Is Bitcoin a Scam?

[petro]

Right now the Federal Reserve Note is the real scam.

 

[dblack]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

No, you're describing fiat currency.

 

[rightwinger]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

 

[petro]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

Now you really sound like a Democrat.

 

[konradv]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

Now you really sound like a Democrat.

If the notes are worthless, why would you care? Couldn't be because that's just rhetorical bullshit, right?

 

[petro]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

Now you really sound like a Democrat.

If the notes are worthless, why would you care? Couldn't be because that's just rhetorical bullshit, right?

In twenty years the Yen will rule after the inevitable collapse of the dollar.

 

[rightwinger]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

Now you really sound like a Democrat.

Send them over if you think they are worthless

 

[petro]

Right now the Federal Reserve Note is the real scam.

I will take all you want to give me

Now you really sound like a Democrat.

Send them over if you think they are worthless

As long as the dummies holding my mortgage believe they have worth, that is where they will go.

Go beg on an exit ramp like a good liberal.

 

[Paulie]

If you invest in Bitcoin, it can be a potential investment. If you don't know what you're doing, then you could lose money. Do your research and invest wisely. I invest in Bitcoin. Just bought 1k last week.

1k as in you put 1k dollars into it? Or you bought 1k coins? I’m going to assume the former considering the cost of a coin right now is 50k+

 

[Paulie]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

 

[rightwinger]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

 

[progressive hunter]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

then how do you explain 30 trillion in debt???

 

[rightwinger]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

then how do you explain 30 trillion in debt???

The dollar is still a stable currency

 

[progressive hunter]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

then how do you explain 30 trillion in debt???

The dollar is still a stable currency

now thats some funny shit right there I tell ya,,,

and so is bitcoin,,

 

[Paulie]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

Take actions to ensure it’s value?? Ever since the day the dollar was created it’s been losing its value.

 

[Dirk the Daring]

Is Bitcoin a scam?.

You might argue that the US dollar is an even bigger scam.

US Dollar has been around for over 200 years
It is basked on the faith and good trust of the US Government.
It is a currency standard around the globe.

What is standing behind the value of Bitcoin other than greed?

None of that defines the value of the US dollar. Our fiat currency is worthless. When the rest of the world wakes up and realizes that, we're screwed.

 

[Dirk the Daring]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

now thats some funny shit right there,,,

is that the same government thats borrowing money in the trillions????

you may want to rethink your answer,,,

I have 200 years of history and an Internationally accepted currency supported by the GDP of the wealthiest nation on earth

What does Bitcoin have?
Worthless coins

Wealthiest nation on earth??? The US is literally the world's largest debtor nation!

world's largest debtor nation - Google Search

 

[LA RAM FAN]

Is Bitcoin a scam?.

You might argue that the US dollar is an even bigger scam.

Indeed,it is as worthless as Monopoly money.

 

[LA RAM FAN]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

now thats some funny shit right there,,,

is that the same government thats borrowing money in the trillions????

you may want to rethink your answer,,,

I have 200 years of history and an Internationally accepted currency supported by the GDP of the wealthiest nation on earth

What does Bitcoin have?
Worthless coins

I have 30 trillion in current debt to make your point wrong,,,

Wrongwinger does not know what the word truth means.

 

[Dirk the Daring]

Is Bitcoin a scam?.

I wouldn’t trust it
It is based on some arbitrary undefined value.

If someone were to declare it worthless, what can you do?

how is that different than the american dollar???

The US Government stands behind the US Dollar and has for 200 years

Who is standing behind your Bitcoin investment

So what? What does standing behind a piece of paper even mean? The only thing the government can do is print more of it until some day there’s too much of it to be worth anything anymore... the same thing that happened to every paper currency ever utilized in history.

The US Government will stand behind the US a dollar and take actions to ensure its value

Bitcoin is pure speculation built on a desire to get rich quick

Geezus Christo. Ensure it's value?? The dollar has LOST 97% of it's purchasing power since 1913...

Visualizing the Purchasing Power of the Dollar Over the Last Century

You likely are aware that the dollar is less powerful than it was 100 years ago, but just how much has the dollar’s purchasing power decreased? Check out this visualization to find out more.

howmuch.net

You're not wrong about bitcoin. Just insanely wrong about the US dollar...