Bicoin biggest scam in the early history !!!

[hostmaster]

Impossible to fight with the this.

hehehe

LOL i think biggest scammers are banks.

[Sheldor333]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

[johncarpe64]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Then stock market is also considered a scam..

[igorr]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Then stock market is also considered a scam..

Mtgox scam...

[bitkanu]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Then stock market is also considered a scam..

Mtgox scam...

Mtgox is big scam of bitcoin world!!!! but its be true..!

[igorr]

Bicoin is biggest scam in the early history,
Mining company buy bitcoion and constantly raises his prices, and again sell bitcoin, and so the circle,
its most centralized currency the world has ever seen

Check difficulity, each 10 days its up about 25-35 % , and after the bitcoin price jump about 25 - 35%.  

http://bitcoinwisdom.com/bitcoin/difficulty

Cleaning mining hardware has begun, after that game iz over, will no longer be nobody that raises the price and Bitcoin is dead.

https://bitcointalk.org/index.php?topic=397876.0

Then stock market is also considered a scam..

Mtgox scam...

Mtgox is big scam of bitcoin world!!!! but its be true..!

producers of mining hardware together with currency exchange MtGox is big scam !

[igorr]

This is sample conversion,  cheap asic chip for much real money.

[bryant.coleman]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

[MakeBelieve]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

[igorr]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!

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[TonyZX]

Interesting theory that bitcoin is a scam and mining companies use it but it is decentralized currency. Of cause bitcon is volatile but that's not the point to tell that it is scam

[igorr]

Interesting theory that bitcoin is a scam and mining companies use it but it is decentralized currency. Of cause bitcon is volatile but that's not the point to tell that it is scam

its most centralized currency the world has ever seen, by manufacturers mining hardware.

[overunity]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!

View Screen Capture



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Mining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .

The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .

[igorr]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!

View Screen Capture



View Screen Capture

Mining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .

The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .

Remember, its most centralized currency the world has ever seen, by manufacturers mining hardware.
mining is impossible for ordinary people !!!

[overunity]

You do understand that value to Bicoin is given by mining, so if mining is more expensive so is the Bitcoin. Also people give value to Bitcoin, so if you don't like that idea you don't have to participate.

I disagree completely. Even if no one is mining, the BTCs will be worth more or less their value as of today.

We need miners otherwise Bitcoin will fail I would say the miners are keeping what the price is today.

mining is impossible, difficulty is 3.1 bilion and for next 8 days +23% !!!

View Screen Capture



View Screen Capture

Mining is extremely popular ,The evidence is here and Igorr is providing it .
For the difficulty to rise 25% in a period of 10 days that means 25% more mining power has been added to the network .
Recently we have seen 100% extra mining power per month meaning 100% more power to the network .

The only affect miners can have on price is if they sell the coins they earn through mining ,The amount of coins they earn on average never changes per 10 minutes ,If mining power increased by 1000% tomorrow still only 25 coins would come into existance on average every 10 minutes .

Remember, its most centralized currency the world has ever seen, by manufacturers mining hardware.
mining is impossible for ordinary people !!!

Yes you are correct ,only people with pots of money can mine bitcoin now ,and they need to add 25% extra hardware per 10 days .
Mining is out of the average joes capabilities now .
Mining is becoming centralised to the mining pools.
If government want to close down new bitcoin production it is becoming increasingly easy.
Guess who would be targeted first ,yep the big central pools with easily identifiable addresses .Mining then would return to the small anonimous individuals .

[igorr]

See MtGox,
how it is possible, big international robbery without any help and without any legal responsibility.
Who was behind this     

[overunity]

First for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .

There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.

Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600  they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .

[igorr]

First for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .

There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.

Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600  they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .

I think it's time for the mining expired, and that's the main reason for of these events !

Check; https://bitcointalk.org/index.php?topic=400001.40

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[overunity]

First for an exchanges price to be able to drop people locked into MTgox need to have people who wish to sell and people who are willing to buy .

There are a lot of people on gox who are panicking and selling ,recently there was a millionaire investor that advertised in this forum that he was prepared to buy coins from anyone holding goxcoins and do an internal transfer,this liquidity provided by millionaire investors is what has allowed the price to drop,do not forget that every trade needs people who are willing to buy as well as those who are panicking and selling .
The millionaires have perhaps been reassured by Mark Karpeles that this issue is going to be short lived and they believe him.

Millionaire become Millionaires by accepting high risk propositions .
If anyone buys bitcoin on gox at $160 ish while all other exchanges are $600  they accept the risk and will deserve the rewards should they get anything at all.
personally the issue around transaction malleabilty should have been quickly resolved ,the fact that GOX is still accepting deposits but not withdrawals is a red herring ,they are sucking people dry before they declare bankruptcy .

I think it's time for the mining expired, and that's the main reason for of these events !

Check; https://bitcointalk.org/index.php?topic=400001.40

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What is happening at GOX has zero to do with mining

[igorr]

Check; https://bitcointalk.org/index.php?topic=400001.40

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What is happening at GOX has zero to do with mining
[/quote]


Not true !