Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Scam - No more
by
dohh
on 25/06/2018, 08:53:09 UTC
Bitcoin is not a scam. Bitcoin is a digital currency and if you go through the transaction you will find out. You have to think before you click. Go Research.

There is nothing to research. You would get 2 kind of answers, those who start to realise, its not a right thing and those who don´t want to. Bitcoin is a unique form of scam.

1) it scams by very little bit from huge crowds by mining. ROI / propability of being awarded with a coin is globally ridiculously small if to compare, what amounts of electricity is used.
2) its a total gamble for those, who buy or sell already existing coins. THE ONLY reason, why bitcoin´s value hasnt collapsed into next to nothing yet, is that masses are not smart. Blockchain technology and cryptocurrency sound decent and at the same time they are hard to understand.

Answer these questions:

1) why is bitcoin limited with 21 million coins? what limits it?
2) why is bank-independent money needed if its rate is SO RIDICULOUSLY volatile?
3) why is regular secret/open key crypto technology worse, than blockchaining?