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Title: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on December 29, 2017, 09:29:05 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Kajune on December 29, 2017, 09:31:14 AM They are made by mad peoples who are jealous of other peoples who have gain wealth using bitcoin while they don't have any, they want to crash bitcoin price so that they can affort it.
So don't listen to any mad peoples, only sell or buy your bitcoin when you see profit and not what mad peoples say. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: talkbitcoin on December 29, 2017, 09:31:16 AM what else is new?
reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: RobertoMakeli on December 29, 2017, 09:38:08 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e this new made by people who don't know anything about bitcoin or thay don't want to see other people make money from bitcoin. never care about them broTitle: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: 12tribes on December 29, 2017, 09:41:10 AM I clicked on the link and this is what he said
"At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam" Lets not misquote what is said in the magazine. I am absolutely sure some will leave comments here without finding out what is said. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: cherryscarlett on December 29, 2017, 09:44:47 AM This is normal, and a few years ago many newspapers reported that bitcoin was a huge hoax, but this year the same newspaper had a different view.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: CryptoBry on December 29, 2017, 09:45:55 AM what else is new? reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! We have to understand that we are not anymore in the honeymoon stage as far as the mainstream media is concerned. In the many months that the media discovered Bitcoin you would expect many praises and positive news and opinions but as time goes on when the media started to scrutinize the nooks and crannies of Bitcoin they will start to focused on negativity surrounding the topic. This is actually a cycle with the media. This is akin to the love and hate relationship other politicians have with the media. We also have to pinpoint out that the mainstream media is never the best source of opinions, ideas and anything in between for Bitcoin as they really don't know anything about it and whatever knowledge they have can be based on what they hear from other people who have similar dislike for Bitcoin. The only thing that can silence these critics if if Bitcoin will still be here maybe five years from now and still having a good value on its own. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: fiulpro on December 29, 2017, 09:46:13 AM It's more like bankers and other business men are trying to put their words in other's mouth.. it's literally something that shouldn't matter to us at all because we are in this and we all are earning through bitcoins one way or the other and I haven't heard of a scam that pays people, it's really shameful that without proper knowledge and exploration, people go ahead and print things like this and that too.. something this big... Forbes magazine is world renowned , I think they should learn about everything more before printing anything like this.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: hkdfgkdf on December 29, 2017, 09:50:07 AM what else is new? Yeah, I also read the article and at least he clarifies that bitcoin itself is not a scam but the rest is how it works as a scam. You know most of the people doesn't take time to read the whole article and just judge what the headline tells. The author must have headline like how bitcoin scam works. Well Im not good at writing articles but lot of people might misunderstand it. He should at least add some benefits and opportunities that could get from bitcoin. They must know that staining the image of bitcoins matters specially those who work hard to earn extra income.reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: lillyann on December 29, 2017, 09:52:57 AM This is normal, and a few years ago many newspapers reported that bitcoin was a huge hoax, but this year the same newspaper had a different view. Every now and then such articles appear. Nothing special. I would not care if there are so many companies investing :). Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: wiro 212 on December 29, 2017, 09:54:22 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e It's natural for people who do not know about bitcoin, and also they do not have bitcoin. do not listen, it's important to stay focused on bitcoin because it will make a profit. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: talkbitcoin on December 29, 2017, 10:07:45 AM what else is new? reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! We have to understand that we are not anymore in the honeymoon stage as far as the mainstream media is concerned. In the many months that the media discovered Bitcoin you would expect many praises and positive news and opinions but as time goes on when the media started to scrutinize the nooks and crannies of Bitcoin they will start to focused on negativity surrounding the topic. This is actually a cycle with the media. This is akin to the love and hate relationship other politicians have with the media. We also have to pinpoint out that the mainstream media is never the best source of opinions, ideas and anything in between for Bitcoin as they really don't know anything about it and whatever knowledge they have can be based on what they hear from other people who have similar dislike for Bitcoin. The only thing that can silence these critics if if Bitcoin will still be here maybe five years from now and still having a good value on its own. very true. but there is also a big difference between having an opinion about bitcoin and its future or in general about cryptocurrencies and publishing something about basics of bitcoin without understanding them first. i mean we are not talking about some small time website or news agency, Forbes is a big place and you would expect the journalists to at least put a little effort into doing a research before writing something! even if it is misinformation, lies, or even FUD! Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Nilda on December 29, 2017, 10:12:20 AM Please read the article before commenting. I would like to think that his statements were taken out of context. But in simple terms, he doesn’t like cryptocurrency. The funny thing is there’s a bitcoin ad in his page.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on December 29, 2017, 10:21:34 AM Please read the article before commenting. I would like to think that his statements were taken out of context. But in simple terms, he doesn’t like cryptocurrency. The funny thing is there’s a bitcoin ad in his page. I think that ad depends on what your interest and searches are.... It probably comes from an adservice like google ads. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: krishnapramod on December 29, 2017, 10:22:17 AM I wouldn't have wasted a few minutes if I had checked the author's bio first. Nothing new, the same old repetitive stuff, just numbers, not backed by anything/no intrinsic value, and tulip bubble.
Quote The only difference between Bitcoin No. ABC123 and $1 Bill No. L88793293J is that at the end of the day, the $1 bill physically exists and has a face value that is worth something, i.e., Fred could take the $1 bill and buy something off the $1 menu at McDonalds. The same situation occurs with credit card transactions, whereby the credit card processing company assigns are unique value to each transaction, but the number itself has no value. The guy should read this article, You Don’t Understand Bitcoin Because You Think Money Is Real Quote Bitcoin is an illusion, a mass hallucination, so one hears. It’s just numbers in cyberspace, a mirage, insubstantial as a soap bubble. Bitcoin is not backed by anything other than the faith of the fools who buy it and of the greater fools who buy it from these lesser fools. And you know? Fair enough. All this is true. What may be less easy to grasp is that U.S. dollars are likewise an illusion. They too consist mainly of numbers out there in cyberspace. Sometimes they’re stored in paper or coins, but while the paper and coins are material, the dollars they represent are not. U.S. dollars are not backed by anything other than the faith of the fools who accept it as payment and of other fools who agree in turn to accept it as payment from them. The main difference is that, for the moment at least, the illusion, in the case of dollars, is more widely and more fiercely believed. All the common arguments against cryptocurrencies such as bitcoin, and the blockchain technology that undergirds them, invariably fail to take this fact — the provisional and fragile nature of ordinary money — into account. Cryptocurrencies cannot be understood even a little bit by anyone who thinks money is real, solid, or “backed by” anything other than human trust in institutions whose stability is always uncertain. A U.S. dollar is “backed by” “the full faith and credit of the United States.” But what exactly does this mean? It means that if you take one dollar to the U.S. Treasury and ask them to redeem it, they will: They’ll give you…one dollar. Or four quarters, if you want, probably. The unfortunate fact is that monetary crises in unstable governments like those of Greece, Venezuela, and Spain have already precipitated a number of spikes in the crypto markets. There are a few radical differences between cryptocurrencies and U.S. dollars. For example, the transactions conducted in the bitcoin system are recorded in an unfalsifiable ledger that relies not on the authority of banks or governments, but on the strength of a public computer network that (theoretically, at least) anyone is free to join. Also, again, the supply of bitcoins is ultimately fixed. It's difficult for people like the author to understand the concept of be your own bank because they don't want to think that that the money in their bank account is not their property, that the banks cannot go under debt. For them the idea of Bitcoin as numbers that are propagated digitally through a secure global peer-to-peer network is too much to grasp. https://medium.com/@mariabustillos/you-dont-understand-bitcoin-because-you-think-money-is-real-5aef45b8e952 Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: sclmte on December 29, 2017, 10:57:26 AM I clicked on the link and this is what he said Your right. as stated in the article, "let me clarify that Bitcoin itself is not a scam" but how Bitcoin is being sold is a scam. The scam in Bitcoin is in talking average man-on-the-street investors into investing in Bitcoin by intentionally obfuscating what it really is. I think there is someone misunderstand everything he wants to impart from that article."At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam" Lets not misquote what is said in the magazine. I am absolutely sure some will leave comments here without finding out what is said. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: coinycoiny on December 29, 2017, 10:58:26 AM Well, think that was a pretty accurate view of the current bitcon market.
Didn't even have to mention the lack of scaling/fees to prove his point either. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: eternalgloom on December 29, 2017, 10:59:06 AM That was hard to read, why do they have to put an article onto 4 different pages for Gods' sake?
I also find it very short sighted of the author that he immediately states that Bitcoin has absolutely no intrinsic value and then goes ahead to compare it to a paper $1 note. Come on, is it so difficult to even entertain the thought that Bitcoin derives at least some value out of being used as a method of exchange? He then goes on a tangent about the numbers of Bitcoin hold absolutely no value, I can't even begin to understand how you could focus on something like this, while missing what's so revolutionary about Bitcoin in the first place. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: sabrikks on December 29, 2017, 11:03:04 AM I think his statement was taken out of context, and after reading the article there is nothing really important, only clickbait title
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Red-Apple on December 29, 2017, 11:03:06 AM this is like a reminder that shows how scared they are of bitcoin!
as Andreas Antonopoulos said, bitcoin is an exit sign for everyone to get out of the corrupted currencies and the corrupted banking system. you can't expect them to remain silent while bitcoin gains more power everyday. even if they can slow it down by FUD, they will consider it a success. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Siopao on December 29, 2017, 11:11:14 AM The article didn't directly point out bitcoin as a scam. It just explained in detail how bitcoin attain its value in the market. It's quite a long read but it has very helpful information to explain bitcoin not in technical term.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: munareal on December 29, 2017, 11:19:51 AM The article did not call bitcoin a scam.What is said was that "At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam". It is a free world and we are all entitle to our opinions. As crypto users we believe in crypto currencies and it works for us. So let them say what ever .It will not make us change our mind.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: J Gambler on December 29, 2017, 11:22:55 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e I did not even bother reading the article because I have been hearing those words from the media and the people all around me almost everytime. It is important to really institute to ourselves that it is ip to us to educate people and not to just let this be Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: btcmayumana on December 29, 2017, 11:27:56 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e Jay Adkisson worried about number. Of course talking about Bockchain and Bitcoin currency are both digital, which there is nothing physical value on it. But many people trust this and involve. That's why some other people whom hates Bitcoin are worried about their business will ruined by.Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: mayax on December 29, 2017, 11:33:23 AM Well, think that was a pretty accurate view of the current bitcon market. Didn't even have to mention the lack of scaling/fees to prove his point either. Agree! Those who are blaiming the author, must read the article for 2-3 times. "The scam in Bitcoin is in talking average man-on-the-street investors into investing in Bitcoin by intentionally obfuscating what it really is, just a number, into some super-sophisticated investment by throwing out the technical verbiage that surrounds cybercurrencies, such as Blockchain technology and peer-to-peer servers." or There is also an old investment adage to the effect that "the quickest way to lose money is to invest in something which is already hot." The idea there is that the folks who are going to profit have already made their money investing, and now are just looking for suckers to unload their investment on. If someone is not brainwashed or it's not part of the cult, called BTC, then he can easy understand the whole image. :) Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Mjeramirez on December 29, 2017, 11:51:27 AM I think many people are not comfortable of the idea of change in the current monetary system, either they are mad because it will undermine their current business or they are just naive of the technology that is crypto currency. In the article, the author pointed out that BTC itself is not a scam but how it is used. I think this may have some point, should BTC really used as an investment platform like a company in the stockmarket, or should it be used to buy and sell products like an actual currency?
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: ajmapalo22 on December 29, 2017, 11:52:44 AM For almost 2 decades now they still want to believe bitcoin is a scam? How come a currency become a scam when in fact you don't need to put any amount of capital for you to earn bitcoin? I started doing signatire campaigns and earn well from this forum and never did I use any of my personal money to invest in bitcoin whatever I earn from campaigns are the one I use in holding or investment so what's the scam there? I think these people really don't have the knowledge about bitcoin
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: konfuci on December 29, 2017, 11:58:25 AM Bro. it's Jay Adkisson's Article and he clearly mentioned in his statement: let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam. More about that below.
And above all that it's just an individual's point of view which does not make any great affect to Bitcoin. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: mayax on December 29, 2017, 11:58:42 AM For almost 2 decades now they still want to believe bitcoin is a scam? How come a currency become a scam when in fact you don't need to put any amount of capital for you to earn bitcoin? I started doing signatire campaigns and earn well from this forum and never did I use any of my personal money to invest in bitcoin whatever I earn from campaigns are the one I use in holding or investment so what's the scam there? I think these people really don't have the knowledge about bitcoin you should read the article again... :) Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Images21 on December 29, 2017, 12:02:12 PM Forbes Magazine is getting a lot cheaper these days. Forbes is not anymore a reliable source of world financial information and news because it seems it has become a paid publication. This is not a neutral magazine after all. They are publishing sponsored news and articles that are not actually objective analyses and reports of events and developments around the world. They are even publishing certain crypto projects and ICOs that ended up shit.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: HasHe on December 29, 2017, 12:18:39 PM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e As already said in the beginning of the article,Opinions expressed by Forbes Contributors are their own and so,it is not the official stand of Forbes itself.Every one have different level of understanding about a new concept and the author has just understood to the level that bitcoin is just a number for which one agrees to pay a high value and accepts it has high value. Bitcoin has already proved itself clearly and even the wall street companies which once criticized bitcoin have started to enter bitcoin market,we no more need to have to discuss about the reviews of either warren buffet or such author of forbes. We could say that bitcoin is far better than USD as a currency being free from inflation and assuring its holders that it would not be devalued by any of the governments at any time. Bitcoin,the safe haven for the victims of government's inflationary currencies. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Lingqingyi on December 29, 2017, 12:42:32 PM For almost 2 decades now they still want to believe bitcoin is a scam? How come a currency become a scam when in fact you don't need to put any amount of capital for you to earn bitcoin? I started doing signatire campaigns and earn well from this forum and never did I use any of my personal money to invest in bitcoin whatever I earn from campaigns are the one I use in holding or investment so what's the scam there? I think these people really don't have the knowledge about bitcoin When they don't know bitcoin, but the price of bitcoin keeps rising, they wonder whether bitcoin is a hoax, but it's stupid.Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: willnotwas on December 29, 2017, 12:50:00 PM People just scared of changes. Like with all this yesterday Segwit2X situation. Good fork with strong technology background, but there is so much dirt around
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: francesyrus on December 29, 2017, 12:56:40 PM Nothing new to the news about bitcoin being a scam thing. Many says bitcoin is a scam but many are still interested investing on bitcoin.
Maybe there are some people that being scammed by scammers using bitcoin, like in investing or doubling up bitcoin in an easy way. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: guybrushthreepwood on December 29, 2017, 01:10:30 PM I clicked on the link and this is what he said "At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam" Lets not misquote what is said in the magazine. I am absolutely sure some will leave comments here without finding out what is said. He's hardly misquoting what the article said. The title of the very article is "The Great Bitcoin Scam" regardless, but it's obviously just an alarmist attention grabbing headline done just for clicks/views. His entire argument seems to be resting on that "Bitcoin has no intrinsic value -- it is just a number" and that anybody else can create a bitcoin so therefore it's a scam. Whilst it's certainly true that anyone can create a coin as many people (or scammers) do, I think it's far more likely that one of those sorts of coins will turn out to be a scam more than bitcoin will. Also, even if an alt coin does take over bitcoin in terms of market cap or dominance that still wouldn't make bitcoin a scam. Some quotes from the article: Quote This means that an investment in Bitcoins is purely speculative -- it is utterly no different than investing in gold, social-media stocks, or tulip bulbs. So long as the number of buyers outnumbers the sellers, the price will go up, but when the sellers outnumber the buyers the price will go down. Yeah... no shit. Quote All of this brings us to the scam element of Bitcoin. Again, as I stated at the start of this article, Bitcoin itself is not a scam. Now let me tell you what is. The scam in Bitcoin is in talking average man-on-the-street investors into investing in Bitcoin by intentionally obfuscating what it really is, just a number, into some super-sophisticated investment by throwing out the technical verbiage that surrounds cybercurrencies, such as Blockchain technology and peer-to-peer servers. These technologies actually accomplish only one critical thing, which is that they keep particular numbers peculiar to Bitcoin, but they sure sound like Star Trek level stuff. Yet, to those not familiar with these technologies, it makes Bitcoin sounds like it has a lot more worth than it really does. Well that doesn't make bitcoin a scam (if in fact people are doing this) nor does bitcoin being just a number. Quote Will Bitcoin fall? Maybe not today, tomorrow, or next week, but eventually it will fall as the novelty wears off and folks figure out that they are really just buying a number, and the number of buyers diminish. Bitcoin always falls. Then it goes up again. Rinse and repeat. This is no different than buying stocks or shares of a particular company but we're not calling Netflix or Facebook a scam. Maybe the novelty will wear off for some and the price will fall but there is no guarantee either way. I think bitcoin is here to stay for at least the next few years so the only question you should be asking yourself is do you believe in it and are you willing to invest it it. If so, just remember to only put in what you can afford to lose and enjoy the ride. Quote Will Bitcoin go away entirely? Probably not, because Bitcoin still can serve some usefulness as a unit of exchange, to the extent that it can convince merchants to accept it as currency. The caveat here is that when a bubble finally bursts, the object of the bubble usually falls into deep disrepute. Oh, so now he's thinks it isn't going to go away and has value as a unit of exchange. Not sure what the point of this article is. As others have said, maybe he just didn't buy in early and now rues the missed opportunity. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Cazemiro on December 29, 2017, 01:15:53 PM The technology is so new, that made scare the people. The time will make the BTC, and put it in the right place.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: roos on December 29, 2017, 01:17:51 PM Same old story all over.
If they find bitcoin a scam for these reasons, then they should have a closer look at stock markets. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: jeronimosuykens on December 29, 2017, 01:19:24 PM I think the writer of the article has a one-sided look at bitcoin. While many industries are adopting blockchain technology and typically bitcoin, the leading economics magazine claims that bitcoin is a scam. I do not think that a scam like bitcoin can last for so many years, I feel that the newspaper is quite funny when it comes to that.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: treer123 on December 29, 2017, 03:23:05 PM The Winklevoss twins don't agree with the author, so who is right?
Who should we believe? Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Glutius on December 29, 2017, 03:27:23 PM Forbes magazine itself carries scandalous themes. First of all, we must remember that the whole news background could always be bought. When the Crypto currency is falling, the news corresponds to these events and just the opposite. So do not believe all the news.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: mayax on December 29, 2017, 03:41:26 PM I think the writer of the article has a one-sided look at bitcoin. While many industries are adopting blockchain technology and typically bitcoin, the leading economics magazine claims that bitcoin is a scam. I do not think that a scam like bitcoin can last for so many years, I feel that the newspaper is quite funny when it comes to that. what industries adopt bitcoin? I only see big companies who dumped BTC, like Steam. :) don't make confusion between a data base (blockchain) technology and Bitcoin. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NUFCrichard on December 29, 2017, 03:43:30 PM Its really not a great arguement, he basically says it has no value because it has no value.
The dollar on the other hand has value because we all agree that it has value. Well that's the same for Bitcoin. Share prices and commodities are the same, markets decide the price. You may find the market decided price to be too high or too low, but it is what it is, it isn't a scam! Bitcoin might be overvalued, or undervalued, it isn't a scam though. It is a weird bubble too, if it is a bubble. It went crazy for a while a month ago, but now hasn't crashed. The next move will be interesting Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: fulmetal08larz on December 29, 2017, 03:44:26 PM There have been so many articles regarding bitcoin spreading negativities and FUD which results to more people getting interested and curious about bitcoin. It does not matter whether the news about bitcoin is positive or negative, I think it's due to these publicity stunts why bitcoin is gaining popularity across the world. Those who invests in bitcoin must know both sides of the coin.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: wilhb81 on December 29, 2017, 03:46:33 PM Meh, just another boring and ridiculous piece of article, wrote by a self claimed educated person who know nothing about Bitcoin. I won't be surprised, if he talks bad about Bitcoin... Better stop wasting time reading this type of b******t and move on to other more useful articles ;)
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: daniweb on December 29, 2017, 03:49:22 PM It makes sense since Forbes has the back of wealthy people who have a lot at stake in the current financial system. Of course they don't want Bitcoin to replace the old system since they would lose tremendously
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: mayax on December 29, 2017, 03:55:45 PM It makes sense since Forbes has the back of wealthy people who have a lot at stake in the current financial system. Of course they don't want Bitcoin to replace the old system since they would lose tremendously is it not the BTC media propaganda (like Coindesk, Cointelegraph and so on) , backed of wealthy people who have a lot at stake in the current BTC market? :) It's the same shit. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: stompix on December 29, 2017, 03:56:16 PM I wouldn't have wasted a few minutes if I had checked the author's bio first. Nothing new, the same old repetitive stuff, just numbers, not backed by anything/no intrinsic value, and tulip bubble. I wasted only 5 second on it. Clicking to see if the title was really the same. I checked the first paragraph and when I saw ... Quote At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam. More about that below. I immediately closed it.The Forbes magazine has no opinion of itself. Unlike other newspapers it only relies on co-authors or contributors for most of its magazine articles. And lately they choose the ones that attract attention ...clickbait. And to make thing worse, forget about Forbes. There are a lot of people on this forum who run blogs and spam the board with it that write down FUD articles for the same purpose. Hits and fame. And this while they are bitcoin holders. Just ignore them and watch a failarmy video instead of reading the "press". Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: FabZel on December 29, 2017, 03:57:35 PM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e Most of the people do not know how to use bitcoin that is why they call it a scam. At some point, bitcoin is not a scam or a hoax. You should just need to know and to learn what is bitcoin and how to use it. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: buternasek on December 29, 2017, 03:59:19 PM they are just people jealous, they make statements that drop the bitcoin ..
we will not be affected by such a cheap issue, they just do not know the bitcoin yet, someday they will regret what it says about the bit... Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: OmegaStarScream on December 29, 2017, 03:59:49 PM I stopped reading in the first page. "Bitcoin is just a number" ::) I could say the same thing for fiat, It's just a paper backed by nothing. I suggest no one read this article, you will be wasting your time.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: newinbtc on December 29, 2017, 04:02:55 PM Some rich people Aware this news like fire in market to reduce down the rate of bitcoin and then they invest large amount in bitcoin and made huge profit.This repeats everytime. we know bitcoin is not fake We use bitcoin regularly they why we are in worried ? lets Retweet on twiiter That bitcoin is not scam and We support bitcoins
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Dapper on December 29, 2017, 04:06:28 PM Scam or not it's increased my net worth by more than all of my income sources combined, so I'm happy.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on December 29, 2017, 04:12:05 PM That is too funny, he reduces bitcoin to rubble in just a few paragraphs:
“At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam. More about that below. To start out, it is important to understand what Bitcoin really is. It would be easy to bore you with a discussion of the technology, about peer-to-peer servers and sophisticated algorithms, but that is not what you need to know. What you need to know about Bitcoin is that distilled to its technological essence, each Bitcoin is simply a number. That's it: A number. It is simply a series of digits, with each number being assigned to each Bitcoin. To illustrate, I'll randomly pull a $1 bill from my wallet, which bears No. L88793293J. Assuming some minimal level of competency by the U.S. Treasury, no other bill bears that number. The face value of a $1 bill is, of course, just $1 dollar. But two people could privately agree that No. L88793293J is actually worth $5,000. To illustrate Fred wants to buy Joe's golf clubs, but Fred doesn't want his wife to know -- at least just yet -- that he spent $5,000 for golf clubs. So, Fred and Joe agree that No. L88793293J is worth $5,000 and Fred gives No. L88793293J to Joe. Fred then tells his wife that he bought the clubs for the $1 bill. At some later time, when Fred's wife doesn't care so much, Fred pays $5,000 to Joe for No. L88793293J, and gets the $1 bill back. The only difference between Bitcoin No. ABC123 and $1 Bill No. L88793293J is that at the end of the day, the $1 bill physically exists and has a face value that is worth something, i.e., Fred could take the $1 bill and buy something off the $1 menu at McDonalds. By contrast, Bitcoin has no intrinsic value -- it is just a number. The number may have an agreed value between two parties, but the number itself has no value. Consider a bank account number, such as Wells Fargo Account No. 456789. The depositor and Wells Fargo essentially agree that the account designated by No. 456789 has the value of what the depositor puts into it, less what the depositor takes out. But the number itself, No. 456789 has no value. The same situation occurs with credit card transactions, whereby the credit card processing company assigns are unique value to each transaction, but the number itself has no value.” I don’t know why you are all so upset. There is not one lie in the article. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: natka on December 29, 2017, 04:16:14 PM I'm very interested in what is fraud itself? Personally, I do not see any deception in Bitcoin. Not without that, there are certainly bad people on the sites, but you need to be careful and everything will be fine.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: dx_twisted on December 29, 2017, 04:35:48 PM The author already indicated that Bitcoin is not a scam. Instead, it was being sold more of a scam. And I have to agree with his article, as it was clearly on point. He just laid out the truth behind the business of Bitcoin or would I rather say digital currencies. In reality, majority of the general public are not really aware what was the reason behind all current events that is happening with the digital economy. 'Scammers' continue to lure unsuspecting people because of its heralded market value. As an ambitious person, there's a huge possibility that they will fall on what was handed (spoonfed) to them, as most of us would want to make a fortune out of a small value of investment. At the end of the day, these so called 'Scammers' are getting physical money, with a stable value that you can hold and control for a long period of time while the price stays the same. Wherein, Bitcoin is just an infinite number created from a source code with no assurance or stable price which one day might be diminished.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on December 29, 2017, 04:45:23 PM The author already indicated that Bitcoin is not a scam. Instead, it was being sold more of a scam. And I have to agree with his article, as it was clearly on point. He just laid out the truth behind the business of Bitcoin or would I rather say digital currencies. In reality, majority of the general public are not really aware what was the reason behind all current events that is happening with the digital economy. 'Scammers' continue to lure unsuspecting people because of its heralded market value. As an ambitious person, there's a huge possibility that they will fall on what was handed (spoonfed) to them, as most of us would want to make a fortune out of a small value of investment. At the end of the day, these so called 'Scammers' are getting physical money, with a stable value that you can hold and control for a long period of time while the price stays the same. Wherein, Bitcoin is just an infinite number created from a source code with no assurance or stable price which one day might be diminished. Exactly right! I was wondering if someone was going to give an honest appraisal of the article instead of just doing what the Legendary staff members want people to do and: “suggest no one read this article, you will be wasting your time.” I would be embarrassed to be a supposedly respected staff member of this forum and give that kind of self serving advice to forum visitors. Shame on you. Let people find out for themselves. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: LeGaulois on December 29, 2017, 04:47:02 PM It makes sense since Forbes has the back of wealthy people who have a lot at stake in the current financial system. Of course they don't want Bitcoin to replace the old system since they would lose tremendously Nah... it's just this author. For a long time now Forbes is covering the Bitcoin topic with some really great articles by authors with a lot of knowledge such as Roger Aitken and Laura Shin see here https://www.forbes.com/search/?q=bitcoin#2977265f279f The author in the OP is just a jealous dude and has the interest to talk bad about Bitcoin ( i think it's his only article about BTC) https://image.prntscr.com/image/YwTT-cjJTx2Kv2Q7DEEIig.png Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: mayax on December 29, 2017, 09:42:07 PM The author already indicated that Bitcoin is not a scam. Instead, it was being sold more of a scam. And I have to agree with his article, as it was clearly on point. He just laid out the truth behind the business of Bitcoin or would I rather say digital currencies. In reality, majority of the general public are not really aware what was the reason behind all current events that is happening with the digital economy. 'Scammers' continue to lure unsuspecting people because of its heralded market value. As an ambitious person, there's a huge possibility that they will fall on what was handed (spoonfed) to them, as most of us would want to make a fortune out of a small value of investment. At the end of the day, these so called 'Scammers' are getting physical money, with a stable value that you can hold and control for a long period of time while the price stays the same. Wherein, Bitcoin is just an infinite number created from a source code with no assurance or stable price which one day might be diminished. Exactly right! I was wondering if someone was going to give an honest appraisal of the article instead of just doing what the Legendary staff members want people to do and: “suggest no one read this article, you will be wasting your time.” I would be embarrassed to be a supposedly respected staff member of this forum and give that kind of self serving advice to forum visitors. Shame on you. Let people find out for themselves. it seams that they want to create a cult called, BTC. you cannot say anything with a relative negativity against BTC because you are called, FUD-er, troll and so on.... :) this article has common sense and it says the truth. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: MrJake on December 29, 2017, 09:58:30 PM Actually, i do prefer to let them create that kind of stereotype about BTC because these people are the ones who complicates regulations too much and would likely to create problems. Let people who have open mind maximize BTC.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Haterstestbtc on December 29, 2017, 10:18:31 PM Actually, i do prefer to let them create that kind of stereotype about BTC because these people are the ones who complicates regulations too much and would likely to create problems. Let people who have open mind maximize BTC. Yeah! you are correct mate. But for me and the entire bitcoin community is just a blackpropaganda to convince people not to join in bitcoin. Criticism is always there and they only thing you is nevermind because you will gain nothing. One thing i can say in this kind of people they are envious. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on December 30, 2017, 02:07:21 PM It makes sense since Forbes has the back of wealthy people who have a lot at stake in the current financial system. Of course they don't want Bitcoin to replace the old system since they would lose tremendously You sure about that? Some citing please? Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Chrystora123 on December 30, 2017, 02:33:21 PM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e the article I think is just an expression of heartache someone who suffered a loss, the author has the right to say anything...the most important I already feel the benefits of Bitcoin :D :D Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: btcminer6212 on December 30, 2017, 02:37:09 PM Actually, i do prefer to let them create that kind of stereotype about BTC because these people are the ones who complicates regulations too much and would likely to create problems. Let people who have open mind maximize BTC. Yeah! you are correct mate. But for me and the entire bitcoin community is just a blackpropaganda to convince people not to join in bitcoin. Criticism is always there and they only thing you is nevermind because you will gain nothing. One thing i can say in this kind of people they are envious. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: btcblockchain on December 30, 2017, 02:53:07 PM International magazines keep saying the same Bitcoin scam and many govt gave notice to bitcoin warnings if bitcoin reach 1 million dollars then also they will say it is scam
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Argoo on December 30, 2017, 03:35:11 PM Bitcoin because of its high price, which is based only on the speculative speculative demand for it, can be called a financial bubble, but not fraud. In bitcoin, there is no deception, so there is no fraud here. Bitcoin is based on real advanced technologies, it is a really existing digital currency, which is recognized as a measure of value and means of payment by many countries.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on December 30, 2017, 03:43:05 PM International magazines keep saying the same Bitcoin scam and many govt gave notice to bitcoin warnings if bitcoin reach 1 million dollars then also they will say it is scam Does anyone on this forum actually know how to read? The author says, in plain language, that bitcoin is NOT a scam. The way bitcoin is being marketed is the scam. The author postulates that people (like the cheerleaders on this forum and elsewhere) are presenting this computer generated number as if it has some intrinsic value. That is the scam because it’s simply not true. Cheerleaders on this forum would have you believe that the US dollar is not backed by anything either and that is simply not true. The US dollar is backed by consumer confidence in a government with the largest military infrastructure in the world that is willing to fight to ensure its survival. Bitcoin is backed by the belief that no one will change bitcoin at some point in the future to have more than 21m coins (which may or may not be true). They tell you that scarcity creates value. If scarcity creates value then let me sell you some of my belly button lint. It’s pretty scarce so it must be priceless. His argument is: If you don’t fall for the “short supply makes it valuable” argument then bitcoin is just a number like any other number. It has no value. I don’t know how to make it any more clear for you people. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: sofi@ on December 30, 2017, 03:54:10 PM Bitcoin is not a scam but the way people use it is something developers cannot control like the promotions of mining site which do not really give bitcoin they will ask you to upgrade your system but after buying their so called equipment you will receive nothing. This is just a sample of scam that involves bitcoin and I'm sure there are more illegal activities that uses the name of bitcoin. They are right bitcoin is not a scam only the way it is being marketed.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: jjacob on December 30, 2017, 04:00:31 PM International magazines keep saying the same Bitcoin scam and many govt gave notice to bitcoin warnings if bitcoin reach 1 million dollars then also they will say it is scam Does anyone on this forum actually know how to read? The author says, in plain language, that bitcoin is NOT a scam. The way bitcoin is being marketed is the scam. The author postulates that people (like the cheerleaders on this forum and elsewhere) are presenting this computer generated number as if it has some intrinsic value. That is the scam because it’s simply not true. Cheerleaders on this forum would have you believe that the US dollar is not backed by anything either and that is simply not true. The US dollar is backed by consumer confidence in a government with the largest military infrastructure in the world that is willing to fight to ensure its survival. Bitcoin is backed by the belief that no one will change bitcoin at some point in the future to have more than 21m coins (which may or may not be true). They tell you that scarcity creates value. If scarcity creates value then let me sell you some of my belly button lint. It’s pretty scarce so it must be priceless. His argument is: If you don’t fall for the “short supply makes it valuable” argument then bitcoin is just a number like any other number. It has no value. I don’t know how to make it any more clear for you people. The article title is nothing but click bait. Bitcoin in its current form is something which every individual can analyze and evaluate. If the way Bitcoin cheerleaders are marketing it is a scam, so is the way the detractors like Jamie Dimon go about disparaging it. The media unfortunately highlights only the extreme views of both sides. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: maianh09 on December 30, 2017, 04:07:24 PM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e I think this is what the profit bitcoin brings so crazy there is not anything that can be done besides ponzi so calling bitcoin is great scam is reason. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on December 30, 2017, 04:24:22 PM International magazines keep saying the same Bitcoin scam and many govt gave notice to bitcoin warnings if bitcoin reach 1 million dollars then also they will say it is scam Does anyone on this forum actually know how to read? The author says, in plain language, that bitcoin is NOT a scam. The way bitcoin is being marketed is the scam. The author postulates that people (like the cheerleaders on this forum and elsewhere) are presenting this computer generated number as if it has some intrinsic value. That is the scam because it’s simply not true. Cheerleaders on this forum would have you believe that the US dollar is not backed by anything either and that is simply not true. The US dollar is backed by consumer confidence in a government with the largest military infrastructure in the world that is willing to fight to ensure its survival. Bitcoin is backed by the belief that no one will change bitcoin at some point in the future to have more than 21m coins (which may or may not be true). They tell you that scarcity creates value. If scarcity creates value then let me sell you some of my belly button lint. It’s pretty scarce so it must be priceless. His argument is: If you don’t fall for the “short supply makes it valuable” argument then bitcoin is just a number like any other number. It has no value. I don’t know how to make it any more clear for you people. The article title is nothing but click bait. Bitcoin in its current form is something which every individual can analyze and evaluate. If the way Bitcoin cheerleaders are marketing it is a scam, so is the way the detractors like Jamie Dimon go about disparaging it. The media unfortunately highlights only the extreme views of both sides. Of course it’s click bait BUT if the article was talking about “The Great Bitcoin Scam” and it was about how evil Butterfly Labs was or what a scumbag Mark Karpeles was everyone would cheer the author for his insight. All of these idiot sig campaigners are not even reading the article and commenting on it so they can earn a little beer money. At least attempt to read it before you comment is all I’m sayin. Earn your beer money. Either that or they have the comprehension skills of a 10 year old. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Scorpion on December 30, 2017, 04:26:11 PM I don't even know how these uneducated fools are able to claim they're journalist or experts at anything oh well, they're going to be lost when blockchain disrupts every industry and way of life to make humanity better.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: crisnel26 on December 30, 2017, 04:35:39 PM Well most of banked based systems say that bitcoin is a scam because it will affect their business once bitcoin established its name in the whole world.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: cryptonomicon25 on December 30, 2017, 05:22:41 PM People have been calling bitcoin a scam at worst and a bubble at best since it was released. It's definitely not a scam, and I don't believe it's a bubble either. Unlike many other altcoins where the price is simply speculative, bitcoin is traded against in exchanges millions of times a day and is accepted by real-world merchants, which gives it value.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: coinycoiny on December 30, 2017, 05:27:30 PM ....and I don't believe it's a bubble either. Unlike many other altcoins where the price is simply speculative, bitcoin is traded against in exchanges millions of times a day and is accepted by real-world merchants, which gives it value. Bitcoin is purely speculative. It's only bought because people think they can sell for more later. That's it. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: cryptonomicon25 on December 30, 2017, 06:41:37 PM ....and I don't believe it's a bubble either. Unlike many other altcoins where the price is simply speculative, bitcoin is traded against in exchanges millions of times a day and is accepted by real-world merchants, which gives it value. Bitcoin is purely speculative. It's only bought because people think they can sell for more later. That's it. For some people yes, they are only buying for the investment. But there are many businesses who accept bitcoin in everyday transactions as an alternative to fiat. It is not purely speculative, though its speculative value is higher than its value as an actual currency. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Don Pedro Dinero on December 30, 2017, 06:50:32 PM Forbes Magazine calls Bitcoin a "Great Scam" https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e I think the subject of this post is quite baity because it is an article written where the author expresses his opinions and we can see at the top: "Opinions expressed by Forbes Contributors are their own." So it isn't Forbes actually saying it is a Great Scam. Forbes recently published also this one: https://www.forbes.com/sites/ktorpey/2017/12/28/will-bitcoins-lightning-network-kill-off-altcoins-focused-on-cheap-transactions/3/# where the author seems to know about bitcoin (unlike the first one). So, better think twice before putting those headings and not commenting anything else. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Kemarit on December 30, 2017, 07:03:18 PM ....and I don't believe it's a bubble either. Unlike many other altcoins where the price is simply speculative, bitcoin is traded against in exchanges millions of times a day and is accepted by real-world merchants, which gives it value. Bitcoin is purely speculative. It's only bought because people think they can sell for more later. That's it. For some people yes, they are only buying for the investment. But there are many businesses who accept bitcoin in everyday transactions as an alternative to fiat. It is not purely speculative, though its speculative value is higher than its value as an actual currency. I skipped reading page 4 because I already got his point: 1. Bitcoin is based on speculation 2. Bitcoin can be manipulated But I don't know where is the scam in there? And his analogy is very crappy as well. I'm not familiar with the author but just like any other written articles out there. Most of the time they are all garbage and just riding on the popularity of bitcoin to write something that sometimes is doesn't really make sense at all. And Yes, I(WE) understand his point no need to rub it in. That's why we almost reminded newbies who is opening thread asking advises about what bitcoin is and we told them the truth. Its not a quick rich scheme, the market is speculative and there are big entities from behind who manipulates the price, which are the whales. Nothing that I can found in the articles that we haven't already know. What a complete rubbish article if you are going to ask me. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Johndamba21 on December 30, 2017, 07:07:24 PM I feel like that article comes from the great misunderstandings all of the old major projects such as PAYPAL and the CREDIT CARD have brought in in terms of skepticism. Majority of all the new projects under the world's belt have come under skepticism, and you can see some of those projects actually flourishing.
You may never really know if they were right, or vice versa, we all just have to wait and see :) Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Mike Mayor on December 30, 2017, 07:32:45 PM If you read the article the first line says he wants to make it clear he is not saying bitcoin is a scam and that the way it's sold is. Which is a load of crap. He basically goes on to eject more crap from his mouth then actually explains why Bitcoin has value whilst at the same time claiming is has none. Also claims Bank ransactions are not real with real value yet supports it then says the same about Bitcoin but doesn't support it. A highschool child with no knowledge of Bitcoin could have made better articles.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: TeLlMeFrY on December 30, 2017, 07:48:18 PM Everyday are released more and more articles saying that BTC and crypto is scam or things like that. However, they are made for people that don´t know what they are talking about or just want to destroy crypto for any reason, so you shouldnt be worried.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: rickn on December 30, 2017, 07:49:23 PM The BTC will never be unanimous as well as any other risky investments, like Stocks, Forex and Options.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on December 31, 2017, 07:16:52 AM I don't think BTC is a "great scam" but I think it is similar to a ponzi in the sense that minority controls the majority of assets and controls the market as well.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Juggy777 on December 31, 2017, 07:44:05 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e Forbes who? Look what happened to out favorite Jamie, he's so lost and confused now doesn't even speak about Bitcoins anymore, Jp Morgan came out in support of Bitcoin than him, so honestly I don't really care about Forbes, they were great but now they are just another magazine. Who even reads it now these day's, so it's just for another publicity stunt, I don't really read much into it, ignore them no need to give them any publicity. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: boakyei on December 31, 2017, 08:20:44 AM Investment bankers from top banks are all doing anything possible to bring bitcoins down , More people investing in bitcoins means their profit and revenue in the banks will be reducing. Why wont they be publishing scandalous work on bitcoins to discourage new entrants.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: audrey12 on December 31, 2017, 08:26:56 AM Forbes did not point out that bitcoin is really a scam it only says that a lot of pinzi scheme has been developed and involve bitcoin in marketing them. Bitcoin is not made to control the currency we are having or tolerate illegal activities it is just that the technology it uses has been abuse by people who wants to take advantage to other people. I hope someday the issue will be settle so that crypto community will remain in the market
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: eann014 on December 31, 2017, 08:30:49 AM That is a wrong thinking of some people who doesn't believe in the potential of bitcoin. They are regreting that they don't buy bitcoin before, they believe that is a scam just like my aunt thinking before, but mow she already have a bitcoin and now earning.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Crypto-2X on December 31, 2017, 08:42:35 AM Actually we don't care about it at all because they can say anything they can write anything.
So just do the right think you want. That's it. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: josephinerosdy on December 31, 2017, 08:58:39 AM whatever he wrote, it was just his opinion, still many people believe potential of bitcoin.
many articles like that just make people afraid to try buy cryptocurrency afraid to invest in crypto. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: dreamer81 on December 31, 2017, 09:02:13 AM Forbes writes articles for the banks, we all know that. Dont believe everything you read. I can write an article that is called "banks is a great scam", would that make it correct no. Forbes is no more respected than any gossip magazine
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: batman12345 on December 31, 2017, 09:30:53 AM Many famous people have spoken negatively about bitcoin, but so many people say positive things. No one knows what will happen, time will tell. before the famous bitcoin, everyone says it's a coin this is a scam. since public confidence has increased about the concept and use of bitcoin. then many say bitcoin is legit. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Spoetnik on December 31, 2017, 09:43:21 AM They are made by mad peoples who are jealous of other peoples who have gain wealth using bitcoin while they don't have any, they want to crash bitcoin price so that they can affort it. So don't listen to any mad peoples, only sell or buy your bitcoin when you see profit and not what mad peoples say. Profiteers can not see ideology or even basic functionality. The investarded can't see nor have any interest in what the thing is or how it works or how *well it works. They see pointless tokens that can make them FIAT profits. MLM scammers wet dream. In the 80's i seen the water filter scam goin' around and in the 90's seen it on the TV show "King of Queens". 90% of you have no clue what a scam is. You think if someone out there is profiting from the scheme then it's legit. This is "crypto".. Did i make profit ? ..then it's legit. Did i lose money ? ..scam. That's it.. there is nothing more to it than that. HOW something actually works is irrelevant to you all. Oh and the Washington Post and others posted similar stories up to 5 years ago too.. nothing new. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: icoDealDeckcom on December 31, 2017, 09:54:42 AM Forbes writes articles for the banks, we all know that. Dont believe everything you read. I can write an article that is called "banks is a great scam", would that make it correct no. Forbes is no more respected than any gossip magazine "Do not believe everything you read and only half of what you see" Columbo. If something (coins, tulips, etc.) and be traded for something else (coins, tulips, etc.) and there is a mutual exchange of value, is that a scam? Crowd Think: Winning=Good Investment / Losing=Scam Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Low Sigma on December 31, 2017, 10:08:59 AM The purpose of the article writers is to attract readers, of course he will use a catchy headline.
Just mind your own business, make money and ignore the ignorants. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: KingScorpio on December 31, 2017, 10:13:20 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e forbes magazine is a great scam of the federal reserve, that scams everybody in america same shit is in europe (bafin in germany in particular) they scam everyone. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Calligiato on December 31, 2017, 10:15:27 AM We will soon see what the great scam is. Crypto Currency or the world you built on banks and corruption. BTC/Crypto and GOLD will rule you all !
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: batman12345 on December 31, 2017, 11:57:42 AM so you know banker can print as they like.. if you work for money , banker will print money for you just a few second.. surprised?? but bitcoin supply limit 21 million in this world. no more no less. so you know who is scam the banker or bitcoin??
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Malsetid on December 31, 2017, 06:08:51 PM We will soon see what the great scam is. Crypto Currency or the world you built on banks and corruption. BTC/Crypto and GOLD will rule you all ! Person who wrote the article possibly hasn't done any research to come up with such an inaccurate story. Bitcoin or cryprtocurrencies, is far from.being a scam. I'm only hearing this from tbose that doesn't know how.the crypto market works Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: elie_s on December 31, 2017, 06:27:22 PM People will always doubt wat they can see
They think since bitcoin can t be touched like real money it's fake Well let them fight it soon theybwill join the btc world Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Anti-Cen on December 31, 2017, 06:39:59 PM Did Forbes mention the mega high transactions fees or do they just want punters to move along and
play on the other slot machines and remain unaware about the fees for moving BTC that we have been hot with. I think we are being played when the elephant in the room is fees Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: jasonmattson on December 31, 2017, 09:26:19 PM Haha This is normal case and a few years ago many news portal and news paper blame about bitcoin so what btc down ? no when its down its always go back ow position bcz btc demand and supply gap is the main reason . no one can pause it its a vice versa
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: iram1011 on December 31, 2017, 11:45:14 PM First of all, title subject seems to be misleading here as at no point Forbes Magazine identifies "Bitcoin as a Great Scam", it is only that one of their contributor identifies it as a "Great Scam".
I think he is unable to understand the ethics of modern day currency and cannot see the necessity of a currency which is independent of the government and unties the whole world. If you want to mock down a technology without even understanding about it that is you’re take, but there would be less or no effect on bitcoin community by such "Scam" talks which are only purposed for publicity. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: denzkilim on January 01, 2018, 01:25:55 AM Did Forbes mention the mega high transactions fees or do they just want punters to move along and play on the other slot machines and remain unaware about the fees for moving BTC that we have been hot with. I think we are being played when the elephant in the room is fees They're just spreading FUD to make the price low so that they're whale bosses can buy at lower price, This is a very cheap tactic that let the whales buy for lower prices. Remember we are in the "digital currency" era expect money wars in a very usual but unusual way(if you know what i mean). 8) Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: johnrickdalaygon on January 01, 2018, 01:32:17 AM Sad to hear :-[ But for me bitcoins is not a scam it is like a fiat that can also been used in bad or good even it was a scam. It also depends on how to used it, people overused the good benefits of a bitcoins. Bitcoins is not a scam it will depends on the people on how they used it.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: tot-o on January 01, 2018, 02:11:48 AM Bitcoin issue?
Haha that there problem..... Anyone can make issue to a thing that is worthwhile discriminating or let's say to talk about it... Don't mind them... Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Indrawan77 on January 01, 2018, 02:24:56 AM Well it's not entire false, but I already heard this concern long time ago and nothing can be do about it, crypto currencies will stay famous and valuable if the people keep using it and it's true that bitcoin and other coins are high risk investment, but to call it scam or ponzi scheme is something I don't like, some people failed to understand that bitcoin is a currency, it is never intended for investment
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: kuberayt on January 01, 2018, 02:40:49 AM Obviously the author of that article has a paid agenda, but then again we need to take a calm approach at it. Not everything in it is bad, but obviously malinformed. Now a lot of people will complain that they're losing money during a pullback, but this is the time that we need to believe in this the most.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: cozk on January 01, 2018, 02:47:48 AM Quote So, Bitcoin may be limited to 21 million numbers, but that doesn't mean that somebody else can't come up with a similar algorithm and thereby create their own unique set of numbers, i.e., their own cybercurrency. There would still be 21 mil. bitcoins. Who care if there is other currencies ? Last i heard the wasnt only the USD on the financial markets. This article does not make any sense... Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: batang_bitcoin on January 01, 2018, 02:50:32 AM Obviously the author of that article has a paid agenda Most likely a paid article that wants to spread people another FUD. They want to use forbes in this case since it was a well "trusted" agency and a very popular magazine worldwide. They shouldn't take this type of paid article but it only shows that they are only for the profit without criteria of checking on what the article's intention for the attacked topic/entity.Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Spoetnik on January 01, 2018, 04:06:07 AM Did Forbes mention the mega high transactions fees or do they just want punters to move along and play on the other slot machines and remain unaware about the fees for moving BTC that we have been hot with. I think we are being played when the elephant in the room is fees They're just spreading FUD to make the price low so that they're whale bosses can buy at lower price, This is a very cheap tactic that let the whales buy for lower prices. Remember we are in the "digital currency" era expect money wars in a very usual but unusual way(if you know what i mean). 8) Actually the tactic is to cry FUD.. for bucks (real bucks) You all have been doing it since day one here. None of you addressed what was actually said.. you just posted ponzi rhetoric. You know people call things scams because of HOW they work. None of you are addressing that. You ignore the assertion and play an unrelated irrelevant cliche'd retort. Probably because you can't think of any type of relevant defense. All you need to do is look at the context. This forum ! A forum that permits scams and 1.5 million accounts (many part of puppet farms) all bullshiting to make real cash money FIAT profits. ..off of anything that is paying out. Why would Forbes matter ? Because it's outside the ShitcoinTalk echo chamber of greedy idiotic little profiteer investard pieces of shit's crypto propaganda. You think the loser noobs here and old school sleaze balls are going to admit to any criticism ? Think they will validate "FUD" ? no matter how much it's deserved ? Ohhhh hell no. When a broken currency hits 15 fucking grand and it doesn't even work like one i have to laugh till i fucking puke. A real "investor" would see the product itself is complete dog shit and walk away. Ohh not you fucking morons. LOL You pile on pushing the price more and more cheering like idiots. I like Bitcoin. I can't stand all of you. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Wyne on January 01, 2018, 04:10:06 AM what else is new? Yes, I agree with you. Maybe, Jay Adkisson do not know the history and concept of money. Before, people uses gold bars as what Aristotle said that only rare earth metals can be use as money for transaction because you can divide it into smaller pieces or you can form or mold it into a bigger one. So, everybody can also write an article stating that a dollar is a scam because it do not contain any rare metal and do not have intrinsic value. But the concept of money changes as the time goes by, according to Plato, anything can be consider as money even it has no intrinsic value as long as it was agreed and accept by the people as the mode of transaction. Meaning flat money do not have value unless it was agreed and accept by the people. With the same concept, bitcoin do not have value unless it was accept and agreed to use by the people. That is why bitcoin mining was introduced and that is why blockchain is important. Without prior understanding of how bitcoin works, judging it as a scam is really easy. But if you will study and understand how it works and its concept, people will gain a better and broader understanding about bitcoin. Maybe Jay Adkisson need to study first the concept of money prior to writing any article like this. reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: boboking on January 01, 2018, 04:29:48 AM what else is new? reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! Yes, their usual title will be calling it a scam and lazy people will assume that it is a scam sinve they will not read the whole article. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Futurm on January 01, 2018, 04:31:55 AM Isn't that normal? In the years since I know bitcoin, almost every year there have been media claims that bitcoin is a hoax, and this year is no exception, hh, these fools.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: poplolnman on January 01, 2018, 05:32:46 AM Quote So, Bitcoin may be limited to 21 million numbers, but that doesn't mean that somebody else can't come up with a similar algorithm and thereby create their own unique set of numbers, i.e., their own cybercurrency. There would still be 21 mil. bitcoins. Who care if there is other currencies ? Last i heard the wasnt only the USD on the financial markets. This article does not make any sense... Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Clegive8V on January 01, 2018, 09:07:16 AM https://www.forbes.com/sites/jayadkisson/2017/12/28/the-great-bitcoin-scam/#1c08edf75c1e Sounds like this down after bitcoin save it first place in 2017. all just say it is bubble and real price for it is only about 1000$. No one say bitcoin is scam for it technology. Keep this comment for the future. Within several years, you will find this magazine opens the door to dollar financing or uses it as part of a promotional campaign. Forbes Magazine calls Bitcoin a "Great technology" 2024 so Great Scam to bubble to Great technology Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: rachelia13 on January 03, 2018, 01:09:09 PM The article is too long and quite boring to read, using many weird metaphores that may not able to be into my head.
But still, i kinda know his point. He doesn't mean that bitcoin is a scam, because of course it's not. He means that bitcoin is actually doesn't have value at all. Bitcoin is just a number, it has no value at all. Moreover it doesn't have a shape. Unlike the $1 bill that has shape, and surely has its value. But still, he doesn't know the advantages of bitcoin yet that's why he still say those useless things. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: heureca on January 03, 2018, 01:17:31 PM what else is new? reading the article it is not exactly calling bitcoin scam, it even starts with "bitcoin itself is not scam". but continues to make it look like shit! the author of the article, Jay Adkisson, is either the least educated person in the world or purposefully tries to undermine the technology. i can write an article saying Dollar is a scam because it is a piece of paper and compare it with coins made of gold and say because gold has intrinsic value, dollar is a big scam. that is exactly what he did there. he doesn't understand how the cryptography of bitcoin works and how the amounts in circulation are all accounted for. and compares it with random numbers! Yeah, I agree with you. In my mind the author of this article do not understand blockchain technology and see price speculations only Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Man21 on January 03, 2018, 01:22:55 PM They are made by mad peoples who are jealous of other peoples who have gain wealth using bitcoin while they don't have any, they want to crash bitcoin price so that they can affort it. So don't listen to any mad peoples, only sell or buy your bitcoin when you see profit and not what mad peoples say. Yes. They are just crazy people who make bad news. I think you are right that they are jealous. Eventhough there are so many bad news about bitcoin, i will always invest on it. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: BitChief on January 03, 2018, 01:51:13 PM Isn't that normal? In the years since I know bitcoin, almost every year there have been media claims that bitcoin is a hoax, and this year is no exception, hh, these fools. I agree, nothing to see here. Just the usual mainstream media talk down Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on January 03, 2018, 02:21:00 PM The article is too long and quite boring to read, using many weird metaphores that may not able to be into my head. But still, i kinda know his point. He doesn't mean that bitcoin is a scam, because of course it's not. He means that bitcoin is actually doesn't have value at all. Bitcoin is just a number, it has no value at all. Moreover it doesn't have a shape. Unlike the $1 bill that has shape, and surely has its value. But still, he doesn't know the advantages of bitcoin yet that's why he still say those useless things. For someone that supposedly doesn’t understand, you came closer than anyone else in this thread. Bravo! The reason he is is saying those things is to warn people. Think of it this way, Wall Street investing isn’t a scam. The way the Bernie Madoffs of Wall Street sell the investments is a scam. If you look at all of the crooked pitch men of Wall Street it’s enough to make you never want to invest in their schemes. Wall Street investing isn’t really worth all that much to the average investor anyway and the risk is way too high for something with very little value. Same with all of the scams in bitcoinland. If you look at all of the crooked pitch men in bitcoinland it’s enough to make you never want to invest in their schemes. Bitcoin investing isn’t really worth all that much to the average investor anyway and the risk is way too high for something with very little value. The last thing he said is, “So, if you find the idea of thinking of Bitcoin as simply a number is too simplistic, then just think of it as a money bag with a lock, the internet version of this. Money goes from transmittor to transmittee, and the transmittee gets a unique code to unlock the bag. What's that really worth?” Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Mandoy on January 03, 2018, 02:32:57 PM Forbes Magazine can call bitcoin anything they want. They can call bitcoin a scam, a bubble a fraudulent investment and many more negative accusations. But, we the bitcoin enthusiasts who have been engaging in bitcoin for a long time have known the truth. If bitcoin is a scam we are not enjoying huge profits today. And if bitcoin is a scam then it was already a goner years before.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on January 15, 2018, 02:46:26 PM Bitcoin has been pumped though in an unregulated market, so it isn't exactly a scam, but isn't exactly as legitimate as other currencies and/or commodities.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: NiceSoft12 on January 16, 2018, 09:24:48 PM Bitcoin was pumped, and now being dumped
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Chopper99999 on January 16, 2018, 09:42:53 PM Because it's something new and exciting that they can't and don't understand. All they understand is power and greed and blockchain removes that power from those that have it.
You didn't think that it would be that easy to remove something that is the very foundation of society did you? Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: LouisVuitton on January 16, 2018, 09:59:53 PM Bitcoin is not a scam
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: zarados on January 16, 2018, 10:13:36 PM this is like a reminder that shows how scared they are of bitcoin! as Andreas Antonopoulos said, bitcoin is an exit sign for everyone to get out of the corrupted currencies and the corrupted banking system. you can't expect them to remain silent while bitcoin gains more power everyday. even if they can slow it down by FUD, they will consider it a success. Exactly, there are many people who do not realize that they are actually being tricked with their own money. Very low savings interest, monthly administration fees, network limitations, and interest on loans over single digits. This is what makes banking companies always reap a very high profit every year. Bitcoin offers something better than that, it just takes time for people to realize it. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: gregall on January 16, 2018, 10:17:10 PM Ironically forbes also asks to interview CEO's of crypto companies lol. There is always an agenda being run. Don't forget that
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: batman12345 on January 17, 2018, 01:41:45 PM People will always doubt wat they can see They think since bitcoin can t be touched like real money it's fake Well let them fight it soon theybwill join the btc world in my opion i dont trust forbes anymore. many information what i read on internet were propaganda. so before i belive what people post on internet, we must ask the question what they write.. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: teejaymuna on January 17, 2018, 01:44:12 PM This article is only trying to make BTC look like a scam. I'm not paying any attention to it.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: bitfools on January 17, 2018, 01:49:32 PM This article is only trying to make BTC look like a scam. I'm not paying any attention to it. It's NOT BTC that is the scam, its the community of criminals that make BTC the scam that it is, take out the human element and BTC would be ok :) +90% of the people involved in BTC are 100% criminal minded Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Zenifir on January 17, 2018, 01:55:01 PM Media doesn't understand the full potential of technology
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: Carlsen on January 17, 2018, 02:02:01 PM From how I read that article, the writer only calls a scam what is known as a pump and dump sceme.
And that is something that happend to the whole field of crypto currencies many times. To bitcoin itself, he says that it has 'usefulness as a unit of exchange'. Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: QuestionAuthority on January 17, 2018, 08:26:20 PM It can’t be a “great scam” because everyone thinks it’s a scam. Bernie Madoff ran a “Great Scam”. It was around almost 30 years and everyone though it was legit. If bitcoin is a scam it’s a shitty scam because too many people recognized it too quick.
Title: Re: Forbes Magazine calls Bitcoin a "Great Scam" Post by: fanbeila on January 17, 2018, 11:50:48 PM Actually it's not forbes magazine itself and it's just a post from a writer.So,don't mislead the community.Bitcoin has already faced many criticisms earlier and neither bitcoin,nor bitcoin holders would bother such statements against bitcoin.It would make no difference in the bitcoin market.
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