Bitcoin Forum

It looks like the scam U.S. currency is attacking Bitcoin again.
The sham private company Federal Reserve hired their puppets to release this statement world wide:

Bitcoin is 'greatest scam of all time'
http://www.ibtimes.co.uk/cryptocurrency-round-bitcoin-cash-registers-greatest-scam-all-time-1466749
http://www.nationaljournal.com/tech/bitcoin-the-greatest-scam-of-all-time-20140922


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Highly recommended thread:
American Patriots Militia Groups taking down the private company the Federal Reserve and their scam U.S. currency. Their scam U.S. currency was designed to scam 320,000,000+ Americans and 7,000,000,000+ people world wide.
https://bitcointalk.org/index.php?topic=485187.0

I remember max keiser before adopting pro bitcoin rhetoric saying that the world would be flooded with fake digital currencies.

Well, that happened. (http://coinmarketcap.com/currencies/views/all/) There are 487 known altcoins. Anybody want to buy a Bytecoin, or a Darkcoin, or a Joincoin?

And they couldn't have picked a worse day to put out that news. LOL, gotta love this: http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/ (http://www.forbes.com/sites/ryanmac/2014/09/23/paypal-takes-small-step-toward-bitcoin-partners-with-cryptocurrency-processors/)

It might as well be. I guess during the 19th century where banks could print their own money the situation was similar.

Generally speaking, the State derives much of its power by asserting the inverse of the truth as fact, and demonizing the truth as a lie. Put more simply, deception.

For one example, try typing "biggest scam in history" into youtube. This video (https://www.youtube.com/watch?v=iFDe5kUUyT0) explaining fiat scrip and the great scam known as fractional reserve banking is what you get.

The rest of the bulk of the nation state's power is derived from coercion and their overwhelming monopoly on violence, the use of which is also legitimized by deception.

All well and true, however we dont have infinite time for the truth to be revealed.
As the alt scam coins drain power from the momentun, scam sites closing left and right,  .gov will do what it does best

Frank Abagnale, convicted con artist and FBI stooge, weighs in on Bitcoin. His professional opinion.

Dear Frank, maybe you should learn the difference between a bit and a byte before commenting on technology.

None of these altcoins are "fake", I would generally consider them to be a scam, but certainly not fake. I would say that the creators of the altcoins are generally trying to take advantage of the "hype" that crypto currencies have and wish to profit. In theory one of the altcoins could overtake bitcoin in terms of popularity, use or market cap (although I would doubt it)

Classic.  Inasmuch as one believes in conspiracy theories, this is perfect:  Let's dredge up
a "qualified expert/celebrity" -- Frank Abignail, from the catch me if you can fame.

99% of them are fake.  Fake in the sense of being scams or reskins of Bitcoin with a few trivial improvements and yet these coins are sucking in huge amounts of $capital (no idea how or why).

Ahh well Frank Abagnale clearly doesnt understand you can help secure your Bitcoins. Frank Abagnale has the problem of lack of brains and lack of work ethics. Frank Abagnale is one of those rich fancy asses who expects inferior people to do the work for him. Frank Abagnale did not do any research and from what I can see Frank Abagnale posted (or stated) his assumptions upon biitcoin based on what it was 4.9 years ago. Frank Abagnale just needs to do a little more investigating, grow a brain, and get a little work ethics. Oh and Frank Abagnale needs to crawl out of the rock he is living under.  If you read his statement Frank Abagnale does not actually prove bitcoin is a scam but rather points the accusations to the hackers.

I think when Frank Abagnale said "bitcoin" was the largest scam it was just a way for Frank Abagnale to get negative attention to Bitcoin.  Much like I have done for him in this post :) Because in Frank Abagnales whole statement there was nothing actually scammish about bitcoin itself but the attention was actually brought to hackers themselves. Bitcoin is not affiliated with the hackers, (that would be counterproductive) the developers are not the ones stealing the coins. Most of the time its not hackers at all just plain outright thieves. And if Frank Abagnale honestly thinks places like JP Morgan, Barclays, Chase, Bank of America, Visa, Master Card and other financial institutions are not thieves it just shows how stupid he is. If Frank Abagnale knew what his bank actually did with his money and why it takes 3 to 7 days to process a transfer in his bank account he may be looking at BTC a little differently. But clearly Frank Abagnale cant see a con if it slapped him right in the face.  I want to say MAYBE even Frank Abagnale was one of the idiots that lost his ass on the MTGOX situation. So now peoplelike Frank Abagnale can see why uyou dont place you money in other peoples hands.

I think our definition of "fake" is different. I agree with you that most (all) altcoins do not add anything of value that bitcoin does not provide nor do they have any real value in the long run nor will succeed.

I argue they are "real" because they really do keep "track" of your money the same way that bitcoin does. If you had 2,000 LTC then you could send that 2,000 LTC to another address and would be sure that your money would get there safely. You would likely lose money long term by holding LTC (the same argument applies for every other alt coin) but this is due to the value decreasing and not with the coin being "fake"

EDIT: I find it hard to believe that I am actually on the pro alt coin side of a discussion

Frank Abagnale is scam artist, one of the best, that's a fact. Why would/does anybody believe him?

Because DiCaprio played him in a moive?

Who cares what he says, we know the truth about Bitcoin. Anyone who has taken a significant amount of time to research and explore the space would know his claims have 0 substance.

No way he formed his opinion by reading Bitcoin talk for several hundred hours, then conducted programming experiments to better understand the technology. I am sure he barely looked into Bitcoin, I doubt he even read Bitcoin.pdf, understands the Byzantine Generals problem, or what people use the internet for, or what a PDF file is.

Its a shame that either he actually believes this and that others will believe him without doing any personal research.

maybe he is cryptcominer and MTGOX victims lol.


LOL.

scammed by scam artist.

maybe it was planned

Classic Orwellian: 1984

War is Peace

Freedom is Slavery

Ignorance is Strength

of course!  if people were actually smart, the fed would have ended long ago, but the average person is not bright and brainwashed by the media, so associate it with Leo and boom...