Is Bitcoin a scam: The long debated argument discussion by Bloomberg - Quicktake

[Mugtaiya]

Bitcoin is not scam, but bitcoin is popular among scamers using bitcoin

Isn't this is the reason why banks were opposed of using crypto from the very beginning?
They still want to shutdown privacy coins such as monero, zcash & dash stating they are destructive in this very way...
letting scamers get away with their real money, fiat, without a trace.
There in it lies the cross roads of why crypto had been stalled at being widely accepted by the financial industry as a whole.

[AicecreaME]

They are paid, whoever made that video including those people on it, typical goons and clowns. Debating against them is useless since they are going to insist that they are right and Bitcoin Enthusiasts are wrong, I mean how ironic, isn't it? They are inventing crappy rumors and news about Bitcoin for whatever reason they have.

I think Bitcoin smashes their egos whenever it makes a new ATH and make their heart hurts because if they just invested on Bitcoin a long time ago, their wealth should've been skyrocketed already like to those early adopters.

[rdbase]

They are paid, whoever made that video including those people on it, typical goons and clowns. Debating against them is useless since they are going to insist that they are right and Bitcoin Enthusiasts are wrong, I mean how ironic, isn't it? They are inventing crappy rumors and news about Bitcoin for whatever reason they have.

I think Bitcoin smashes their egos whenever it makes a new ATH and make their heart hurts because if they just invested on Bitcoin a long time ago, their wealth should've been skyrocketed already like to those early adopters.

It seems these so called bankers are starting to crack under the weight of how much BTC has surged in price and outperformed all precious metals and even entire countries M1 money supplies these being Australia and Canada just recently.
Have seen Peter Shiff(ty) gold baron and Warren Buffet both say the other day they are starting to warm up to bitcoin and crypto now.
Or maybe it was just an april fools joke with the use of deep fake technology. Who knows nowadays really.
As I haven't seen the videos yet but am pretty sure they have been circulating around the internet by now.
Just can't be bothered enough to do a search for such comments like this, because they only happen when BTC is mooning and not when the markets are bearish it seems.

[rdbase]

With this Bitcoin Conference 2021 in Miami rapidly approaching, I was thinking of bringing this discussion back a month & 1/2 from it's last update on the topic.




https://b.tc/conference
The ones I recoginzed were Tony Hawk who apparently has been into bitcoin since 2011 and Floyd Mayweather who is supposedly going to fight Logan Paul the day after the conference ends.

There is a video (I will post it up once the conference is over) which brings to question with these celebrities getting into the space just for the popularity and making money from the sake of saying they hold bitcoin and going to such events to take advantage of the success it has brought to many already.
Just look at the whale pass NFT they are selling just so you can say "Hey, Look what I bought!" and that's about it.
Oh and these whale passes are going for 3 btc so just under $100,000usd at the current price of bitcoin.

[rdbase]

Bitcoin Conference 2021 live - day 1
Alittle late but it started miami time.
https://www.youtube.com/watch?v=Zp43Ktm3wos
source: bitcoin magazine

Some interesting speakers and best of all, everyone of them are pro bitcoin.
Because why would they invite a party pooper to this convention all that is BTC?

[rdbase]

Day 2 of the conference with Bobby Lee from Ballet and several others explaining their products for bitcoin.
https://www.youtube.com/watch?v=VVDNEnRAZU4
Africa is the number one place in the world for bitcoin adoption which is a major achievement for them.
The one speaker from Egypt (Northern Africa) also explains to the audience that Africans are not scammers and should not be associated as such when it comes to these sort of stereotypes in cryptocurrency any longer.

[verita1]

Bitcoin Conference 2021 live - day 1
Alittle late but it started miami time.
https://www.youtube.com/watch?v=Zp43Ktm3wos
source: bitcoin magazine

Some interesting speakers and best of all, everyone of them are pro bitcoin.
Because why would they invite a party pooper to this convention all that is BTC?

I am excited about the Bitcoin 2021 conference in Miami. If we realize that it is a great celebration because the USA is showing its great support for Bitcoin.

😂 I know who you mean "why would they invite a party pooper to this convention" to Elon Musk. Perhaps the #Bitcoin 💔 meme was due to him not receiving the invitation to this event.

A little more seriously, the US is showing why Bitcoin is a useful digital asset for humanity.

[rdbase]

It is sort of funny you mention about him not being invited and I think you are right. The broken heart emojii was him expressing the rejection from the bitcoin community with his recent antics towards what they hold dear.
But they are doing what they should of done from the very start with his tweets about it and just ignore him.
They haven't mentioned his name once since from what I have watched so far for today.
Bravo!

[Obito]

Bitcoin being a scam is the funniest thing I have heard and I am just starting my day, if bitcoin is a scam then how come my friend became a millionaire at a young age? And what about the others who made a fortune out of bitcoin? Will they still comsider it as a scam? There's no debate needed in this because bitcoin has already proven itself.

[ILuckyGuyI]

Bitcoin is not a scam or a ponzi scheme. There are still people who are claiming like it is. If it was a ponzi scheme, then it wouldn't even exist for this long. And it wouldn't be adopted by any place. I hope someday these people will understand this also.

[rdbase]

@fmasta, @Obito & @ILuckyGuyI

This was not the intent from the creation of the subject line in the title.
It is more of why do people call it such still with what it has proven over the years time and time again.
There is a video with the very same name (will post it tomorrow after the last day of the bitcoin conference) yet it discusses why it is not a scam.

It is a discussion about why people still think it is while it certainly is not.

[btc-room101]

Bitcoin Conference 2021 live - day 1
Alittle late but it started miami time.
https://www.youtube.com/watch?v=Zp43Ktm3wos
source: bitcoin magazine

Some interesting speakers and best of all, everyone of them are pro bitcoin.
Because why would they invite a party pooper to this convention all that is BTC?

Why would you hold a circle jerk and not invite like minded morons?

Hal Finney was good, he had a good heart, but all the good people in bitcoin have died, disappeared, or suicided; Like they say, only the good die young.

Are computers a scam, is math a scam? No, bitcoin is not a scam, but 99% of the people involved in bitcoin are psychotic sociopaths who would sell their sister for a buck ($1USD).

Algebra is not a scam, but math can be used by criminals to rip people off.

BTC attracts common criminals all over the earth why not, essentially the entire paradigm of non-reversible transactions means there is no law enforcement, that a criminal never gets caught.

The bad of BTC is this entire mind-frame has moved to the general population and world thinking, even VISA transactions are far harder to dispute these days, then entire expectation of the purchase of quality has been destroyed by bitcoin greed. The entire post 1950's process of 'buyer beware' has returned to 'sucker born every minute', and its good. My has the world gone to shit under the bitcoin uptopia.

[goldade]

Every bitcoin user that knows and truly understands how bitcoin works would know that bitcoin is not a scam. No matter the propaganda against bitcoin, it is obvious and the fact remains that bitcoin is not a scam.
Anybody has the right to choose what to believe or not and if some people choose not to accept bitcoin, it doesn't change the fact that bitcoin has come to revolutionise the financial industry and it's a whole game changer.
Trust me, these people that claim bitcoin is a scam would eventually get on the train, only that it would be too late then and they would have missed out on a lot of benefits.

[rdbase]

Video which explains in a good way on why they can not call it a scam compared to how the current financial system works.
Very informative and narrated in a well and understandable way anybody can see what is laid out for bitcoin to take on the banks and corporate systems.
https://www.youtube.com/watch?v=4ByO8ym-iF8

Should of posted this on the first viewing three weeks ago but have become really busy with other things and summertime upon us.
Got to go out and enjoy your life while you still can and not dwell on such nonsense the people have been fudding about bitcoin lately.
As can be seen by the current price unfortunately.

[Lorence.xD]

Bitcoin is not a scam or a ponzi scheme. There are still people who are claiming like it is. If it was a ponzi scheme, then it wouldn't even exist for this long. And it wouldn't be adopted by any place. I hope someday these people will understand this also.

Duh, everyone with the right mind and thinking knows that, the people who said it are just bitter assholes that regretted not buying bitcoin at a really low price because they are skeptical and now they want to make sure that others will share the same misery as them.

[rdbase]

Here is the second video of the first one I posted about a week ago called:
The Insane world of Bitcoin
https://www.youtube.com/watch?v=brABoguf7uc



Describes alot of what was going on with the markets in the past couple of months in the sequel of the series of is bitcoin a scam (of course a rhetorical question ) and what the whales are doing with their bitcoin holdings.
Near the middle of the video questions about crypto influencers such as musk and the like who seem have the power to sway the price of this trusted store of value, which many fail to comprehend at the very start.
Elon gate thread here:
https://bitcointalk.org/index.php?topic=5336007.140

[rdbase]

After this story some would say altcoins such as this rocketbunny token is making all of cryptocurrency look bad from when I had seen it mentioned on a news show making funny of cryptotrading.
Coinbase's system seemed to have screwed up and made this guy the richest man in the world surpassing Musk and Besos..
Atleast on his screen.

https://www.dailymail.co.uk/news/article-9708841/Georgia-students-Rocket-Bunny-cryptocurrency-explodes-1trillion-Coinbase-glitch.html

[rdbase]

This crypto trillionaire (the first one ) says his account was locked by coinbase and he is on the 6th day of trying to get his account unlocked.
I guess he wants his $20 back.
https://www.youtube.com/watch?v=vhH8EiXQWug
This is some bad publicity for coinbase because this could of happened to anyone and luckily he didn't have more than just this $20 in his account as a vast amount of people have over tens of thousands on their own accounts locked up into trades just like this fellow did with that one trade.

[zanezane]

The debate can be considered futile as we all know Bitcoin is not a scam and it has created millions of new jobs in the world since its launch. Millions of people have had better, richer lives since long-term Bitcoin investments.
Bitcoin is not a scam it is proof of the evolution of currency.

That's the only proof that we need to disprove the claim that bitcoin isn't a scam. Plus, bitcoin is already too big to go down in flames plus no one is going to benefit from doing an exit scam in bitcoin because no one knows who is satoshi.

[rdbase]

The debate can be considered futile as we all know Bitcoin is not a scam and it has created millions of new jobs in the world since its launch. Millions of people have had better, richer lives since long-term Bitcoin investments.
Bitcoin is not a scam it is proof of the evolution of currency.

That's the only proof that we need to disprove the claim that bitcoin isn't a scam. Plus, bitcoin is already too big to go down in flames plus no one is going to benefit from doing an exit scam in bitcoin because no one knows who is satoshi.

Good point.

Whenever I hear the mass media calling it a bubble or asking when will the scamfinally go bust?!...
I always refer to the early on pro bono ponzi schemes of all scams of the cryptocurrency space of 2017 Bitconnect:

https://youtu.be/RtBjC5AfvOU

These guys who promoted it all got arrested a few months ago for continuing to pump up this obvious scam worldwide.
https://www.youtube.com/watch?v=5M6-tYLiRLw
https://www.youtube.com/watch?v=kqmI4eKbWYM

Although the "Hey, hey, hey.." guy, Carlos Matos, did not get charged. Releasing a video of how he was duped into it and actually was a victim:

https://youtu.be/3odIbJl-dGM
A well known crypto youtuber tells of his story and the lawsuits against this platform:
https://www.youtube.com/watch?v=rVzG5jOVHRM