Post
Topic
Board Bitcoin Discussion
Re: Simple and undeniable proof that Bitcoin is a scam
by
dohh
on 03/12/2018, 16:16:02 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.

No, its not cop-out, its straightforward and a bit cut as short as possible. I have explained here the same thing over and over again many many times, before current fall began.

Goldbars can not be faked against any serious security check and can be sold to total morons only. And my arguments dont contradict, because You refuse to read them correctly. I wrote "deflatiory" because this is an excuse of halvening. Its nothing more, than a building block of pyramid, instead of hierarchical levels time of mining matters in this scheme.

https://en.bitcoin.it/wiki/Controlled_supply

Second chart is perfect for explanation. Its a scheme and You understand it, if You have any part in Your brain, that does math.