Post
Topic
Board Bitcoin Discussion
Re: Simple and undeniable proof that Bitcoin is a scam
by
HeRetiK
on 03/12/2018, 15:57:08 UTC
This is where You are very wrong. I wont write down all aspects, that would take too long, but only main differences, what makes BTC a scam, while precious metals are not.

That's a cop-out answer.


First: no other mining includes precious "deflationary" mechanism, that does nothing but lessens reward for same task exponentially. [...]

Second: Gold can not be forked. There are reserves to mine, or there a not. Simple. [...]

Goldbars can be faked:
https://www.businessinsider.com/tungsten-filled-gold-bars-found-in-new-york-2012-9?IR=T
https://www.cbc.ca/news/canada/ottawa/fake-gold-wafer-rbc-canadian-mint-1.4368801
https://globalnews.ca/news/3169363/10k-in-fake-gold-bars-uncovered-during-edmonton-police-investigation/

...and those goldbars are as "gold" as Bitcoin forks are "Bitcoin".

That being said, these 2 arguments contradict one another. The first statement criticizes Bitcoin for being deflationary while the second statement critizes Bitcoin for supposedly not being deflationary. (while also arguing in the first statement that precious metals are not deflationary and then arguing in the second statement that precious metals are deflationary).

So what's your argument? Please clarify.