Quote from: Puppet on October 29, 2014, 08:11:51 AM

Quote from: fingertoe11 on October 28, 2014, 11:48:43 PM

I am coming to the conclusion that most "Put you Bitcoin to work" businesses on the internet are scams.

No shit. Bitcoins cant be created from debt. Unlike the fiat world, a growing bitcoin economy doesnt create more coins, only mining creates more coins at a fixed rate. Therefore its impossible to expect a % profit from investing your bitcoins, as for every coin you win someone else has to lose one. Where does the loss come from? Not from my cold wallet, thats for sure.

Bitcoin is a commodity, not unlike gold. How often have you seen an advertisement "Put your gold to work, earn x% per day for depositing gold with us" ?

Your investment is the bitcoins themselves.

If everybody say:

No more pre-orders
No more cloud mining
No more alt coin of the same algorithm
No more high yield investment plans (need to laugh at the word investment)
No more gambling
No more pyramid schemes
Yes to reporting to the Police each and every scam

I think the scammers of the world will dry out in the desert and leave us alone.