Bitcoins - your thoughts

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1234dist
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Bitcoins - your thoughts

#1 Post by 1234dist » Wed Nov 29, 2017 7:38 pm

I can't help but feel there is a catastrophe on the horizon with bitcoins being openly used by cyber criminals ect. Whats to think that its not owned/run by cyber criminals who will eventually run off with everything.

Or is it just me :S

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Re: Bitcoins - your thoughts

#2 Post by Johnny 216GSi » Wed Nov 29, 2017 7:51 pm

1234dist wrote:
Wed Nov 29, 2017 7:38 pm
I can't help but feel there is a catastrophe on the horizon with bitcoins being openly used by cyber criminals ect. Whats to think that its not owned/run by cyber criminals who will eventually run off with everything.

Or is it just me :S

:rip
Let's face it. There are 1,100 crypto currencies in circulation. The scam is that the inventors mine themselves a nice pot of coins and then publicise their infallibility because of the wonderful breakthrough - the block chain.

They then state it's a "proper currency" which can't be inflated by central banks. It therefore behaves like a commodity - limited availability, near-infinite amount of money from people with more of it than sense.

Price goes up because it's a "store of value" and "a sign of the devaluation of the dollar/pound/euro, etc."

Price bubbles to extremes because of me-too sheep-like investor behaviour.

Inventors sell their original pot of "experimental" first coins and get very rich, in real dollars.

Price collapses. Job done.
Last edited by Johnny 216GSi on Fri Dec 01, 2017 12:30 pm, edited 1 time in total.
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Re: Bitcoins - your thoughts

#3 Post by Vulgalour » Fri Dec 01, 2017 1:14 am

The sheer amount of bitcoin spam I get in my inbox leads me to believe it's a scam of Nigerian proportions.
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Re: Bitcoins - your thoughts

#4 Post by Mr Teddy Bear » Mon Dec 04, 2017 8:53 pm

You have to provide lines of coding for [Bitcoin?] and you get paid in bitcoin? :S
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Re: Bitcoins - your thoughts

#5 Post by 1234dist » Thu Dec 07, 2017 1:16 pm

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Re: Bitcoins - your thoughts

#6 Post by ROVER-25X » Tue Dec 12, 2017 2:42 am

All I know about Bitcoin is that is what criminals and other scumbags use it as currency on the dark web
to buy child porn, guns and drugs.
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Re: Bitcoins - your thoughts

#7 Post by 1234dist » Tue Dec 12, 2017 8:19 am

but you only did it once :wink3
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