Bitcoin Forum

Bitcoin is scam, Generated out of thin air while US dollar generated out of Gold

Bitcoin is scam, Generated out of thin air while US dollar generated out of Gold as according to Donald Trump. Will you vote Donald Trump in upcoming election? However there is too much electricity consumed mining BTCitcoin while electricity not required to mine the United States dollar. Actually it is generated just out of thin air.

US dollar generated out of Gold? Mate, you're like literally 50 years late now. I introduce to you, President Richard Nixon: https://en.wikipedia.org/wiki/Gold_standard

This is 2021 mate and elected president Biden is already sitted in the White House, Election is way over far too long ago and it had nothing to do with Bitcoin whatsoever.

https://i.ibb.co/THyQqD6/20210522-162029.jpg

US treasury print USD at will. Who knows it actually has that much gold. Government can lie.
Bitcoin is totally decentralized, transparent and has low fixed supply.
I would prefer btc over usd anytime.

The government hate what ever they can not control and what doesn't bring taxe to them, fiat is owned and control by the government while bitcoin has no centre control, now you see why the government were looking for Satoshi after he created bitcoin, they wanted a source to control.

haha scam whose value has surpassed the threshold of potential, it must be said that Bitcoin is the most valuable digital asset to invest in today, and the profit margin is extremely large. I will not vote or support Mr Trump next year.

I think Satoshi has a lot of connection in the government because he/they knew what will be coming to them after they released Bitcoin in the public that's why they're wiser than them to disappear already without any footprints left to where they are nowadays.

And it seems that the government like to create more fiat out of thin air without worrying the inflation coming in the future. And for someone like Donald Trump who doesn't understand nor know about what is Bitcoin, I would say that he's too arrogant or might be a self-centered human being who doesn't care that much about their fellow people.

Non english?  Bad bot?  or drugs?   You decide people !

http://www.sherv.net/cm/emo/laughing/crying-laughter-smiley-emoticon.gif (http://www.sherv.net/)
Um, the US dollar has not been based on gold ever since Nixon took us off the gold standard Aug 15, 1971 (https://www.google.com/search?client=firefox-b-1-d&q=when+did+us+leave+gold+standard) Just shows yet again why a certain jackass ''got fired'.

bitcoin is a scam, because it is generated from thin air, I think this is a bad question, because gold is also produced from thin air, and consumes energy, I think the government really wants to stop bitcoin, because the government can't control bitcoin, that's why the government is posting things negative about bitcoin.. I really believe if the government can control bitcoin, the government will definitely sit idly by, and will not post negative things about bitcoin..

Some people hate bitcoin, including you, of course, you will always think Bitcoin is a scam and useless. You are not trying to find the advantages and benefits of this future digital asset. You're just looking for weaknesses.
Don't assume US Dollars don't use up energy either, US Dollars are made from gold, while Gold also needs to be mined and requires even more energy.

Some people or governments hate bitcoin because bitcoin cannot be fully regulated by them.

lol, the Irony.

this thread would have been better if OP posted a better argument than this and it is Ironic for OP to cry "scam" while posting an ANN thread for a "project" and trying to deceive people with fake teams. not only the dollar is not backed by gold for a long time

Lol the dude is outdated even his donation signature says the same well I guess he created the signature in 2010 when the value of bitcoin was $ 0.0008 before it went on to hit $0.08 in the same year.

He needs to be educated.

What election is Trump going to run? I mean what position in the government is he going to stand? Well, he's forgetting that there's starting to be a lot of bitcoin people in the US so if ever he's going to run for any position in a place or local or again in the presidential election.

He's not going to get any support from the bitcoin community. I think this stance of his is just another publicity and soon we'll see him telling good things about it.

Thank you for this. It shows the desperation of somebody to find more ammo for FUD, no matter how weak it is.


It's laughable to get info from "specialists" like this. We know what the truth is, it's public knowledge, and the others have already posted the link for you.
We also know that.. this person doesn't understand the world, we know that he's outdated and we know that he tries hard to manipulate his followers as long as he can for his own benefit. Quite shame that some still fall for it.

Proofs?? Or its just a mere opinion coming from you?? I know that we have freedom to speak here but at least if you want to justify something then show some proofs so that we will agree on it.

Ohhh a Trump supporter in the house :D. Did you vote him last election?? Just yesterday, Trump said that Bitcoin is a scam and it must be regulated so what's new?? He isn't a supporter of Bitcoin so he will say negative things about it.

Just so you know, most of the miners are using renewable energy to mine Bitcoin.

Bitcoin is not a scam and moreover with all the energy that is being used in mining it, it should have value for sure. Not everyone can mine bitcoin, because it is not easy to mine. And that aside, when it comes to the level of energy that is being consumed across these sectors, I have read once that the banking system even consumes more energy more than Bitcoin does, and someone here posted image that is related to this and I found out now that banks even consumes more energy more gold mining. And moreover, fiat is no longer backed by gold, things have changed, do your research.

And that isn't even being used now? So basically fiat doesn't have any gold backing because they removed it already. So what OP is saying is that the out of thin air pulling isn't just bitcoin but also fiat so basically OP played himself.

Man, are you high? US election is done.
Generated out of thin air? You really have the audacity to disrespect the genius mind behind the blockchain technology and Bitcoin to call it scam like the ponzi schemes pulled out of thin air?
You're really high!

Then you become concerned with energy consumption because of the Bitcoin miners? Man, they're helping Bitcoin transactions to get through.
Tell me how many times you left your TV on unattended, your AC on while you're outside your room, your computer on without doing anything important? Isn't that a waste of energy?

You are using Donald Trump as a reference?Really?
Since when Donald Trump knows anything about finance or how the monetary/banking system works?
US dollar was backed by gold before 1971.Now USD is backed by nothing.Bitcoin is also backed by nothing and this isn't a problem.Do you know how much electricity is used by the banking system?
Why are you so butthurt OP?Did you get scammed?Are you butthurt,because the Bitcoin price is dropping?

mining bitcoin 5 years ago was definitely different from now, with the nominal amount getting smaller as the price has increased. You can't conclude bitcoin is scam without evidence, it's the exact opposite of the facts so far

You are way outdated. Joe Biden was elected and is now seated at the White Palace, and Donald Trump's term has passed already. This has even no connection about bitcoin. In addition, bitcoin is not a scam. It has proven its potential for years already and made many people a millionaire by investing on it. It is a promising asset that's why the majority are starting to put their funds because they've heard and seen how its price move on the chart.

Bitcoin is often associated with scams because a lot of people are using it as a bait for those who are naive. You won't see it as such if you'll eagerly read and study about it.

So do you believe what all Trump has to say regardless he is not even concerned or have knowledge about bitcoin existence?He has been already voted out from the white House and he cannot handle it so making so many fake claims about anything which we need to ignore.Secondly this energy consumption issue is spreading more now and many are just arguing in the hype only.How many trees are cut down in order to make fiat currencies paper do you know that and electricity consumption of banking system?The next elections are 5 years ahead and many thing changes in just few months only and Trump is not going to win next elections also.For people who don't understand Bitcoin or are afraid of it or suffer huge loss say it as scam but deep inside they also know it's not.It is created out of thin year really? All the mining process using ASIC mining by miners and created by Sathoshi in 2009 was not just came out of thin year.So stop spreading such hate.