Opinion Question
Posted by:

This is an INCREDIBLE scam.

   The difficulty with Bitcoin is the production of Bitcoins, which are unregulated and not transparent to the world. There is nothing to prevent a sudden surge in Bitcoins being dumped by a creator, a major cash-in, and anyone who pays in legal fiat will be left with nothing. Oh, Bitcoins.
Anonymous says2013-07-29T13:57:36.293
Sure there is, the rate of production is fixed in the source code, which you can read yourself.
peter0000 says2013-11-15T19:55:13.717
Bitcoin is actually more transparent than government money - the code is open source - go review it if you don't believe me.

(also bitcoin is decentralized - so the person who created it is not needed for bitcoin to keep working)
rgurule says2013-11-16T03:40:54.193
That's right. One can create illegal bitcoins, but one cannot spend them. The new coins would never get verification from the vast bitcoin network.
alanx says2013-11-16T16:02:20.213
Dollars are not regulated. Businesses are regulated. Just like Bitcoin.
Tuxavant says2015-09-09T19:03:57.673
Bitcoin production is regulated by math and a regulated inflation - regardless of applied computational power.

Sure Satoshi could dump 100k of bitcoin on the market, but JP Morgan could do the same thing with their gold holdings.

The thing you need to understand is bitcoin production is modelled after gold and it's mathematically provable the way it operates.
patacree says2017-12-20T22:45:37.413
Bitcoin has nothing to do with currency and nothing to do with saving or investing.

What we have here is a massive online casino. The only game in the casino is Bitcoin. The bitcoin is like a poker chip. It has no value other than what you can get from the Bitcoin casino. The twins who operate this scam are selling ACTION. You can go ALL IN any time you want and they will take your bet. Some will win at this casino -namely those who got in early. Most will lose.

I am shocked that this game is allowed to operate legally in the United States.
Leave a comment...
(Maximum 900 words)

By using this site, you agree to our Privacy Policy and our Terms of Use.