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re: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
Posted on 4/17/13 at 7:58 pm to Vols&Shaft83
Posted on 4/17/13 at 7:58 pm to Vols&Shaft83
quote:
Link in the OP you lazy cock.
That's an opinion piece. He asked for facts.
0
Posted on 4/17/13 at 8:03 pm to Vols&Shaft83
What's wrong with a dating service for senior citizens, a third party food delivery service or a high end porn service? I wonder how many of the potential customers of OKCupid even know what Bitcoins are, and more improtantly, how many of them understand Bitcoins? Wiki has asserted that older people are opposed to BItcoins because they don't understand the technology involved. Now he is trumpeting a company who has nothing but elderly customers as the latest business to accept Bitcoins. Does something not quite add up?
Posted on 4/17/13 at 8:05 pm to Poodlebrain
quote:
a dating service for senior citizens
quote:
I wonder how many of the potential customers of OKCupid even know what Bitcoins are
quote:
Now he is trumpeting a company who has nothing but elderly customers as the latest business to accept Bitcoins
WTF?
Do you even know what OKCupid is? You are seriously retarded if you think it's for old people.
Posted on 4/17/13 at 8:08 pm to Vols&Shaft83
The article linked in the OP all but admits bitcoins are NOT a ponzi scheme:
So please provide facts. I shall wait patiently.
quote:
A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion
So please provide facts. I shall wait patiently.
Posted on 4/17/13 at 8:11 pm to WikiTiger
A "Free" dating site that accepts bitcoins as payment? Sounds like OKcupid thinks bitcoins are worthless too
Posted on 4/17/13 at 8:26 pm to Vols&Shaft83
quote:
A "Free" dating site that accepts bitcoins as payment? Sounds like OKcupid thinks bitcoins are worthless too
Posted on 4/18/13 at 6:28 am to gizmoflak
If I had hard evidence, I'd turn it over to the SEC. But since I don't get paid to be a detective, and truly believe that anybody who gets screwed by being involved in Bitcoin is getting what they deserve, I won't devote my time to gathering hard evidence.
In my opinion, bitcoin is more of a pump and dump than a true Ponzi. Russian has linked numerous examples of bitcoin "believers" posting comments that they know it's a scam but since they understand the scam they are going to be ok. Those type of comments are famous last words of ponzi scheme victims.
In my opinion, bitcoin is more of a pump and dump than a true Ponzi. Russian has linked numerous examples of bitcoin "believers" posting comments that they know it's a scam but since they understand the scam they are going to be ok. Those type of comments are famous last words of ponzi scheme victims.
Posted on 4/18/13 at 7:19 am to Vols&Shaft83
So the ponzi talk is all speculation. ok gotcha
Posted on 4/18/13 at 7:26 am to gizmoflak
Until it collapses and charges are brought, of course it's speculative. Did you have a point?
Posted on 4/18/13 at 7:42 am to Vols&Shaft83
My point is that it's a laughable accusation.
Bitcoins may be a scam, but they're not a Ponzi scheme.
Bitcoins may be a scam, but they're not a Ponzi scheme.
Posted on 4/18/13 at 7:50 am to gizmoflak
quote:Yes, it is.
Bitcoins may be a scam, but they're not a Ponzi scheme.
Fool's Gold: Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse.
Posted on 4/18/13 at 8:05 am to LSURussian
Posted on 4/18/13 at 8:05 am to LSURussian
quote:
A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion
Posted on 4/18/13 at 8:08 am to OnTheBrink
Simon ain't really poor.
quote:
Lang first began investing in Bitcoins two years ago, when they were worth around $20 apiece. Over the span of a month-and-a-half, he invested about $4,000.
quote:
"I don't see this as a short-term investment," said Lang, who expects Bitcoin prices to gradually recover in a couple months. Already his stake is worth about $20,000 again thanks to a small rebound.
Posted on 4/18/13 at 8:12 am to gizmoflak
quote:
Simon ain't really poor.
Wasn't really saying he was. More or less saying the poor guy (1) did not get out while he still could and (2) does not plan to get out anytime soon.
Posted on 4/18/13 at 8:13 am to gizmoflak
quote:
. A Ponzi scheme collapses when people realize that earlier investors are being paid out of the investments of later investors rather than from the returns on an underlying asset.
Posted on 4/18/13 at 8:28 am to LSURussian
quote:
A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion
Posted on 4/18/13 at 8:33 am to LSURussian
quote:
A Ponzi scheme collapses when people realize that earlier investors are being paid out of the investments of later investors rather than from the returns on an underlying asset.
I'm aware of what a ponzi scheme is, thank you. What does this have to do with bitcoin?
Posted on 4/18/13 at 8:36 am to gizmoflak
nice new article: Why Programmers Are Excited About Bitcoin
Posted on 4/18/13 at 8:37 am to gizmoflak
quote:
A real Ponzi scheme takes fraud; bitcoin, by contrast, seems more like a collective delusion
it's sad when their own links dispute their assertion
and I agree with you gizmo.....they should feel free to call it a scam, but to specifically call it a ponzi scheme is the epitome of ignorance, or perhaps a deliberate spread of FUD
This post was edited on 4/18/13 at 8:57 am
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