People don't want to invest into bitcoin because its a software - page 2.

Furio

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Quote from: Mervyn_Pumpkinhead on June 08, 2015, 10:03:24 AM

Quote from: Furio on June 08, 2015, 09:45:40 AM

you claim it's a ponzi

No, I claimed that it's a pyramid scheme.
But thank you for proving my point by showing the inability to distinguish a pyramid scheme and a ponzi scheme.

There is very little difference between pyramid or ponzi, this is semantics U are abusing, sad sad

oblivi

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Quote from: Mervyn_Pumpkinhead on June 08, 2015, 09:43:06 AM

I understand how a pyramid scheme works, and how uneducated fools are attracted to them. That's one of the main reasons that made me win a nice sum of money, when bitcoin was light and attractive enough to have a profitable inflow of greater fools.

Bitcoin is here to stay. You did great selling at 1K because the price was bubbled, but it's a different story thinking it's game over because "the pump" happened. If you don't see it then you are looking far enough into the future. There will be way bigger bubbles than the 1K one.

Afrikoin

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alan watts is all you need

Quote from: solid12345 on June 08, 2015, 09:20:56 AM

Quote from: BillyBobZorton on June 08, 2015, 08:58:03 AM

Yeah, I guess people don't want to invest in Facebook, Instagram, Uber and the rest of billoaire marketcap softwares lol. Nice troll. Made me reply Cheesy

LOL the Op is clearly trolling but there is some truth to what he is saying, Bitcoin still has the image of "magic internet money" in the average person's head.
Obviously we are conditioned to believe software applications like Office or Photoshop provides a utilitarian value and thus has worth but the general public still think of Bitcoin as some "fantasy" currency much like Xbox Points or something.

I'm with you. That is the feeling i get when talking to people who haven't heard of it.

Mervyn_Pumpkinhead

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Quote from: Furio on June 08, 2015, 09:45:40 AM

you claim it's a ponzi

No, I claimed that it's a pyramid scheme.
But thank you for proving my point by showing the inability to distinguish a pyramid scheme and a ponzi scheme.

Furio

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Quote from: Mervyn_Pumpkinhead on June 08, 2015, 09:43:06 AM

I understand how a pyramid scheme works, and how uneducated fools are attracted to them. That's one of the main reasons that made me win a nice sum of money, when bitcoin was light and attractive enough to have a profitable inflow of greater fools.

Ok in other words, you were out to scam other people!? Because the price dropped cuz of so much factors, government interfering a big factor, you claim it's a ponzi, while it could have just as easily gon the other way up, you're really a negative nancy

Mervyn_Pumpkinhead

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I understand how a pyramid scheme works, and how uneducated fools are attracted to them. That's one of the main reasons that made me win a nice sum of money, when bitcoin was light and attractive enough to have a profitable inflow of greater fools.

Furio

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Quote from: Mervyn_Pumpkinhead on June 08, 2015, 09:38:20 AM

In my experience, the main thing that distinguishes people who don't want to buy bitcoin, is the ability to understand the concept of an pyramid scheme.

This is such un ignorant remark, if you TRULY understand how an pyramid scheme works, you'll know that Bitcoin can't be one

Mervyn_Pumpkinhead

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In my experience, the main thing that distinguishes people who don't want to buy bitcoin, is the ability to understand the concept of an pyramid scheme.

solid12345

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Quote from: BillyBobZorton on June 08, 2015, 08:58:03 AM

Yeah, I guess people don't want to invest in Facebook, Instagram, Uber and the rest of billoaire marketcap softwares lol. Nice troll. Made me reply Cheesy

LOL the Op is clearly trolling but there is some truth to what he is saying, Bitcoin still has the image of "magic internet money" in the average person's head.
Obviously we are conditioned to believe software applications like Office or Photoshop provides a utilitarian value and thus has worth but the general public still think of Bitcoin as some "fantasy" currency much like Xbox Points or something.

BillyBobZorton

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Yeah, I guess people don't want to invest in Facebook, Instagram, Uber and the rest of billoaire marketcap softwares lol. Nice troll. Made me reply Cheesy

spazzdla

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Why are people talking with the OP..

Amph

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Quote from: toinew on June 07, 2015, 03:36:07 AM

Quote from: bornil267645 on June 06, 2015, 10:56:52 PM

Anybody who thinks Bitcoin is a soft ware they don't need to invest in Bitcoin at all. I mean, Bitcoin is the next big tech that can revolutionize the world economy and all you think is that it's software.

How lame can they get !!!

Sorry bro, but bitcoin is a software. Try harder next time

yeah but, if you're the only one running it is worthless, it's like saying that internet is a software, the client is just a machine that control bitcoin, bitcoin are the operations of it, a bit different if you understood it

toinew

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Quote from: bornil267645 on June 06, 2015, 10:56:52 PM

Anybody who thinks Bitcoin is a soft ware they don't need to invest in Bitcoin at all. I mean, Bitcoin is the next big tech that can revolutionize the world economy and all you think is that it's software.

How lame can they get !!!

Sorry bro, but bitcoin is a software. Try harder next time

bornil267645

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AltoCenter.com

Anybody who thinks Bitcoin is a soft ware they don't need to invest in Bitcoin at all. I mean, Bitcoin is the next big tech that can revolutionize the world economy and all you think is that it's software.

How lame can they get !!!

Brewins

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Bitcoin is math, not software.

Math can't be faked.

Meuh6879

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people keep money in a ponzi schem ... because they trust the bank.

but, at the end, bank can hack the people (bail-in system). Lips sealed

bitcoin can't do this. Roll Eyes

people must die to learn thing, i think ... well, perhaps, the end is at 2017 like the halving of bitcoin. Grin

ikydesu

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Quote from: toinew on June 02, 2015, 11:05:41 PM

People can hack it Angry

LOL. Fiat can hack too: http://www.nytimes.com/2015/02/15/world/bank-hackers-steal-millions-via-malware.html?_r=0 Tongue

learn more about how to secure your wallet broh, choose a safe wallet(my advice is use desktop wallet), be your PC clean from any virus/malware/ect. Also please read this: https://bitcoin.org/bitcoin.pdf

~iki

BlackSpidy

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Money can be faked. It's just paper. Much less safe than software.

randy8777

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stupidity just reached a whole new level. instead of opening a thread like this, please take some effort to read about bitcoin to understand what it is and how it works.

Q7

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People don't want to invest in fiat cash because it's paper. It tears up easily and if you happen to be on the street holding onto all the cash, you can easily get mugged. Oh yeah, and don't forget, every year you will find that the purchasing power of that paper money is decreasing making you getting less goods for the same amount.

Topic: People don't want to invest into bitcoin because its a software - page 2. (Read 2997 times)