Post
Topic
Board Bitcoin Discussion
Re: The Bitcoin Paradox - a Simple Online Scam Honored as Deity
by
arcmetal
on 18/05/2022, 09:04:12 UTC
the victims are those that stay the longest in the scheme.

That doesn't sound right either.  I've been in since 2013 and I'm doing just fine, thanks.  And the people who got in before I did are doing even better.   That's the complete and total opposite of what you're suggesting.  It's been an incredibly shrewd investment for those who had the sense to get in early and also had the fortitude to stick around this long.

Do you deliberately make your posts sound as though you haven't got the slightest clue what you're talking about?  Or does it just come naturally?  
Do you have problems with understanding the word: 'ultimately"? Ultimately, in all schemes where no resources exist and the investors are able to benefit only through resources contributed from new investors, the victims are those who stay the longest in the scheme. That is by definition. The so called bitcoin holders, own no resources in the scheme, from which they could benefit within the scheme. So, ultimately they will be left holding the bag.
I have stayed a long time, I think, since around 2011, and I don't feel bad about the bag I am holding.  It does rather well for me. I suspect it'll keep doing well for me. ...  The "resource" that you think does not exist, and that appears to elude and confound you is of bitcoin's "utility". 

Here are some examples:

I have noticed how well others have done with their "bags", and here I mean the people on the bitcoin beach, in El Salvador, or the people in Venezuela, and how it has helped them survive the crushing inflation of their Bolivar.  Or maybe for all of those that were paying high fees for remittances, that can now send bitcoin for pennies, or for a dollar depending on the fee. ... I even heard once that someone (laszlo on May 22, 2010) was able to get a couple of pizzas for some bitcoin.  ... The list of these types of examples, of bitcoin's "utility", of how bitcoin is helping, appears to be growing all the time.

I can tell that you have upgraded your arguments since the last time you were posting here, but these are still falling flat.

It now seems that your catchphrase is that bitcoin is a "scam", but repeating this over and over without a realistic explanation is not going to convince anyone here.