest Ponzi scheme"
Also, definition of a scam:
A confidence trick (synonyms include confidence scheme and scam) is an attempt to defraud a person or group after first gaining their confidence.
Also Tysat told me that so that he gets a scammer tag
Even though it really does fit, he's doing a piss poor job of the confidence gaining part.
The biggest Harvard PHD's on wallstreet are calling alt coins a Ponzi scheme? Are they scammer? You idiots don't know the definition if a Ponzi scheme. And if this industry and promoted by the govt why can't I be part of it just cause I see the truth?
It's like saying drugs are bad but kick me off cause I wanna start a pharmas company or an alcohol company.
Look up the definition if a Ponzi scheme and bitcoin fits it to a T. But it will success the govt is behind it. The biggest scheme the world has ever seen.
How does Bitcoin fit this: "A fraudulent investing scam promising high rates of return with little risk to investors. The Ponzi scheme generates returns for older investors by acquiring new investors. This scam actually yields the promised returns to earlier investors, as long as there are more new investors. These schemes usually collapse on themselves when the new investments stop." Bitcoin promises no "High returns" and it isn't "Little risk" either. You have no idea what you are talking about.
Seriously, you do know you're arguing with Harvard PHD's.
First, a Ponzi scheme has no real product or real sustainable cashflows: check
Secondly, bitcoin you say doesn't give high returns yet is has already gone up more than the biggest stock of the Internet tech boom era of the 90's, DELL WENT up from 1991 to 2000 540 fold, or 54,000%.
3 years ago 1 pizza cost 10,000 bitcoins. Do the math, bitcoin in a fraction of the time has already blown away the best srock of the biggiest stock market bubble in history. But that's not returns for you.
Ok, namecoin was $.001 this year and in April went to $1. That's 1,000 times your money or 100,000% retun in under 60 days.
Again no products, no cash flows and massive profits as long as SOMENE is there to buy at the higher price.
This is a scam, the bit the banks and the govt are behind it snd soon the media, get in now and get rich cause you're among the first 1%, they're gonna bring on over half of the western world. Millions overnight will be made in varius alt coins. And if I'm right and bitcoin gets an ETF, $1,000 will be an easy target, it will blow bu it. Is that enough profits for this scheme?
Then how about Litecoin, 2 cents and now went to $3. Another worthless coin which blew away DELL.
Seeing a trend yet? It's just beginning!