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iluvpie60
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April 11, 2014, 04:01:09 AM |
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Pump and Dump - yes
Ponzi - impossible by design
Uh huh. Devs can push an update out that changes anything they want. As long as 1 or 2 of the biggest mining "guilds" accepts the change, gg no re. |
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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iluvpie60
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April 11, 2014, 04:02:45 AM |
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All you have read over the last months and even today is people saying how you will get rich etc. To buy buy buy. Wrong. To get rich You must work work work! Pushing a digital coin which doesn't offer anything unique vs the other unlimited alt coins. Wrong again. Altcoins does not offer anything unique vs Bitcoin. A digital coin that doesn't do anything better than fiat. Really? Can I anonymously buy pound of ganja and get discount order on submachine gun and pay for the order with cash with two clicks of my computer mouse while stroking my penis with other hand? While remaining completely anonymous and untraceable? Bitcoin offers that freedom and efficiency. Fiat does not. Bitcoin look more like Goatse than Ponzi scheme. And Bitcoin is not Goatse either. Bitcoin is Bicoin. BTC isn't anonymous. Hate to break it to ya rofl... PUBLIC LEDGER ring any bells? |
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btcxyzzz
Legendary
 Offline
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
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April 11, 2014, 05:53:14 AM |
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The ultimate sophisticated Ponzi scheme, so sophisticated you can even argue that it isn't a Ponzi scheme.
There are no promises here, but there are in ponzi schemes. And when ponzi scheme collapses it collapses for good. So far Bitcoin has risen from ashes several times. It's just zero-sum game, like any other stock if you ask me + it has currency properties. Actually complete new kind of good we have here. Bitcoin is opensourced, and if anything is clear by now IT'S NOT A PONZI SCHEME, and you are probably troll. |
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btcxyzzz
Legendary
Offline
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
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April 11, 2014, 05:54:05 AM |
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BTC isn't anonymous. Hate to break it to ya rofl... PUBLIC LEDGER ring any bells?
Bitcoin is definitely and completely anonymous if you use it from the Tor network. Period. |
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jparsley
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April 11, 2014, 05:58:30 AM |
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Bitcoin is not a ponzi. Some other alt may be designed that way. But as the first btc had a fair launch
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please unban me.
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jtsnau
Member
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Activity: 84
Merit: 10
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April 11, 2014, 06:08:08 AM |
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To uneducated eyes, who don't know what a Ponzi scheme actually is, yes that's what it might look like.
But it's not.
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pungopete468
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April 11, 2014, 07:30:38 AM |
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BTC isn't anonymous. Hate to break it to ya rofl... PUBLIC LEDGER ring any bells?
Bitcoin is definitely and completely anonymous if you use it from the Tor network. Period. That's what you think... I wish it was the reality. |
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..TAKE PART.. |
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Timo Y
Legendary
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Activity: 938
Merit: 1001
bitcoin - the aerogel of money
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April 11, 2014, 07:34:49 AM |
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Yawn.
Every time the price drops, posts like these start appearing by the dozens. Every time it rises they disappear again.
If you are going to make a case for Bitcoin being a Ponzi scheme, then at least base it on arguments about Bitcoin's principle. Don't base it on Bitcoin's price. Otherwise the discussion is just about as interesting as a discussion about the weather.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 11, 2014, 07:41:54 AM |
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Yawn.
Every time the price drops, posts like these start appearing by the dozens. Every time it rises they disappear again.
If you are going to make a case for Bitcoin being a Ponzi scheme, then at least base it on arguments about Bitcoin's principle. Don't base it on Bitcoin's price. Otherwise the discussion is just about as interesting as a discussion about the weather.
annnd its sunny in here  |
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Bit_Happy
Legendary
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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April 11, 2014, 07:45:48 AM |
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...looking like a sophisticated ponzi scheme?So sophisticated that it's not even a Ponzi? 
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Trillium
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April 11, 2014, 09:08:12 AM |
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OP is an anti-bitcoin troll. You all fell for it again, in another one of his threads, hook line and sinker.
Just read his comments from other threads. I have no idea WTF he's doing on this forum.
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BTC:1AaaAAAAaAAE2L1PXM1x9VDNqvcrfa9He6 |
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turvarya
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April 11, 2014, 09:13:57 AM |
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So wrong. Commodities are priced on supply & demand. Soybeans, oil, coal..all these commodities are priced on supply demand. Not pyramid at all
I didn't read the whole thread, but that made me just lol. BTC is as much supply & demand as Soybeans with a lot of Manipulation from big Players, also the same as Soybeans. The Problem about BTC is, that a lot of People just don't understand how actuall markets work and don't get, that most things they criticize about BTC are already in this "real" markets. |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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April 11, 2014, 09:35:22 AM |
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So wrong. Commodities are priced on supply & demand. Soybeans, oil, coal..all these commodities are priced on supply demand. Not pyramid at all
I didn't read the whole thread, but that made me just lol. BTC is as much supply & demand as Soybeans with a lot of Manipulation from big Players, also the same as Soybeans. The Problem about BTC is, that a lot of People just don't understand how actuall markets work and don't get, that most things they criticize about BTC are already in this "real" markets. true that, in the end there is always 3-4 guys making the calls before everyone follows. thats just how economics works: full stock = full power ^^ |
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BitOnyx
Member
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Activity: 112
Merit: 10
Cryptocurrencies Exchange
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April 11, 2014, 10:39:05 AM |
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Ponzi were scam because people had no idea how it really works.
Everyone knows how bitcoin works.
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BitCoinDream
Legendary
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Activity: 2324
Merit: 1204
The revolution will be digital
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April 11, 2014, 10:48:14 AM |
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Yah ...same for USD, JPY and other FIATs  The point is valuation. When Satoshi owned 1m+ coins and none used it ...it could not even buy a single pizza. He had to distribute it to become a millionaire ...value works like this. Now u call it a Ponzi ...its uR take |
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Noruka
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April 11, 2014, 11:49:16 AM |
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It more closely resembles a pyramid scheme (but so does every other commodity ever traded).
Government currencies are ponzi schemes because when they collapse the central banks come out rich.
So wrong. Commodities are priced on supply & demand. Soybeans, oil, coal..all these commodities are priced on supply demand. Not pyramid at all Government currencies are not Ponzi. Ponzi is taking in new investment money to pay earlier investors. Giving them the impression the investment is profitable so they invest more money. In fairness BTC is not a Ponzi either. Its a pump & dump. Early investors try to draw in new investors to drive up price so they can dump their holdings correct, government currencies are legalized theft of the those at the bottom to benefit those at the top VIA inflation and manipulated interest rates to benefit early users of money created by bond sales. Thats technically a pyramid scheme not ponzi. Social Security would be a better example of a ponzi scheme. Bitcoin is closest to a pump and dump, but only because its highly restricted since it has to interact with the outdated financial system which has loads of laws and regulations. This forces so much rise and fall because of governments changing the rules of their system as they go. Once you have bitcoin and trade/buy things with bitcoin you remove all the costs that are associated with transactions; however the cost of interacting with banks will always be there so bitcoin will never truly be what it is intended to be until all fiat currency dies. (which will never happen) |
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Liquid
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April 11, 2014, 12:06:23 PM |
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limited understanding = must label it something  |
Bitcoin will show the world what hard money really is.
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jonald_fyookball
Legendary
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Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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April 11, 2014, 12:08:55 PM |
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OP is an anti-bitcoin troll. You all fell for it again, in another one of his threads, hook line and sinker.
Just read his comments from other threads. I have no idea WTF he's doing on this forum.
Is this guy boring you? Why don't you come talk to me instead. I'm from a different planet.  |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 11, 2014, 12:28:48 PM |
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To quote Satoshi:
"something something something, OP doesn't get it, something, something, we don't have *explicative* time to hand hold him through an explanation, for the millionth time." - Satoshi
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more or less retired.
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blatchcorn
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April 11, 2014, 12:33:42 PM |
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Yah ...same for USD, JPY and other FIATs The point is valuation. When Satoshi owned 1m+ coins and none used it ...it could not even buy a single pizza. He had to distribute it to become a millionaire ...value works like this. Now u call it a Ponzi ...its uR take Exactly this. You could even go as far to say that life is a Ponzi: you work hard and contribute to the economy, you then reap the rewards in retirement providing that the next generation has also been contributing to their pension plans |
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