What's the most stupid comment you've heard about bitcoin?

[byt411]

All alternate currencies are illegal.

Illegal under what laws, may I ask?

Read the title of the thread.

I know, I meant that the OP should ask the guy who made this statement the question.

[1714115962]

1714115962

[1714115962]

1714115962

[1714115962]

1714115962

[Apraksin]

Today someone told me bitcoin was bancrupt.

[Lauda]

Today someone told me bitcoin was bancrupt.

I'm amazed at the average Joe.

[Vitamin]

All alternate currencies are illegal.

Illegal under what laws, may I ask?

Read the title of the thread.

I know, I meant that the OP should ask the guy who made this statement the question.

In the USA there are laws on the books that specifically prohibit state governments, and individuals from creating their own currencies.  What usually gets missed is that there's no law prohibiting anyone else from creating an alternate currency in the US.

[Lethn]

I'm torn between:

. Bitcoin is a ponzi scheme

. Bitcoins are like the TULIP MANIA!

Can't make my mind up on them I'm afraid, most comments are made by people who simply haven't done research but these lines are often spoken by people who definitely should know better but they scream it at us like they genuinely believe it.

Disclaimer: Bitcoins aren't a ponzi scheme because the code was and continues to be released to the public open source and they can't be compared to tulips because there's a fixed supply of them and it would be impossible to create more without everybody finding out about it.

[ElectricMonk]

I can forgive people who know nothing about Bitcoin for saying dumb things so my pet hate is Bitcoin enthusiasts who bitch and moan about Fractional Reserve Banking.

The most recent examples are the "...MtGox... running a fractional reserve bank" variety

I assume some of this is said in jest but an FRB should be solvent. Illiquid perhaps, but not insolvent.

[pizzaboy69696969]

A lot of people at work gave me their condolences, upon hearing that Bitcoin had "died"

[edd]

Just the other day when I suggested to someone who has displayed some interest before that now might be the best time to acquire some BTC: "This is obviously a bubble. I'll buy some bitcoins when they come back down to a dollar each."

[RobFordWotWot]

"Mining is like power-lifting. Sure you're solving all those algorithms but what do you get from that? It's just a waste of energy."

When you lift you get muscle.

When you mine you get free money.

When you bitch you're a bitch.

[keithers]

My SO has banned me from buying bitcoin. I watched bitcoin go down to $425 / BTC on coinbase briefly a couple days ago, but I was unable to take advantage of it. My SO has declared, "Bidcoin is just a ponzi scheme cooked up by nerds. If you buy any bidcoin, I will break up with you. I don't sleep with nerds."  

So, I called up my "nerd" buddy and told about the low price, he bought in and now is sitting on a 30% profit. He made $3000 in less than 48 hours (he bought at $450/BTC, it's now $585 on Winkdex). My "nerd" buddy bought me a beer. At least I got a beer out of it.   (I have to look at it from the bright side)

What is "SO,"  significant other?

[keithers]

One of the dumber things that I have heard people say is that the creator of bitcoin can just create more bitcoins for himself, cash them out, and then "turn off" bitcoin.   

Another pretty dumb thing I heard when Charlie Shrem was arrested, was that "bitcoin is going down because the president of bitcoin was arrested today"

Calling it a ponzi scheme is probably the most common one...

[j5d]

This was a Facebook comment:

"Oh nos, something has damaged the legitimacy of our digital currency which is mostly mined by organized-crime controlled botnets! Whatever shall we do! Wherever shall we go! I'm scared of our government I'd rather trust the mafia!"

[LouReed]

Didn't even read the thread, so it's probably already been mentioned but Ponzi Scheme by far! I can't even count the number of people I've heard say Bitcoin is a Ponzi Scheme! Utterly ridiculous!!

[lemipawa]

" How do you turn Bitcoin to real currency ? "

[grifferz]

Most of the questions in this thread aren't that stupid, they're reasonable things for a complete newcomer to ask. They only become stupid when the answer is given but they refuse to hear it and just hold on to their prejudices.

For example, the how do you turn bitcoin into real currency question. That seems reasonable to me. But sadly a lot of people don't ask questions like that in order to learn, they ask them in order to communicate their pre-existing view. They meant to say: bitcoin isn't real money and is too hard to turn into real money.

When they won't get swayed from their view that's the worst thing.

[miragecash]

I'm castrated, oops, I meant married.

My SO has banned me from buying bitcoin. I watched bitcoin go down to $425 / BTC on coinbase briefly a couple days ago, but I was unable to take advantage of it. My SO has declared, "Bidcoin is just a ponzi scheme cooked up by nerds. If you buy any bidcoin, I will break up with you. I don't sleep with nerds."  

I honestly advise you to get a new SO. And not because of bitcoin.

I honestly advise him to get a pair of balls.

[btcxyzzz]

I'm so annoyed by "ponzi scheme".

[CoinCidental]

People tend to get quite confused with all this fancy crypto stuff and confused people tend to say funny things when they try to act competent. So, what's the most stupid thing you've heard about bitcoin recently?

some super wealthy  saviour is going to buy mt gox and pay everyone back their losses 

[eldentyrell]

Unsurprisingly, from Coindesk:

  "The bitcoin developers are about to reduce the transaction fees on the bitcoin network"

Wow, that is some impressive failure to understand how Bitcoin works.

[zXgn]

@studio1one

You win