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"No one is scammed because of Bitcoin"? What that nonsense even means? People are scammed because of disinformation. This is what tricks them to invest in Bitcoin. When you say that Bitcoin is like fiat currency this is disinformation. When you say that Bitcoin is better than fiat currencies this is disinformation. When you say that Bitcoin is like stocks or collectibles this is disinformation. When you say that Bitcoin is digital gold this is disinformation. Bitcoin, the same as all crypto, is a system that shows numbers to investors. This is so obvious that it's impossible to deny. And no one finds watching numbers "useful". Useful are goods and services. Useful is a banking system because it returns goods and services to number holders, as explained in the OP. That's why all you crypto holders want fiat money. You want to dump numbers in crypto systems and get numbers in the banking systems. The whole Bitcoin or crypto community is basically scammers that want to extract as much bank-issued money as possible from people by spreading lies and disinformation.
Topic: Revealing how the public is scammed through Bitcoin and cryptocurrencies (Read 432 times)
July 23, 2024, 12:08:46 AM
July 22, 2024, 10:13:22 PM
There's no point in engaging with OP in any of the threads he's created, which all share the same underlying theme of "bitcoin is bad."
We get it OP. You don't like Bitcoin. But you ignore all valid criticism of your claims in favor of continuing to harp on the same talking points you spelled out in the first post. Its an intellectually dishonest approach to debate and not far removed from trolling.
We get it OP. You don't like Bitcoin. But you ignore all valid criticism of your claims in favor of continuing to harp on the same talking points you spelled out in the first post. Its an intellectually dishonest approach to debate and not far removed from trolling.
July 22, 2024, 07:04:53 AM
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"No one is scammed because of Bitcoin"? What that nonsense even means? People are scammed because of disinformation. This is what tricks them to invest in Bitcoin. When you say that Bitcoin is like fiat currency this is disinformation. When you say that Bitcoin is better than fiat currencies this is disinformation. When you say that Bitcoin is like stocks or collectibles this is disinformation. When you say that Bitcoin is digital gold this is disinformation. Bitcoin, the same as all crypto, is a system that shows numbers to investors. This is so obvious that it's impossible to deny. And no one finds watching numbers "useful". Useful are goods and services. Useful is a banking system because it returns goods and services to number holders, as explained in the OP. That's why all you crypto holders want fiat money. You want to dump numbers in crypto systems and get numbers in the banking systems. The whole Bitcoin or crypto community is basically scammers that want to extract as much bank-issued money as possible from people by spreading lies and disinformation.Scammers exist in every corner and every field, including the stock market or banking, not just the cryptocurrency market. And we cannot just because of a few scammers declare that the cryptocurrency community is a scam or that everyone working in banks is a scammer.
Bitcoin is legal, recognized and we already have a bitcoin ETFs, those who still stubbornly call bitcoin a scam are only expressing jealousy and envy, nothing more and nothing less.
July 22, 2024, 06:25:04 AM
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"No one is scammed because of Bitcoin"? What that nonsense even means? People are scammed because of disinformation. This is what tricks them to invest in Bitcoin. When you say that Bitcoin is like fiat currency this is disinformation. When you say that Bitcoin is better than fiat currencies this is disinformation. When you say that Bitcoin is like stocks or collectibles this is disinformation. When you say that Bitcoin is digital gold this is disinformation. Bitcoin, the same as all crypto, is a system that shows numbers to investors. This is so obvious that it's impossible to deny. And no one finds watching numbers "useful". Useful are goods and services. Useful is a banking system because it returns goods and services to number holders, as explained in the OP. That's why all you crypto holders want fiat money. You want to dump numbers in crypto systems and get numbers in the banking systems. The whole Bitcoin or crypto community is basically scammers that want to extract as much bank-issued money as possible from people by spreading lies and disinformation. July 22, 2024, 03:02:09 AM
Here I am not criticizing Bitcoin. I have other threads where I do that. Here I am describing how the public is scammed via Bitcoin.
Nope, no one is scammed because of Bitcoin. Anyone who finds Bitcoin useful purchase it and mostly it's purchased by holders. Surely, if someone comes early gets things cheaper when those are not very limited in number and same thing happen with the ones who buy Bitcoin. Those who were early investors and long term holders can sell their Bitcoin for profit in similar way real estate guys bought land cheaper a few years ago and hold that land for long term and now they sell it for profit.
July 21, 2024, 09:09:15 PM
Describing cryptos as just a Greater Fool Theory scheme is not relevant IMO. Nowadays, you can buy many things with cryptos, even if you still can't buy all goods and services available except maybe in very few countries such as San Salvador. So unlike what you're saying Bitcoin can already be used as currency to pay tangible things. But unlike fiat currencies nobody can prevent you to pay what you want to who you want with it, and nobody not knowing your private keys will be able to seize your funds.
You are right that it is unfair to say cryptocurrencies are only scheme. Bitcoin and similar currencies can be used to buy many things even if not everything which shows they have real value. While not everyone accepts them yet they can still be used for real transactions making them different from speculative investments. Additionally cryptocurrencies offer level of freedom and security that traditional currencies do not give allowing for direct transactions without middlemen or risk of funds being seized. This makes them unique and promising asset. Their usefulness and growth potential make them more than just temporary fad. 
July 21, 2024, 06:49:57 PM
You're not revealing anything out here. The fact of the matter is that you're basically talking about pump and dump schemes/ponzi schemes. And in the case of tying bitcoin in all of this shit let me tell you that bitcoin's already revealed to not be related to any of this shit at all, much to the dismay of all you haters.
Ponzi schemes benefit those that came in early the most, and while that is the case for bitcoin for the most part, it's not to say that those at the bottom of the proverbial pyramid's not getting anything out of this ordeal, matter of fact since bitcoin's supply is finite there will come a time where everyone will have just as much valuable bitcoin for themselves as those in the upper echelons of the HODLers. So it's not like the whales are using the bottomlines as exit liquidity.
Bitcoin as it stands today isn't even a full-fledged cryptocurrency anymore. It's more like a store-of-value using the technology of cryptocurrencies to make things easier for all its holders. By a longshot this is way better than holding Gold and Silver ETFs, cause at the very least you know that you really own your bitcoins, whereas with ETFs you're basically just given a contract that says the issuer owes you this much gold/silver or whatever valuable asset they put out.
Ponzi schemes benefit those that came in early the most, and while that is the case for bitcoin for the most part, it's not to say that those at the bottom of the proverbial pyramid's not getting anything out of this ordeal, matter of fact since bitcoin's supply is finite there will come a time where everyone will have just as much valuable bitcoin for themselves as those in the upper echelons of the HODLers. So it's not like the whales are using the bottomlines as exit liquidity.
Bitcoin as it stands today isn't even a full-fledged cryptocurrency anymore. It's more like a store-of-value using the technology of cryptocurrencies to make things easier for all its holders. By a longshot this is way better than holding Gold and Silver ETFs, cause at the very least you know that you really own your bitcoins, whereas with ETFs you're basically just given a contract that says the issuer owes you this much gold/silver or whatever valuable asset they put out.
July 21, 2024, 06:06:53 PM
Here I am not criticizing Bitcoin. I have other threads where I do that. Here I am describing how the public is scammed via Bitcoin.
Nope, no one is scammed because of Bitcoin. Anyone who finds Bitcoin useful purchase it and mostly it's purchased by holders. Surely, if someone comes early gets things cheaper when those are not very limited in number and same thing happen with the ones who buy Bitcoin. Those who were early investors and long term holders can sell their Bitcoin for profit in similar way real estate guys bought land cheaper a few years ago and hold that land for long term and now they sell it for profit.
July 21, 2024, 06:02:40 AM
Is this another discussion about intrinsic value?
Anyway, first off, Bitcoin isn't some kind of stone or shell or leaf that derives its value by merely assuming that it has value. Bitcoin didn't gain value simply because two or three or a group of nerds agreed that it has value. Bitcoin's value came from its very features. If you think that Bitcoin is just a mere number, then you don't understand Bitcoin at all.
Anyway, first off, Bitcoin isn't some kind of stone or shell or leaf that derives its value by merely assuming that it has value. Bitcoin didn't gain value simply because two or three or a group of nerds agreed that it has value. Bitcoin's value came from its very features. If you think that Bitcoin is just a mere number, then you don't understand Bitcoin at all.
I don't even think OP really does understand the argument he's putting out there. First of, his thread is too long and tacky as the thread does not address any challenges or solve any problem. The OP was just talking about numbers as if the value of Bitcoin came out of the thin air. I would have loved to argue this more but this is one of the threads similar to the one that claim Bitcoin was founded by bankers aimed at deviating the attention of people from the centralized system of banking. It doesn't really make a common sense to me.
July 21, 2024, 04:23:19 AM
Is this another discussion about intrinsic value?
Anyway, first off, Bitcoin isn't some kind of stone or shell or leaf that derives its value by merely assuming that it has value. Bitcoin didn't gain value simply because two or three or a group of nerds agreed that it has value. Bitcoin's value came from its very features. If you think that Bitcoin is just a mere number, then you don't understand Bitcoin at all.
Anyway, first off, Bitcoin isn't some kind of stone or shell or leaf that derives its value by merely assuming that it has value. Bitcoin didn't gain value simply because two or three or a group of nerds agreed that it has value. Bitcoin's value came from its very features. If you think that Bitcoin is just a mere number, then you don't understand Bitcoin at all.
I don't even think OP really does understand the argument he's putting out there. First of, his thread is too long and tacky as the thread does not address any challenges or solve any problem. The OP was just talking about numbers as if the value of Bitcoin came out of the thin air. I would have loved to argue this more but this is one of the threads similar to the one that claim Bitcoin was founded by bankers aimed at deviating the attention of people from the centralized system of banking. It doesn't really make a common sense to me.
July 21, 2024, 03:39:15 AM
Scam is defined as tricking people to get their money. Whenever you hear something positive about cryptocurrencies, that they are the money of the future, some kind of better alternative to money issued by banks, etc., it falls under the above definition. It's tricking people to get their money. All those who hold cryptocurrencies have only one goal - to dump them on investors and get as much bank-issued money as possible. When they publicly promote crypto it is solely for this goal.
The great thing about Bitcoin - and why its always been the #1 crypto by far - is that you actually can use it as a currency. People do it every day, thousands of times a day. Unlike actual pump n dump cryptos (which are admittedly the majority), Bitcoin has an intrinsic value through its ability to act as an uncensorable form of money. Sure, there will always be people out there using their influence to encourage others to buy it so they can sell it at a higher price than which they bought it, but its the innate utility that makes it the leader of the pack, and a viable commodity.
July 21, 2024, 03:07:48 AM
I can't believe I read through the Op thread and arrive at nothing 
I don't fancy lengthy posts nowadays but the topic tempted me to read everything line by line.
First of all, I will direct you to read this Banks, Airlines and hospital are all down today by NotATether and perhaps you will change your view about cryptocurrency and Bitcoin per se.
It's good to read everything you come across online, have any sort of thought or believe whatever you want to but it is a dishonest act to mislead others with it.
I don't fancy lengthy posts nowadays but the topic tempted me to read everything line by line.First of all, I will direct you to read this Banks, Airlines and hospital are all down today by NotATether and perhaps you will change your view about cryptocurrency and Bitcoin per se.
It's good to read everything you come across online, have any sort of thought or believe whatever you want to but it is a dishonest act to mislead others with it.
July 21, 2024, 12:40:23 AM
I agree with TSC, this thread should be locked as it doesn't contian anything valuable or useful but has been created to pollute the forum.
The OP just wants to make such threads and reply in his own thread as many times as possible to show how good he can explain things but in actual we know what's the truth.
That's why I believe all of us should stop wasting our time on threads that hold no good value for us. Bitcoin critics often come with such useless threads and the best we can do it to avoid such threads.
Here I am not criticizing Bitcoin. I have other threads where I do that. Here I am describing how the public is scammed via Bitcoin. The OP just wants to make such threads and reply in his own thread as many times as possible to show how good he can explain things but in actual we know what's the truth.
That's why I believe all of us should stop wasting our time on threads that hold no good value for us. Bitcoin critics often come with such useless threads and the best we can do it to avoid such threads.
July 21, 2024, 12:37:14 AM
Scam is defined as tricking people to get their money. Whenever you hear something positive about cryptocurrencies, that they are the money of the future, some kind of better alternative to money issued by banks, etc., it falls under the above definition. It's tricking people to get their money. All those who hold cryptocurrencies have only one goal - to dump them on investors and get as much bank-issued money as possible. When they publicly promote crypto it is solely for this goal.
A lot may have this kind of intention but many users of crypto uses it for their transactions and they prefer holding crypto so that they can hold their own money and not give control to any intermediary.Promoting crypto specifically bitcoin is not a scam. A scam is promising false ideas for the sake of gaining profit but bitcoin is not just about gaining profit.
July 20, 2024, 04:56:22 PM
Describing cryptos as just a Greater Fool Theory scheme is not relevant IMO. Nowadays, you can buy many things with cryptos, even if you still can't buy all goods and services available except maybe in very few countries such as San Salvador. So unlike what you're saying Bitcoin can already be used as currency to pay tangible things. But unlike fiat currencies nobody can prevent you to pay what you want to who you want with it, and nobody not knowing your private keys will be able to seize your funds.
July 20, 2024, 04:12:27 PM
I agree with TSC, this thread should be locked as it doesn't contian anything valuable or useful but has been created to pollute the forum.
The OP just wants to make such threads and reply in his own thread as many times as possible to show how good he can explain things but in actual we know what's the truth.
That's why I believe all of us should stop wasting our time on threads that hold no good value for us. Bitcoin critics often come with such useless threads and the best we can do it to avoid such threads.
The OP just wants to make such threads and reply in his own thread as many times as possible to show how good he can explain things but in actual we know what's the truth.
That's why I believe all of us should stop wasting our time on threads that hold no good value for us. Bitcoin critics often come with such useless threads and the best we can do it to avoid such threads.
July 20, 2024, 05:23:32 AM
Scam is defined as tricking people to get their money. Whenever you hear something positive about cryptocurrencies, that they are the money of the future, some kind of better alternative to money issued by banks, etc., it falls under the above definition. It's tricking people to get their money. All those who hold cryptocurrencies have only one goal - to dump them on investors and get as much bank-issued money as possible. When they publicly promote crypto it is solely for this goal.
A lot may have this kind of intention but many users of crypto uses it for their transactions and they prefer holding crypto so that they can hold their own money and not give control to any intermediary.Promoting crypto specifically bitcoin is not a scam. A scam is promising false ideas for the sake of gaining profit but bitcoin is not just about gaining profit.
July 20, 2024, 04:59:06 AM
OP, the major problem you and every other critics of Bitcoin have with Bitcoin is that it is highly decentralized, no one controls it. Oh yea! No one is gonna request for my house, cars or anything of value as a collateral in exchange for some good figures. Everyone controls it and the system regulates it, sounds like magic huh?
There wouldn't be any need to convert Bitcoin first to FIAT for making payments if everyone agrees to accept Bitcoin as a medium of payment, this was what Bitcoin was originally meant for. Good news, some organisations have already adopted Bitcoin.
While FIAT keeps battling with inflation, Bitcoin is appreciating in value and the more the value appreciates, a lot of people are gradually adopting it. In few years to come, we would know who the real scammers are between the government/traditional banks and Bitcoin.
I have no problem with Bitcoin. Bitcoin is just a system that shows numbers to investors. What I do is describe how people are scammed via disinformation spread by existing Bitcoin investors. There wouldn't be any need to convert Bitcoin first to FIAT for making payments if everyone agrees to accept Bitcoin as a medium of payment, this was what Bitcoin was originally meant for. Good news, some organisations have already adopted Bitcoin.
While FIAT keeps battling with inflation, Bitcoin is appreciating in value and the more the value appreciates, a lot of people are gradually adopting it. In few years to come, we would know who the real scammers are between the government/traditional banks and Bitcoin.
July 20, 2024, 03:11:02 AM
OP, the major problem you and every other critics of Bitcoin have with Bitcoin is that it is highly decentralized, no one controls it. Oh yea! No one is gonna request for my house, cars or anything of value as a collateral in exchange for some good figures. Everyone controls it and the system regulates it, sounds like magic huh?
There wouldn't be any need to convert Bitcoin first to FIAT for making payments if everyone agrees to accept Bitcoin as a medium of payment, this was what Bitcoin was originally meant for. Good news, some organisations have already adopted Bitcoin.
While FIAT keeps battling with inflation, Bitcoin is appreciating in value and the more the value appreciates, a lot of people are gradually adopting it. In few years to come, we would know who the real scammers are between the government/traditional banks and Bitcoin.
There wouldn't be any need to convert Bitcoin first to FIAT for making payments if everyone agrees to accept Bitcoin as a medium of payment, this was what Bitcoin was originally meant for. Good news, some organisations have already adopted Bitcoin.
While FIAT keeps battling with inflation, Bitcoin is appreciating in value and the more the value appreciates, a lot of people are gradually adopting it. In few years to come, we would know who the real scammers are between the government/traditional banks and Bitcoin.
July 20, 2024, 03:07:16 AM
Everything positive you've ever heard about cryptocurrencies is just a way to attract as many investors as possible and extract as much bank-issued money as possible from them.
IPOs, startups, just business, and other ways of raising money for the sake of making a profit (getting as much money as possible) all fall under your definition of fraud.How are cryptocurrencies fundamentally different from the stock market, shares, and other traditional financial instruments, if we consider the method of attracting money? Nothing.
Cryptocurrencies are no more fraudulent than all of the above.
That's why cryptocurrencies are a scam. And those who publicly promote them and at the same time hold them are scammers.
Well, well, well...Are you saying that all holders are scammers? You seem to be confusing the concept of fraud. I'll try to explain it to you clearly.
Fraud, when some people take away (the victim voluntarily gives) value from others under various pretexts. In the case of a bitcoin hold, the holder doesn't receive any value from anyone, but, on the contrary, loses it, that is, the value in the form of bitcoin purchased with money is stored in the same place (crypto wallet) for a long time. From this perspective, the holder (in some sense) should be called a victim rather than a fraudster.
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