Quote from: TheFootMan on February 22, 2014, 03:18:55 AM

Ok, I'll bite.

Quote from: zyk on February 21, 2014, 09:46:05 PM

They only have this money cause they are at the head of the chain -letter...its exactly like pirate@40

How is it exactly like pirate@40, that was clearly a scam from the get go.

Quote from: zyk on February 21, 2014, 09:46:05 PM

when the chain breaks the last ones suck it up......so even you and me who got out a bit earlier are profiteering

Can that not be applied to any business that eventually goes titts up? If you invest in a company and you gain a healthy profit from speculating in stocks of that company, and then the company later goes bankrupt and all investors lose their money, would that not be the same?

Quote from: zyk on February 21, 2014, 09:46:05 PM

on the backs of those who get nothing. And so is bitcoin rightfully in itself a ponzi as well, untill it has real world use besides

How is bitcoin equal to MtGox? If MtGox dies, bitcoin does not die.

Quote from: zyk on February 21, 2014, 09:46:05 PM

defrauding people at the centralised unregulated exchanges.

While it's true that the market is unregulated, scams have also taken place in regulated markets. Just look at the Madoff investment scandal. It seems like regulation itself is not guarantee for things being done in a legit way.

Quote from: zyk on February 21, 2014, 09:46:05 PM

None of those BTC riches was rightfully gained through saving -nvestment cause all profits only came from new money flocking into it.

And how did Apple stocks, Google stocks, Microsoft stocks or any other stock growing in value not grow in value because of new money flocking into it? While you could say that they have real product and services, bitcoin also has grown considerably and today there are several major commercial players, and trade is also increasing steadily. It's true there's been some bubbles, but there's also been bubbles in traditional markets. Anyone that chooses to participate in such a market, must also be able to face consequences when the bubble bursts.

Quote from: zyk on February 21, 2014, 09:46:05 PM

Now the tide goes out and everybody sees that his wealth in btc is long squandered away.....Mt Gox as a market leader reflects

the real Marketcap. the early adopters want to get away with.

MtGox btc price is artificially lowered and does not reflect the current real value of btc.

You are right capatalism- or better lets say the control of the money supply- in itself is a chain -letter where those at the printing presses

ripp-off the rest as they rule at their fingertips when the music stops and then grap all real assets of those who tried to be productive. Its

a complete scam.

BTC just is special as most of the community thought it to be ment for getting out of this greedy slavery !

And surely am hoping for peer to peer evolution after those centralised exchanges and the corrupted bitcoinfoundation get extinct !

Unluckily it seems that nobody get indicted in BTC world yet when stealing depositors blind.