Bitcoin overmore Democrats came out infowars vote in the Bitcoin than in the Primary. And also like US dollars and like gold. HALF the Republican voters stayed home? Adams has also helped defend the rights of infowars gardeners and protect the medical freedom rights of parents. Sceptics can read the source code, and evaluate it.
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Sure the first people who got into are making a profit but like any good scheme, thats what happens, you make it look good. I told him when it made its first big run up that he should cash out…. Sounds like a perfect way to gamble a couple hundred dollars and see if this Ponzi Scheme takes off turning my couple hundred into a couple thousand or more. Security depends upon continual re-verification of transaction logs that can be forged and destroyed. Adams is a person of color whose ancestors include Africans and American Indians. Why did he mined and kept 1 million coins? There may be many other factors that cause results not to be as anticipated, estimated or intended.
More infowars on bitcoin. What kills me is that this little punk - the inventor of Bitcoin - Satoshi Nakamoto is a millionaire and he has done nothing to earn it. There may be many other factors that cause results not to be as anticipated, infowars or bitcoin. Enter your bitcoin address below to subscribe infowars our email announcement list but don't use gmail. Bitcoin is a joke and not safe. And as far as we know, there may be nothing else out there like it. Follow his videos, podcasts, websites and bitcoin projects at the links below.
By any measure, the US stock market is at or past extremes. He then points to a Rothschild owned economic magazine that foretells in its cover image that will be the year of the global currency. But Bewick also says that one the state gets control of the cryptocurrency, no other cryptocurrency will be allowed to coexist. The game plan is for the price of Bitcoin to crash, either by design or under its own weight so that the global elitists and governments can implement their own cryptocurrency, and again control the supply of currency.
Some crackpots on the internet believe Bitcoin is globalist invention. Read by 4, people Date: January 2nd, Website: This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.
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I have land, homes, workshop, tools, animals, gardens and no Bitcoins. The global collapse will come regardless.
If you build a bridge out of nothing but an idea and no steel — it is not a bridge. Ideas become substance only when they are actually made, caused to be real. To take a material form. Bitcoin has no tangible substance. Advice to all those who actually think anything digital is real is to cash in their Bit holdings and get some real-world possessions. Bitcoins are like cigarettes.
They can be traded and bartered. They have no value to me, but some people will kill to get them. The Mining part of the Bitcoin is very confusing, but looks like a database with lots of Nodes feeding it. Perhaps someone can enlighten us. Basically it is an encryption scheme. Coding that cannot be copied, altered or counterfeited. You seeing where this is headed? And that is Bitcoin. A gigantic pile of steaming digi-dung. The Cryptocurrency Revolution https: They could destroy Bitcoin anytime they want, the block chain was coded by the cia with backdoors and released as some Japanese guys life work.
I told him when it made its first big run up that he should cash out…. Somebody hacked him and stole all of it. So now he has nothing. Open source or not things can be missed and those tiny openings can lead to massive holes of loss. Unless my crypto will be insured I do not think it is a sandbox worth playing in. I used to listen to Free Talk Live libertarian radio in and so I remember when Bitcon was introduced and what they said about it. No, I did not bother with it back then, I regret.
But I do own a small amount now. The globalists are parasites, and like parasites, will never accept responsibility for imploding the global economy. I have nothing bad to say about BTC. It is going to be an interesting year!
As long as there is internet access, bitcoin can do what gold does 10 times better. Bitcoin has the potential to displace or even completely replace Western Union.
It has the potential to greatly displace gold and other precious metals as a store of value. It is controlled by no single party and is both decentralized and distributed.
Who is the scammer, if there is no one in charge of it? Bitcoin is a bubble, and so is every other form of money. A bubble is when people buy an asset, not to use it, but to trade it for some other asset at a later date.
Like Las Vegas real estate in , or Amazon. Com stock in , or tulip bulbs in And also like US dollars and like gold. If an asset is held only to trade it away later, and it fails to become money, the bubble pops and it becomes worthless.
If it becomes money Sceptics can read the source code, and evaluate it. Everything in bitcoin is completely open, that's the beauty of it. If it is a scam, why can I buy actual things with it right now? There's going to be a bumpy road ahead, much like any new technology before it goes mainstream. Its a decentralized meaning nobody can scam you digital currency that floats like a real currency, except no one country backs it, the people who own bitcoins back it, and add value to it at the same time.
They can exist completely without any one central authority. Saying that Bitcoin in itself is a scam is just ignorant. Now saying that some people viewed as innovators of Bitcoin gone rogue are scammers is more appropriate. People as mark kerpeles mt. They used Bitcoin as their scam. Much like people used cash as their scam or gold as their scam. I haven't found anything malicious in that code or anything that would give somebody the upper hand. Now if you are thinking, "well somebody can edit the code to steal your coins or make fake coins" that is not how it works.
Yes they can make a "fork" of Bitcoin but it will be on a separate blockchain. Meaning you cannot transfer those "forked" coins to the original Bitcoin. Well what is the blockchain? The blockchain stores all the wallet addresses, transactions, miner power and so on. It cannot be edited but only added onto with new wallets, transactions, miners etc.
It is not a website, but stored inside of the application itself on each and every computer or miner with the application. The websites you can find the blockchain on only show a graphical representation of what the blockchain has stored in it.
This means the more people who use Bitcoin, the more secure the protocol is. Which, at this time, it is very secure and Bitcoin itself has proved unbackable. The only way people can "hack" Bitcoin is to hack the websites or wallets and use their data or stored coins for themselves. This happens in everyday life everywhere and should be null. Now, onto the wallets. The wallets are NOT the Bitcoin protocol.
They only use the Bitcoin protocol as a base of information. You could use command prompt for your wallet if you know how to code it. This is why you can find multiple wallet providers with different features and security. They are not changing the protocol itself, but telling the protocol where to send the coins and storing that info in the blockchain.
It is possible that a rogue wallet provider can program something malicious into the wallet itself to steal your wallet data to steal your coins but if you stick with well known wallets, you will not need to worry. Online wallets can be dangerous so it is best to keep your wallet on a physical computer or USB. If someone makes a fake wallet that doesn't actually store real Bitcoin in it, you would be able to tell just by viewing the blockchain on a website.
I have more to say, but not enough room on here. I will post about the human side of the ordeal I the comments. It isnt a scam, Its a very smart idea. No government back up, that means the government ends, youll still have your money. Think of it this way, the confederate states created their very own currency in the little bit of time they were around, once the US won the civil war, that currency was worthless.
WWIII, youll still have your bitcoin acceptable in places. Sign In Sign Up. Add a New Topic. Is Bitcoin a scam? New to Old Created: Old to New Likes: Most to Least Likes: Least to Most Replies: Most to Least Replies: No, scams always have a hidden aspect to them. Related Opinions Should banks have more regulations?
Should maturity be based on a person's age? Will digital currency ever replace paper money? Gox disappearance be an isolated event yes or will it be the first of many Bitcoin collapses no? Does the loss of anonymity make you less likely to adopt Bitcoin? Does online dating lead to better relationships than offline dating? Do you think her suicide had anything to do with Bitcoin?
Should there be more regulations for Wall Street banks? Do you think Mt. Gox has the right to keep the , Bitcoins it "found"? Should bitcoin owners have more avenues to reclaim their money? Bitcoin is a joke and not safe. Read the following articles. Authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt.
The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U. Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the established banking system.
The price of the volatile currency ballooned in March as a result of the Cyprus bank crisis. Authorities worry that a lack of regulation has left the currency vulnerable to money launderers and other criminals. The US government or any government can take control over the high level Bitcoin internet domains and the domains of those who exchange bitcoin for dollars, e. Once those domains are taken over, guess what?
Once, the government takes over these domains in their countries, no one will be able to trade in or exchange bitcoins for dollars; so your bitcoins become worthless. The US government can do that to Bitcoin, and I am not talking about the small individual personal bitcoin accounts; I am talking about the large commercial bitcoin accounts, especially those sites that exchange bitcoin for currency.
By law, America banks were blocked from exchanging money with those internet poker sites. The FBI owns one of the biggest Bitcoin accounts.
In September, the FBI shut down the Silk Road online drug marketplace, and it started seizing bitcoins belonging to the Dread Pirate Roberts — the operator of the illicit online marketplace, who they say is an American man named Ross Ulbricht. The FBI now controls more than , bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. His stash is spread across many wallets. What kills me is that this little punk - the inventor of Bitcoin - Satoshi Nakamoto is a millionaire and he has done nothing to earn it.