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Author Topic: [VIDEO]The Nasty Secret of Bitcoin Exposed  (Read 488 times)
antikvark
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January 16, 2020, 03:24:31 PM
Last edit: January 20, 2020, 02:58:30 PM by antikvark
 #1

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/dVIXcnbpRMg
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January 16, 2020, 03:49:55 PM
 #2

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY
Seriously! Other day I saw the same with just a different title.

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

What is your problem? Same video in another post:

... fake market instrument

Video version of the argument: https://youtu.be/aZzH1Js2l4k
WTF!

If you think your fiat is better than bitcoin then go and give your ass to the FED so that they can put a green dildo in your ass. Or you are getting paid by Ver, Craig and co to spread nonsense about Bitcoin. Get the fuck out of the forum you moron.

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January 16, 2020, 04:03:00 PM
 #3

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY
Seriously! Other day I saw the same with just a different title.

In the below 6-minute video, it is explained why Bitcoin is a fraud where a gift record is falsely presented to the public as a market item.

https://youtu.be/LlPwmW4XphE

What is your problem? Same video in another post:

... fake market instrument

Video version of the argument: https://youtu.be/aZzH1Js2l4k
WTF!

If you think your fiat is better than bitcoin then go and give your ass to the FED so that they can put a green dildo in your ass. Or you are getting paid by Ver, Craig and co to spread nonsense about Bitcoin. Get the fuck out of the forum you moron.
It is different video that takes into account points from previous discussion. The points that were misrepresented in the earlier video. Telling the truth is not being moron, but the act of educating people.
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January 16, 2020, 04:04:24 PM
 #4

So, it is a newly created video.
I hope you will get a lot of views by posting it here. But I doubt that.

The speaker also has not much power to talk. I cannot even feel it.  Grin

Fraudulent schemes?
Come on. You won't even see it in the market if it is proved.
Then why do companies create their own coin which is in the likeness of bitcoin?
Does that mean they are also fraudelent schemes?

She is just talking about physical ownership here and we cannot go that far since it ain't on the question anymore right?

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January 16, 2020, 04:07:46 PM
 #5

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY


Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!

Need some spare btc for a new PC that can at least run Adobe Dreamweaver.

BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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January 16, 2020, 04:08:41 PM
 #6

I buy Gold and I'm into gold holding association, a golden member of the gold community.
I buy Bitcoin and I'm into bitcoin hodling association, a platinum member of bitcoin community.
You complain and is into critics association, a member in a community who does not appreciate one another.

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January 16, 2020, 04:36:44 PM
 #7

The video is comparing the different asset classes, namely:

  • stocks
  • vehicles
  • fiat money

The thing is, bitcoin is in a different asset class, hence you really can't conclude that bitcoin is automatically a fraudelent scheme just because bitcoin doesn't posses a certain characteristic these three have. Why? Because these three are assets in a centralized ecosystem. Bitcoin is obviously in a decentralized ecosystem, so obviously it really can't be "backed" by a physical asset because it would completely defeat the purpose of being decentralized.

Oh and also, when you posses the private keys of a bitcoin wallet, you hold the rights to a digital asset that can be used borderlessly, without needing anyone's permission.

And don't get me started on how scammy the current financial system is.

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January 16, 2020, 04:38:43 PM
 #8

It is different video that takes into account points from previous discussion. The points that were misrepresented in the earlier video. Telling the truth is not being moron, but the act of educating people.
Discussion?
You whole talk is Bank to borrow from FED and then invest into things, make money and then repay the debt to FED.

No FED, no bank then no economy; the world economy gone which means the entire world is living in the mercy of these group of people's wish. Slavery is in your blood. Go and lick the ass of those fat butts.

One thing is right came from you that I thought all the videos are the same and I was wrong. I had to look them all and wasted my precise time in it knowing nothing new.

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January 16, 2020, 05:04:24 PM
 #9

So, it is a newly created video.
I hope you will get a lot of views by posting it here. But I doubt that.

The speaker also has not much power to talk. I cannot even feel it.  Grin

Fraudulent schemes?
Come on. You won't even see it in the market if it is proved.
Then why do companies create their own coin which is in the likeness of bitcoin?
Does that mean they are also fraudelent schemes?

She is just talking about physical ownership here and we cannot go that far since it ain't on the question anymore right?

Companies that create their own coins, that is, digital certificates of membership, and then sell them, engage in fraudulent schemes. All fraudulent schemes are based on turning ownership into membership. Prior to investing into them, you are the holder of ownership certificates. After the investment, you become the holder of membership certificates that grant you zero ownership rights. This is the definition of a scam.
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January 16, 2020, 05:10:33 PM
 #10

The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY


Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!
Bitcoin is a certificate of membership that grants you zero ownership rights. Try to disprove this simple sentence.
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January 16, 2020, 05:19:15 PM
 #11

I buy Gold and I'm into gold holding association, a golden member of the gold community.
I buy Bitcoin and I'm into bitcoin hodling association, a platinum member of bitcoin community.
You complain and is into critics association, a member in a community who does not appreciate one another.
If you buy gold than you own gold - an actual property. If you would represented this gold with a certificate, then you would hold certificate of ownership. If you would trade this certificate to a bitcoin holder and thus, transfer your ownership rights to this holder, you would become the holder of membership certificate(Bitcoin) that grants you zero ownership rights. Simply put, you would gave your gold as a gift to the Bitcoin holder.
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January 16, 2020, 05:27:03 PM
 #12

The video is comparing the different asset classes, namely:

  • stocks
  • vehicles
  • fiat money

The thing is, bitcoin is in a different asset class, hence you really can't conclude that bitcoin is automatically a fraudelent scheme just because bitcoin doesn't posses a certain characteristic these three have. Why? Because these three are assets in a centralized ecosystem. Bitcoin is obviously in a decentralized ecosystem, so obviously it really can't be "backed" by a physical asset because it would completely defeat the purpose of being decentralized.

Oh and also, when you posses the private keys of a bitcoin wallet, you hold the rights to a digital asset that can be used borderlessly, without needing anyone's permission.

And don't get me started on how scammy the current financial system is.
Membership is not an asset. Ownership is an asset. Also, being able or having right to transfer membership doesn't magically turn this membership into ownership.
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January 16, 2020, 05:28:17 PM
 #13



The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY


Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!
Bitcoin is a certificate of membership that grants you zero ownership rights. Try to disprove this simple sentence.

Aren't we allowed to participate in the market by selling and buying BTC? That's ownership rights. Just like digital cash in forex market, they buy and sell currencies.  

Of course you wouldn't accept any explanation about that. You're not the only person who is confused about BTC. But you can always talk to yourself if nothing that is presented to you won't get into your mind.



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January 16, 2020, 05:34:09 PM
 #14

Another thread with the same topic just like what i saw on the other thread.
OP, is either paid to post this or trying to get some attention to push their agenda against bitcoin.
It's clear that someone doesn't completely understand what is bitcoin.
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January 16, 2020, 05:45:41 PM
 #15

Membership is not an asset. Ownership is an asset. Also, being able or having right to transfer membership doesn't magically turn this membership into ownership.
Stop it with the "membership" bullshit. You're literally the only critic(besides the video creator, assuming it's not you) I've heard that's criticism is that "bitcoin is membership" or something. If you think digital asset  = membership then I don't know what to say. Seriously critics are getting worse and worse by the daily; and I thought Nouriel Roubini was bad.

If you buy gold than you own gold - an actual property.
Same thing with bitcoin, it's an actual property, it's just not backed by something physical.

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January 16, 2020, 05:47:47 PM
 #16

antikvark, if you want a serious discussion about that topic, please respond to the arguments I made in the other thread in this post and this other answer.

To summarize these posts in a short paragraph, if you're too lazy to read the posts: Bitcoin isn't a fraud because it does not promise any return. A Bitcoin bull may be a fraudster if he promises you a return, but this bull isn't Bitcoin. Bitcoin works perfectly with a stable price where no additional influx of money is necessary, so contrary to ponzis and pyramid schemes it won't collapse (Arguments are thoroughly explained in the other posts).

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January 16, 2020, 05:53:16 PM
Last edit: January 16, 2020, 06:20:58 PM by antikvark
 #17



The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY


Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!
Bitcoin is a certificate of membership that grants you zero ownership rights. Try to disprove this simple sentence.

Aren't we allowed to participate in the market by selling and buying BTC? That's ownership rights. Just like digital cash in forex market, they buy and sell currencies.  

Of course you wouldn't accept any explanation about that. You're not the only person who is confused about BTC. But you can always talk to yourself if nothing that is presented to you won't get into your mind.


An act of giving one thing and receiving another in return is called exchange, and not ownership. Sure you can exchange your membership certificates. That's the whole point of bitcoin scam - to exchange membership for ownership. That's how scam organizers benefit from it.
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January 16, 2020, 05:58:19 PM
 #18

Another thread with the same topic just like what i saw on the other thread.
OP, is either paid to post this or trying to get some attention to push their agenda against bitcoin.
It's clear that someone doesn't completely understand what is bitcoin.
Being against Bitcoin means refusing to exchange your ownership for membership. What's wrong with refusing to do something, and explaining reasons behind this? Especially is you see that membership if falsely presented to the public as membership?
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January 16, 2020, 05:58:58 PM
 #19

The vast majority of people are not exchanging gold for Bitcoin. They are exchanging control over fiat currency (such as USD) for control over Bitcoin.  If control over fiat is "ownership", then it seems to me that control over bitcoin is "ownership" in the same way.


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January 16, 2020, 06:06:53 PM
 #20



The video explains how Bitcoin turns your ownership into membership, which is exactly how classical fraudulent schemes operate.

https://youtu.be/C5RplXYwCyY


Explaining bitcoin and crypto to a video creator would be like explaining internet to a 70yr old.

Oy vey, bitcoin is a scam, a scheme! C'mon, goy!
Bitcoin is a certificate of membership that grants you zero ownership rights. Try to disprove this simple sentence.

Aren't we allowed to participate in the market by selling and buying BTC? That's ownership rights. Just like digital cash in forex market, they buy and sell currencies.  

Of course you wouldn't accept any explanation about that. You're not the only person who is confused about BTC. But you can always talk to yourself if nothing that is presented to you won't get into your mind.


An act of giving one thing and receiving another in return is called exchange, and not ownership. Shure you can exchange your membership certificates. That's the whole point of bitcoin scam - to exchange membership for ownership. That's how scam organizers benefit from it.

You don't put names on your wallet, its a jibberish alphanumeric wallet and not even linked to someone named with a real name which we can consider a membership. You won't sign your name and fill up a form to own BTC that you can consider then a member. We don't have that. No one organized it which is why its decentralize and worth $8K right now. And governments today accepted it. So much for being scam.





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