If a project can't afford escrow they should never launch to begin with.

Let's forget that some escrows work for free/positive trust. Even if they demand 1% of the total amount to be distributed it's still very little. If you're distibuting a thousand dollars worth of coins the escrow payment will be just 10 dollars. Don't tell me they can't pay that much.

Even if they'd have to pay $100 to the escrow holder it's still nothing compared to the value of the campaign.

Crypto loans work but only when the borrower can escrow something of equal value.

For years people have been using bitcointalk crypto loans to gamble or trade when they knew they'd get money from their campaign in a week or two but needed some coins at hand fast and couldn't wait for the payment.

Real estate scams are very easy to verify because these scammers can't make photos themselves and often use stock ones that can be reverse googled.

If they don't agree to escrow you don't have to join their campaigns. The more people show they don't support projects that don't try to work for their trust the more project managers will start to care.

I've been telling you people for years to demand escrow and payment in BTC, ETH, or any other already tradeable coin.

And some people still think that it's an anonymous currency for online drug dealers and hackers. The ignorance and stupidity have no boundaries.

Of course you can launder money through cryptocurrencies but with Bitcoin it's quite difficult especially with the KYC procedures on almost every single exchange. You can make up credentials, get fake IDs but all of it leaves a trace that can be later used to get you. You're only safe if you find a way to exchange coins anonymously. No amount of mixing can save you if they really want to get you.

According to many analysts it will either reach a new ATH or die. Bitcoin is not a technology that can remain healthy as an awkwward currency of nerds. It has to expand or if it doesn't expand it will be abandoned and taken over by a similar maybe more centralized cryptocurrency that will keep on growing.

Bitcoin will not go flat as a tradable asset. It will pump again or go down fast.

I expect it to be worth at least 50 thousand dollars in a few years or go down below 3000 as people move to something else.

He thinks people are too hasty with their investments and shouldn't touch it if they expect quick and big returns.

I agree with that but I also am aware that greed is good. Greedy people are restless and are not afraid to wet their feet. You won't make money at all if you don't invest, so my advice is: try and don't be afraid. If it doesn't work out for you, it will not be the end.

They make it look like they're investing or trading it and they will do some mumbo jumbo with your coins to make more of them

Long ago when the understanding of blockchain was much lower they used to scam people by selling them mining programs and "blockchain hacking software" that was supposed to piggyback on transactions and split some of them to make some coins go to your pocket every minute.

Scams are as old as humanity.

Like in that movie Enemy of the State where the main character is cut off by the government and cannot access his own money, his credit cards don't work, he can't call anyone, and so on.

You can get your money back if someone hacks the bank and steals it but that was the bank's mistake. It allowed someone to gain access and it will have to pay you back.

In Bitcoin if you get hacked it's your mistake not some institution's.

There are numerous articles about JPMorgan trading cryptocurrencies right after their CEO said that he'd fire anyone found doing it.

Also JPMorgan tried to patent a Bitcoin alternative while attacking the original in the media to discourage investors.

It's not really wishful thinking. Wishful thinking is believing that banks will always be honest with their clients and their bashing of cryptocurrencies doesn't have a second bottom.

https://steemit.com/bitcoin/@ura-soul/as-predicted-jp-morgan-caught-buying-large-amounts-of-bitcoin-after-public-statement-that-bitcoin-is-a-scam-and-no-jp-morgan
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

It will go away because it will cost more and more to produce it and make it difficult to counterfeit. Right now many coins all over the world cost more to produce than the valye they hold.

The governments will push to switch to digital payments like phone wallets and cards first to remove small bills and then finally the big ones. You'll see I was right when they cease production of the smallest coins and bills in your country to decrease the amount in circulation and discourage people from using them.

I think it will end like BCH when it forked from Bitcoin and then again like BCH and BSV when they were forking.

The news started a big hype and now all those coins that were supposed to be the new Bitcoin are worth 10% of their former value.

It can't be a ponzi because:


Actually, if you bought Bitcoin at any point in time but for December 2017 and January 2018, you'd have made profit. So 99% of people who ever touched Bitcoin and helf it would have more money now than they had when they invested. This single thing kills the idea of a ponzi scheme.

Are you some kind of Monero shill op?

Monero is not what Bitcoin was meant to be. Bitcoin was not made to be anonymous. Monero is fine, I have nothing against it but it's different than Bitcoin and may face its own problems like being banned from all regulated exchanges at some point.

Monero is on a path to becoming the coin of the deep web.

This shows you don't know many Bitcoiners and don't know much about its acceptance. You can really buy a lot of stuff with it. Browse a little and you'll find uses for it.


Spoken like a true authoritarian. Napoleon would be proud of you.

I haven't tried it yet but I'd choose spam here for sure.
It looks like you might know the rules pretty well and still choose wrong answers because of the way they're constructed.

I consider all posts made only for the purpose of the campaign spam.
Calling them unsubstantial is too mild for me.

The youtube pumpers are talking about it in their videos saying that it might be a trigger for another bull run but they used to say it when the first paypal news came out and as we all could see there was no significant move up, even a move down to 9000 dollars instead of a run up.

I'm bullish long term but I don't think these news can take us above 10 thousand again. It's justa nother gateway for buyers. Bakkt was supposed to be such gateway and we are where we used to be.

I'm completely open about my investments and bought at many different levels in 2016 and 2017, most of it below 3000 dollars but some at 5 and 6 as well. I still have these coins so no selling for profit on my part. Holding something that makes me feel safe while being profitable is more than enough for me. I'm not going to chase profit around trading for a few dollars of profit every day. It's a waste of time.

You think those who bought early are not to be believed because those are the lucky few. Did I get it right? Bitcoin remained below 6000 dollars for more than 8 years. That's enough time to be among the lucky few. You underestimate hiw many people on this forum still hold Bitcoins bought for less tha 1000 USD. I can tell you it's a lot.

PayPal also only works as a middleman. A transaction validator. It does something a 1 person acting as escrow could do and its shares are worth 150 EUR a piece. Does it create any value?


A computer program or a domain also don't create value but have value.

Not really. We have been in a bear market up to the turnaround from 3000 dollars and since then the price is acting bullish. A small setback caused by the stock market crash doesn't make it bearish. I never look at 1h chart unless I'm trying to trade right here right now. For me what maters is the big picture - months and years.

Yes, if Bitcoin crashes strong it will take altcoins down with it. That's pretty obvious.

So you choose to compromise your safety for convenience. That's not how most crypto enthusiasts should proceed and I will never recommend it to anyone.

You also said that you are using a web wallet that can be accessed from anywhere so you don't even use a wallet on your phone but use other people's computers or public machines to transact? This is so careless I'm lost for words.

When reading such news I always think of the requirements that have to be met. In these case it would be requirements for an old person to buy Bitcoin this way.

They would have to:
have that specific retirement fund
be able to manage their own asets
be able to read and get that information. Most old people don't read leaflets and don't surf the Internet. They have a card and use it to pay from their account.
be positive about investing their money in general as most old people are not
know what Bitcoin is
be positive about it and we all know most people are not.

How many will put a tick in all the above? 1%?