Is Bitcoin A Scam? See Why Bitcoin Is Like A Can Of Sardines
I tried posting this 4 days ago but it kept getting removed by the mods for some reason. Maybe it would have saved some money for the people who were on the fence about Bitcoin. There is no hope for the Bitcoin evangelists. Bitcoin is not good at anything really. So why do people still believe in it? Only in the hope that they get rich by getting new Bitcoin disciples to join in. It is more like a can of sardines than it is a currency, payment network or safe haven asset. Don’t be fooled into thinking this will be a safe haven asset in these times of extreme market volatility and uncertainty. Check out the Youtube video with the same name as the title. https://youtu.be/ckWvH3Vq6D0
Bitcoin is a very strange thing, some famous people say it is a scam, such as warren buffett. And some people descripe that it will have a bright future, for example elon musk. So, one of them should be wrong, but who it is? I decide to take out $2000 to buy 0.2 BTC today
09-13 17:44 - 'Is Bitcoin a scam?' (self.Bitcoin) by /u/xsnyder1171x removed from /r/Bitcoin within 27-37min
''' I don't know anyone who has ever successfully bought Bitcoin from anyone. All these exchanges that you go to buy Bitcoin from all be are KYC which requires you to have an id, email address, phone number, or one or the other. Escrow is non existent and everyone who spends money on these exchanges to get coins are conned but they keep doing it. ''' Is Bitcoin a scam? Go1dfish undelete link unreddit undelete link Author: xsnyder1171x
Is bitcoin a scam or the future? What are the criteria we can use to decide?
What are the dimensions along which bitcoin, or its competitors, should be evaluated? Like if I want to know how good a coin is along the SCAM (bad) to FUTURE (good) spectrum what should we be looking at? Some ideas: Level of Decentralization - how to measure?
number and share of mining pools
number of nodes
number of developers, and development teams/clients
number of jurisdictions that coin operates in
potential regulatory threats (how "subversive" is the coin?)
Primary Problem Solved - how to measure?
market research (eg. how big is the market being addressed?)
Developers - how to measure?
Community - how to measure?
how active are they?
how willing and able are they to entertain and effectively counter critiques?
This enables scam coins to present their initiatives with inflated traction metrics to make investors feel like they're missing out when it comes time for them to decide if they'd like to buy-in. Scam coins may also use the word Bitcoin in them in an effort to trick or mislead people into thinking there is a legitimate relationship. Blackmail Scam. Someone says they know about an alleged affair, or something else embarrassing to you, and demands payments with Bitcoin or another cryptocurrency in exchange for keeping quiet. This scammers might use threats, intimidation, and high-pressure tactics to get you to pay right away. This scam is purely a numbers game, where the perpetrators hope that by sending out enough emails they’ll scare enough people into sending them some Bitcoin. How to avoid Bitcoin blackmail scams Search online to see if other people are saying they’ve received the same email You can look up a bitcoin address, report a scam address, and monitor addresses reported by others. If the bitcoin address you are searching on the site has been reported by others, the site will ... The Bitcoin system seems to be a piece of legit software that really works to do as it is intended: earn as much profit as possible from trading on the crypto market for its users. You can find out more by visiting the Bitcoin System website and registering for free.
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