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Ramya494
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November 19, 2018, 10:18:12 AM
 #1

I think the main reason of bitcoin being considered as scam is the hidden facts behind it.But since it lacks Identity of invention no wonder that people consider it to be scam,but the facts should be proven to a great extent that people start believing it doesn't require any proven identities.
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November 19, 2018, 10:26:17 AM
 #2

Bitcoin is open-source, and the codebase is being altered and updated day by day. Even it was invented by Osama Bin Laden or Adolf Hitler, it doesn't matter.

People mainly believe that bitcoin is a scam simply because they don't know anything about it; and they're biased into automatically believing what people like Jamie Dimon and Jordan Belfort are saying just because they're "experts" in their field, even though they don't know crap about the technology. Also, probably mostly because all they see in the news about bitcoin are 90% negative news.

Also, what the heck is that title? LOL. "Bitcoin facts revealed"

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November 19, 2018, 10:38:50 AM
 #3

I think the main reason of bitcoin being considered as scam is the hidden facts behind it.But since it lacks Identity of invention no wonder that people consider it to be scam,but the facts should be proven to a great extent that people start believing it doesn't require any proven identities.
what facts do you want to reveal? there are no facts that you reveal in your posts, if you say that there are facts revealed then you should mention some of these facts.

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November 19, 2018, 11:21:16 AM
 #4

with crypto and only crypto, you can get pretty much everything from dark web... it still got its  value.
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November 19, 2018, 11:25:58 AM
 #5

Your title does not fit the idea you have. Meanwhile, because bitcoin is not understood by certain class of people is the reason they refer it as a bubble but we know better here.

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November 19, 2018, 11:30:16 AM
 #6

Bitcoin is open-source, and the codebase is being altered and updated day by day. Even it was invented by Osama Bin Laden or Adolf Hitler, it doesn't matter.

Yeah but admit it or not, if people knew that bitcoin was the brainchild of such ignominious figures, it will be totally met with angst and disgust from the side of the righteous and morally correct activists lol. Anyway, what's there left to uncover for bitcoin? Its creator? Bitcoin is pretty much open-source up to this day, and no one is hiding something from you just because you don't clearly understand the technical workings of this opus. Also, scams are not made by bitcoin and its developers but rather other people who wish to get some hefty chunk of cash while remaining relatively hidden.

The post is too vague to decipher; if you're trying to know Satoshi's identity, you might have been late since the original inventor might have been dead by now.

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November 19, 2018, 11:30:33 AM
 #7

What? what did I just read.

LOL I thought there's something that everyone will know and expose that secret you are about to reveal but hell no. Don't worry, it has been known even before that bitcoin has been said as a scam but what happened? those people that said it are even buying bitcoin. Do you know what's anonymity really is?

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November 19, 2018, 11:47:24 AM
 #8

I don't see any Revealed Facts in your post, please edit and make it of some sense.
Bitcoin_Arena
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November 19, 2018, 12:10:30 PM
 #9

You see after reading the title i rushed it here and 30 seconds later i have no idea what am doing here
OP, do you even know the meaning of facts? Is it really necessary to do some sort of click-baiting here?
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November 19, 2018, 12:15:59 PM
 #10

What fact are you talking about?  Is it about the current bitcoin price or, because everyone is just talking bout bitcoin price

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November 19, 2018, 12:29:18 PM
 #11

Explaining Bitcoin to anyone that has no idea what it is in the first place is not easy and mjglqw is right on the spot these people tend to listen/believe what is on the news which can be misleading.

You see after reading the title i rushed it here and 30 seconds later i have no idea what am doing here
OP, do you even know the meaning of facts? Is it really necessary to do some sort of click-baiting here?
This is what happens when someone couldn't think of a good title.

What fact are you talking about?  Is it about the current bitcoin price or, because everyone is just talking bout bitcoin price
He's talking about people quickly assume it's a scam because they don't know or understand Bitcoin to begin with. Everything we want to know about Bitcoin can be easily found through the internet there's no hidden facts. 



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olubams
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November 19, 2018, 12:30:28 PM
 #12

I think the main reason of bitcoin being considered as scam is the hidden facts behind it.But since it lacks Identity of invention no wonder that people consider it to be scam,but the facts should be proven to a great extent that people start believing it doesn't require any proven identities.

Unfortunately, you have not revealed any fact based on what you have written here. What I can see is simply someone moving round a ball without moving forward. It has been said times without number and the reason why bitcoin is being considered scam based on your observation goes beyond the individual and identity behind it and every of those assumptions and conclusions have been debunked. While the current phenomenon might prove the carriers of bad news right, its believed that this will soon pass.
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November 19, 2018, 12:33:51 PM
 #13

I think the main reason of bitcoin being considered as scam is the hidden facts behind it.But since it lacks Identity of invention no wonder that people consider it to be scam,but the facts should be proven to a great extent that people start believing it doesn't require any proven identities.

You will understand one simple thing: nothing is unambiguous in the world. Any object or event will always have another side. The same applies to the anonymity of bitcoin. In many ways, this gives great advantages to the use of this coin, but there are certain difficulties in the video of scams. It's about people, not a specific design. The weapons in each hand shooting. Think about it at your leisure.

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November 19, 2018, 01:01:59 PM
 #14

Bitcoin is open-source, and the codebase is being altered and updated day by day. Even it was invented by Osama Bin Laden or Adolf Hitler, it doesn't matter.

Yeah but admit it or not, if people knew that bitcoin was the brainchild of such ignominious figures, it will be totally met with angst and disgust from the side of the righteous and morally correct activists lol.

I do agree. It would definitely hurt bitcoin, but probably only in terms of price short-mid term(which is not that relevant). But long term, people would probably simply realize that it doesn't matter who created bitcoin because yea, it's open source, and everyone is trying to make it better. Pretty much like how people still live and thrive in Germany even though Hitler was once it's dictator. What matters is the present and the future. Probably not that good of an analogy but you get my point. 😂

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November 19, 2018, 01:33:20 PM
 #15

The person who invented the bitcoin is now insignificant since he now has no control over the network. He can neither stop it or influence it work-flow and value. So it's a very open source system, the functionality is now left for the community. People already have more confidence in it than the walking dead called fiat or better called a "legalized counterfeit".

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November 19, 2018, 01:38:07 PM
 #16

Hahaha I thought it was exciting thread content.
Still the question is what is the Bitcoin facts behind?
Maybe you can tell us more about it if you discovered fresh information that seldom to be found. Is there anything that we should be learn from you?

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November 19, 2018, 02:05:27 PM
 #17

The title is catchy and sure does catch many attention. But content doesn't match. Anyways.. If this is about people thinking or considering bitcoin as a scam, i guess you can't blame the because a lot of bitcoin wanna bes are popping in the social medias and most of them are scams. Not to mention, that most government doesn't encourage its people to invest in it. And oh, lets also add to it that facebook banned crypto ads due to overflowing scam reports.

You can't blame em to be skeptical. Unless you really know what bitcoin is.

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November 19, 2018, 02:05:48 PM
 #18

Due to my curiosity to know why we still have this type of dip in the prices of coin in the coinmarketcap today, I was thinking you will clear my doubt. I actually want to know what have being revealed that is causing the dip.

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November 19, 2018, 02:06:19 PM
 #19

When we say scam is that you invested money on it and it was lost and you cannot recovered it anymore, bitcoin is not scam but the one who are using it into scam activities, if you put your money into bitcoin and lock it in your wallet in 20 years, its still in your wallet and the only change is the value.

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