Thread: Is Bitcoin an imploding ponzi??...

Originally Posted by cloudchecker

According to your logic people must chew your food and spit it in your mouth or it must be a scam.

I'm here to play the foil and make people rethink investing with this sort of logic.

Originally Posted by cloudchecker

Hello people,
I was scanning for reviews of this specific program when I stumbled upon this forum thread. I am in this kind of business so I will check it out.
The valid questions regarding such programs as this one are:
-Does it pay?

My only red flag might be the "too good to be true" price.

I'll give it a try

CoinGeneration.com OPPORTUNITY or Scam?

Peter Lynch once said something to the effect of "most people spend more time planning their vacations than they do investigating investments" and "never invest in anything you can't explain with a crayon." I find both of those maxims very valuable.


Colloquially I may have referred to Bitcoin as a scam, although I don't even know if I said that. What I have been very consistent about Sally Strawman are my concerns about it as an investment divorced from the technology. Too many people are willing to send their money to a promoter of "X" opportunity as opposed to having an audited, perhaps even insured third party hold the money. The result in the former is almost always predictable, the promoter has been faking returns and the money is gone.

Originally Posted by cloudchecker

I use exchanges like kucoin, bittrex, cryptopia, however my holdings on yobit are very tiny. I obviously don't hold everyhing in exchange wallets. Only what I use to trade

Any number of people have woke up to find their Bitcoin wallet has been drained; this was and is an unacceptable and unnecessary risk to me. Now that Wall Street has entered the game things on the risk(avoiding scams) front are more appealing as I posted earlier. Enjoyably though you were too busy throwing a temper tantrum about making train noises and having to spoon feed me to notice.

Drained wallets are not bitcoins fault. It's user error. It is sloppy security practices on your side.
Your wallet is only as secure as you make it.
Losing your wallet to bad actors is a common thing. Not more or less common than other money handling accounts.
Which I would not doubt in your case as you are a complete moron. Maybe JesusSaves777 is not a really good password.

As I have said you are completely clueless about crypto. I mean I linked the sources for you. All the literature, directly from the authors.
All in vain when it's a retard like you.

In case you missed it, I don't even give a referral link to my whatever business you assume I do. I don't need one and I'm not here to build a downline.
A computer literate person would actually read the whitepapers and make sense of them. "Oh maybe I can run this on my machine and see how it works"
Not you though because everything is a scam for you.
It's easy money but you need to know a thing or two about computers. On the Bitcoin network you run them to execute a cryptographic function and verify transactions.
You would know that by now if you could read the bloody whitepapers.
There is nothing shady about running computers and providing a function for money. It's only bullshit when there are people like behind that coingeneration nonsense.
Address your complete lack of IT knowledge and we can talk.
Jesus Christ what an imbecile.

Virtually every scam blog of any significance has some dupe or pimp with a version of "you guys call everything a scam".


Bit Billions - bitbillions.com

USI-tech claims its' sale of unregistered securities in US "legal"

DIGITEX "Bitcoin Futures Trading"

Bit Club Network - bitclubnetwork.com

Originally Posted by Strawman Sally d.b.a Dunning-Kruger & Sally

Not you though because everything is a scam for you.

I've been posting here for eight years this month; If I've called something a scam you believe not to be a scam please quote me in full and in context.

Originally Posted by Talking her book Sally

In case you missed it, I don't even give a referral link to my whatever business you assume I do.

In case you missed it I could not care less what you do. You own Bitcoin and showed up telling people to buy Bitcoin. That's no different than posting a referral link now is it?

Originally Posted by Strawman Sally

A computer literate person would actually read the whitepapers and make sense of them. "Oh maybe I can run this on my machine and see how it works"

There is nothing shady about running computers and providing a function for money.

If someone wants to mine crypto they should research it and do it. I've never said there was anything shady about it as long as the miner is in control of their machines. Personally, I don't want to mine crypto anymore than I want to own rental real estate or a snow cone franchise. For all your FIGJAM-ing you sure do tilt easily and miss major points.

The problem with "mining" lies in all the plug and pay being sold as passive income such as Dunamis Mining, The likes of Ari Maccabi - Ponzi Pimp Is His Brand make all sound so easy. Too many people get sucked into a hot market with the promise of turning an apple into an orchard. FFS the same mining scam was run three times out of the same address Dunamis listed. Probably a dozen or more mining threads on RealScam that all ended the same way.

Originally Posted by Carnival Barker Sally

It's easy money

No such thing for the masses.

Originally Posted by Sally Bart Mall Cop

Drained wallets are not bitcoins fault. It's user error. It is sloppy security practices on your side.
Your wallet is only as secure as you make it.
Which I would not doubt in your case as you are a complete moron. Maybe JesusSaves777 is not a really good password.

My password is Moses-Invest$419, hopefully the addition of a random symbol will be up to snuff.

Originally Posted by The Po Po

German authorities who seized a convicted hacker’s wallet containing over 1,700 bitcoin (BTC) – worth at least $64.7 million at today’s prices – have hit a brick wall when trying to access the coins.

Hacker Refuses to Hand Police Password for Seized Wallet With $6.5M in Bitcoin

Originally Posted by Sally Bart Mall Cop

Losing your wallet to bad actors is a common thing. Not more or less common than other money handling accounts.

Yes, and when your money is held by many custodians there is protection against hacking.

Originally Posted by The Simple Dollar

However, most brokerage firms do have policies stating that they will reimburse you for any amounts lost to “unauthorized activity” as long as you take some basic precautionary steps. These steps vary from firm to firm, but generally include the following:

Creating strong passwords and security questions
Keeping your login and account information private
Keeping contact information up to date
Monitoring your accounts, statements, and transaction confirmations on a regular basis
Notifying the brokerage firm promptly of any suspicious activity
Cooperating with the brokerage firm during any investigation of suspicious activity

For example, you can see Vanguard’s policy here, Schwab’s policy here, and TD Ameritrade’s policy here. You should also be able to look up your current custodian’s “fraud policy” by Googling it.

As we'll see in our next post there's are valid reasons to have your money held with traditional custodians. While I don't know the details, I'll bet there will be protections built in for some portion of the above.

Originally Posted by Bitwise ETF Offering

If approved by FINRA, shares in the Bitwise fund would be available for trading in traditional brokerage accounts and could be held with traditional custodians, according to the release.

Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund