Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is an Illuminati Scam?
by
batang_bitcoin
on 21/01/2018, 21:58:01 UTC
Yeah. Obviously.

Satoshi Nakomoto = inako satomot = inamotto = Illuminati
Wait, what? **face palm.


It is a scam and that could cause to loose everything one day.
Bitcoin is not a scam and yes you could lose everything quickly if you'll panic sell during the dips and to follow your points-

1. Bitcoin is a cryptocurrency - for more info visit www.bitcoin.org
2. We, people who are trading, buying and selling bitcoins are the ones who are taking revenues, profits.
3. It's because bitcoin is decentralized.
4. No, bitcoin won't exit if internet goes down. The world is entirely needing internet so this might happen but there are companies or organizations behind that has back up plans when internet has shutdown.
5. Few for now because of the high transaction fee but do you have any number for that "few" who accepts bitcoin?
6. Consumption of electricity for miners aren't for free (mostly).
7. Again, it's decentralized so you have to protect your bitcoins by setting up a private key and keeping it where no one knows, otherwise get an hardware wallet.
8. Don't forget there are also promoters who are calling it fraud, scam or anything negative for their interest too.
9. Not very liquid? No.
10. Government can regulate any exchange that operates to their location and people who have bitcoins.